WASHINGTON (Reuters) – New orders for key U.S.-made capital goods increased for an eighth straight month in December, pointing to solid growth in business spending on equipment in the fourth quarter and likely helping to underpin the economic recovery.FILE PHOTO: United Auto Workers union member Carrie Attwood uses an ergonomic-arm to install a front seat in a Chevrolet Volt electric […]

New York (CNN Business)Boeing closed the books on its worst year ever, posting record losses and plunging sales on the backs of combined crises: the Covid-19 pandemic and the problems getting the 737 Max back in the air. The company’s loss from operations climbed to $12.8 billion, up from nearly $2 billion a year ago, which was Boeing’s previous record […]

A view shows the Bahnhofstrasse shopping street during a partial lockdown, as the spread of the coronavirus disease (COVID-19) continues, in Zurich, Switzerland January 25, 2021. REUTERS/Arnd WiegmannZURICH (Reuters) – The Swiss government will require negative coronavirus tests from people entering the country from high-risk areas as of Feb. 8, the government said on Wednesday. It proposed doubling to 5 […]

OSLO (Reuters) – Nasdaq Clearing has been fined 300 million Swedish crowns ($36 million) by Sweden’s financial supervisory authority (FI) over the default of a power trader in 2018 that showed deficiencies in its operations, the FI said on Wednesday.FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., […]

President Moon Jae-in expects South Korea’s economy to rebound to pre-pandemic levels in the first half of the year, saying it will have one of the strongest recoveries among major economies. “South Korea managed to minimize the economic damage of Covid last year,” Moon told the World Economic Forum’s Davos Agenda on Wednesday. “The combined growth rate last year and […]

NEW DELHI (Reuters) – Hundreds of police guarded the historic Red Fort in the heart of the Indian capital on Wednesday following violent clashes between farmers and authorities in which one person was killed and at least 80 injured.FILE PHOTO: Farmers gather in front of the historic Red Fort during a protest against farm laws introduced by the government, in […]

Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: Widespread lockdowns and slower vaccine rollout in Europe have put the continent behind global peers in global growth forecasts European Central Bank policy makers have agreed to look deeper into the euro’s appreciation against the dollar since the start of the […]