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Tag: economy

Here are five charts tracking the U.S. economy amid the coronavirus

Brendan McDermid | Reuters Direction requests Requests for transit directions on Apple Maps are still nowhere near pre-pandemic levels, according to data from the navigation app. However, driving and walking direction requests have surged from their low points during the early stages of the outbreak. Travelers may be more inclined to driving and walking rather …

Here are five charts tracking the U.S. economy amid the coronavirusRead More

Education hit hardest as coronavirus batters UK economy | Business

The fallout from the coronavirus crisis will affect certain sectors of Britain’s economy, such as education, construction and hospitality, harder than most, according to analysis by the government’s independent economics watchdog. The Office for Budget Responsibility warned on Tuesday that UK gross domestic product (GDP) could plunge by 35% between April and June, while the …

Education hit hardest as coronavirus batters UK economy | BusinessRead More

‘The economy is clearly in ruins here’

A sign reading “Buy Local” with closed restaurants and shops on Main Street on April 10, 2020 in Livingston, Montana. William Campbell | Corbis via Getty Images Consumer and manufacturing reports for March showed the hit to the economy from the coronavirus was even swifter and deeper in the early weeks of the shutdown than …

‘The economy is clearly in ruins here’Read More

Coronavirus freezes consumer-driven US economy, testing retailers

The coronavirus outbreak has transformed the US virtually overnight from a place of boundless consumerism to one suddenly constrained by nesting and social distancing.The crisis tests all retailers, leading to temporary store closures at companies like Apple and Nike, manic buying of food staples at supermarkets and big-box stores like Walmart even as many stores …

Coronavirus freezes consumer-driven US economy, testing retailersRead More

Airline profits hit in latest sign of coronavirus impact on global economy – business live | Business

Good morning, and welcome to our live coverage of the world economy, the eurozone, financial markets and business. Few industries have been hit by the impact of the coronavirus outbreak harder than airlines. Air France-KLM and Qantas both reported costly hits to profits on Thursday. Air France-KLM said that, based on a suspension of China …

Airline profits hit in latest sign of coronavirus impact on global economy – business live | BusinessRead More

How has Brexit vote affected UK economy? January verdict | Business

Brexit risks remain for sterling The pound has erased the gains made after Boris Johnson’s Conservatives won the biggest majority in more than 30 years at the general election, amid concern that Britain could end the Brexit transition period in December without an EU deal. Sterling had soared by about five cents against the US …

How has Brexit vote affected UK economy? January verdict | BusinessRead More

Artificial Intelligence and the Economy in the 21st Century

Artificial intelligence is a driving business force in this fast changing 21st century. AI is no longer an implausible futuristic vision, but a stark reality that is disrupting businesses worldwide. In the 21st century, companies are forced to rethink traditional market approaches and become more service – centric in order to remain relevant. Organizations such …

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High street gloom continues as fears grow over UK economy | Business

High street sales in Britain slumped in December as consumers reined in their spending over the key Christmas shopping period, adding to the gloom facing embattled retailers across the country and increasing the likelihood of an interest rate cut later this month. According to the Office for National Statistics, retail sales failed to rise for …

High street gloom continues as fears grow over UK economy | BusinessRead More

After the sleep economy, what’s next to be monetised? Breathing? | Arwa Mahdawi | Opinion

For a moment, I thought 2019 might have been the year the startup bubble finally burst. Lyft and Uber both had disappointing initial public offerings (IPOs). Then WeWork, the office-space startup whose CEO once proudly proclaimed that the company’s multibillion-dollar valuation was “more based on our energy and spirituality than it is on a multiple …

After the sleep economy, what’s next to be monetised? Breathing? | Arwa Mahdawi | OpinionRead More

How has Brexit vote affected UK economy? December verdict | Business

Sterling surges on Johnson’s election landslide The pound has risen sharply over the past month as currency traders in the City of London bet that an election victory for Boris Johnson’s Conservatives would lift some of the intense political uncertainty facing Britain. Sterling jumped by more than two cents against the US dollar and the …

How has Brexit vote affected UK economy? December verdict | BusinessRead More