26 January

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Global Crisis Damage From Covid-19 Is Now About 255 Million Jobs By Bloomberg

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(Bloomberg) -- The world economy won’t be able to fully repair last year’s damage to employment in 2021 after the Covid-19 pandemic wiped out the equivalent of 255 million jobs, according to the International Labour Organization. Even under the most optimistic assumptions, working hours will still be lower compared to pre-crisis levels, the ILO said in a report on Monday. Under the organization’s...

26 January

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U.S. Delays Effort to Restore WTO’s Key Decision-Making Power By Bloomberg

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(Bloomberg) -- The U.S. signaled it’s not yet ready to engage in a debate over how to revive the World Trade Organization’s dispute resolution system, which has been hobbled since 2019, until Washington works through President Joe Biden’s transition. The U.S. delegation to the WTO, in a statement Monday seen by Bloomberg, said it’s “not in a position” to back a proposal on...

26 January

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London and New York financial services treated the same, EU says By Reuters

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By Huw Jones LONDON (Reuters) - An EU forum for discussing financial services with Britain will be similar to what the United States has, and it must be in place before market access will be considered, the bloc's financial services chief said on Monday. Britain's Brexit trade deal with the EU from Jan. 1 does not cover financial services, leaving its City...

26 January

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Investor payouts and job cuts jar with U.S. companies’ social pledge By Reuters

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By Jessica DiNapoli, Ross Kerber and Noel Randewich (Reuters) - When Randall Stephenson joined 180 of his peers leading many of the richest U.S. companies in signing the Business Roundtable pledge on the "purpose of a corporation" in August 2019, the then-chief of AT&T Inc (NYSE:T) promised to look out for the interests...

25 January

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ECB focuses on bank credit, bonds in gauging financing conditions: Lane By Reuters

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FRANKFURT (Reuters) - The European Central Bank focuses on bank credit conditions and bond markets when assessing if financing conditions remain favourable, ECB chief economist Philip Lane said in a speech on Monday. ECB President Christine Lagarde renewed a commitment to maintaining "favourable" financing conditions last week but did not say what measures were being looked at and sources close to the...

25 January

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China’s Xi calls for greater role for G20 in economic governance By Reuters

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(Reuters) - China's President Xi Jinping on Monday called on the world to strengthen macroeconomic policy coordination and bolster the role of the G20 in global economic governance as he pointed to a "rather shaky" recovery from the coronavirus pandemic. Speaking at a virtual meeting of the World Economic Forum - a gathering usually held in a Swiss ski resort - Xi...

25 January

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Existing cryptocurrencies unlikely to last, says BoE’s Bailey By Reuters

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LONDON (Reuters) - No existing cryptocurrency has a structure that is likely to allow it to last over the long term, Bank of England Governor Andrew Bailey said on Monday at an online discussion hosted by the Davos-based World Economic Forum. "Have we landed on what I would call the design, governance and arrangements for what I might call a lasting digital...

25 January

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Steroid should still work on new COVID variant – English medical official By Reuters

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LONDON (Reuters) - A cheap steroid drug that can help save the lives of patients with COVID-19 should work on patients infected with the new more infectious variant of the coronavirus found in Britain, a senior medical official in England said on Monday. Dexamethasone, a generic drug used since the 1960s to reduce inflammation in diseases such as arthritis, has been found...

25 January

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Dow Cuts Some Losses as Big Tech Powers Up Ahead of Earnings By Investing.com

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By Yasin Ebrahim Investing.com – The Dow moved off session lows on Monday, as declines in cyclical stocks were offset by strength in technology ahead of a busy week of market-moving data from big tech. The Dow Jones Industrial Average fell 0.30%, or 89 points, though had been down more than 300 points intraday. The S&P 500 was up 0.12%, while the Nasdaq...

25 January

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Britain to announce policy of enforced quarantine in hotels on Tuesday: ITV By Reuters

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LONDON (Reuters) - Britain will announce on Tuesday enforced quarantine for arrivals in the UK, broadcaster ITV (LON:ITV) reported, after Prime Minister Boris Johnson said that new coronavirus variants were prompting a review of border policy. "Hotel chains tell us they expect govt to announce enforced quarantine for those arriving in UK tomorrow. They are already preparing following discussions. People...

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Global Crisis Damage From Covid-19 Is Now About 255 Million Jobs By Bloomberg

U.S. Delays Effort to Restore WTO’s Key Decision-Making Power By Bloomberg

London and New York financial services treated the same, EU says By Reuters

Investor payouts and job cuts jar with U.S. companies’ social pledge By Reuters

ECB focuses on bank credit, bonds in gauging financing conditions: Lane By Reuters

China’s Xi calls for greater role for G20 in economic governance By Reuters

Existing cryptocurrencies unlikely to last, says BoE’s Bailey By Reuters

Steroid should still work on new COVID variant – English medical official By Reuters

Dow Cuts Some Losses as Big Tech Powers Up Ahead of Earnings By Investing.com

Britain to announce policy of enforced quarantine in hotels on Tuesday: ITV By Reuters

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