Every severe economic crisis shakes the basic foundations of seemingly mainstream policies and ideas and makes one wonder whether the recession’s impact could have been mitigated by timely and ambitious Continue Reading
The Ministry of Economic Affairs, Labor and Housing of the German state of Baden-Württemberg announced that it will finance a two-year project aimed at investigating how to best reclaim battery Continue Reading
UK-based offshore drilling contractor Valaris has filed for bankruptcy protection in the United States, offering creditors to swap some $6.5 billion of its $7.8-billion debt pile for equity. The company Continue Reading
Britain’s economic recovery from the shock of the COVID-19 pandemic has gathered pace, data showed on Friday, but government borrowing rose past the 2 trillion pound ($2.64 trillion) mark and Continue Reading
The recovery among British businesses from the shock of the COVID-19 pandemic quickened again in August, but snowballing job cuts sent an ominous signal for the months ahead, a survey Continue Reading
The euro zone’s recovery from its deepest economic downturn on record hit the brakes in August, particularly in services, as pent-up demand unleashed by the easing of coronavirus lockdowns dwindled, Continue Reading
German growth momentum slowed in August with activity in services grinding to a halt, highlighting the fragile state of the economy. A Purchasing Managers’ Index for services fell sharply after a Continue Reading
French manufacturing unexpectedly contracted in August after a two-month rebound, a setback that will raise questions about the true state of the economy and the need for more stimulus. A Purchasing Continue Reading
The European economy’s rebound from the coronavirus recession slowed in August, as a pick up in new confirmed cases appeared to hobble the reopening of some businesses and travel from Continue Reading
The eurozone’s economic rebound from the coronavirus pandemic is losing steam after several months of improvement, according to a widely watched survey of business activity. The IHS Markit flash composite purchasing managers’ Continue Reading
