UK economy to recover slowly from COVID: budget office

Economy11 hours ago (May 17, 2020 06:15AM ET) (C) Reuters. General view of the Canary Wharf financial district in London LONDON (Reuters) – Britain’s economy is unlikely to have a quick bounce back as it recovers from its coronavirus shutdown…

UK’s Gove says EU trade deal can be done despite talks stalemate

Forex8 hours ago (May 17, 2020 08:45AM ET) (C) Reuters. Daily COVID-19 News Conference in London LONDON (Reuters) – Senior British government minister Michael Gove said on Sunday there was a post-Brexit trade deal to be done with the European…

Syrian tycoon says will refuse government demand to step down from mobile operator

Economic Indicators6 hours ago (May 17, 2020 11:15AM ET) (C) Reuters. By Suleiman Al-Khalidi AMMAN (Reuters) – Syrian tycoon Rami Makhlouf issued a video statement on Sunday saying officials had told him to quit as head of mobile operator Syriatel,…

Economic Calendar – Top 5 Things to Watch This Week

Economy10 hours ago (May 17, 2020 06:35AM ET) (C) Reuters. By Noreen Burke Investing.com – This Tuesday will see Federal Reserve Chairman Jerome Powell testify to Congress on the economic stimulus measures put in place so far. A day later…

Temporary layoff schemes no cure-all in slow COVID recovery

(C) Reuters. FILE PHOTO: Closed restaurants are seen in Bruges amid coronavirus disease (COVID-19) outbreak By Philip Blenkinsop BRUSSELS (Reuters) – Temporary unemployment schemes operating across Europe could struggle to save the jobs of leisure and travel sector workers facing…

German coalition parties clash over aid package for virus-hit municipalities

Economy17 hours ago (May 16, 2020 11:30AM ET) 2/2 (C) Reuters. The spread of the coronavirus disease (COVID-19) in Germany 2/2 By Michael Nienaber and Christian Kraemer BERLIN (Reuters) – German Finance Minister Olaf Scholz has run into opposition from…

Czech state could buy up to 100% of Smartwings airline group: ministers

Economy17 hours ago (May 16, 2020 11:10AM ET) (C) Reuters. FILE PHOTO: Smartwings airline Boeing 737 approaches for landing at Vaclav Havel Airport in Prague PRAGUE (Reuters) – The Czech government could buy up to 100% of airline operator Smartwings,…

China asks United States to stop ‘unreasonable suppression’ of Huawei

Sign In/Free Sign Up 0 Economy15 hours ago (May 16, 2020 01:00PM ET) (C) Reuters. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen BEIJING/HONG KONG (Reuters) – China’s foreign…

Fed says around 600 smaller banks tapped PPP facility in its first days

Economy11 hours ago (May 16, 2020 05:05PM ET) (C) Reuters. FILE PHOTO: The Federal Reserve on Mayday in Washington WASHINGTON (Reuters) – Around 600 banks, most of them small community institutions, tapped the Federal Reserve’s Paycheck Protection Program facility for…

Bank of England looking more urgently at negative rates, riskier assets: Haldane

Economy10 hours ago (May 16, 2020 06:10PM ET) (C) Reuters. FILE PHOTO: The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London LONDON…

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