Economy Industry News

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reuters.com - Reuters Editorial - URGENT-UAE appoints new economy, industry ministers under broad govt restructuring
URGENT-UAE appoints new economy, industry ministers under broad govt restructuring
Reuters

DUBAI, July 5 (Reuters) - The United Arab Emirates announced a broad government restructuring on Sunday that saw Abdullah al-Marri appointed economy minister and the head of the country's oil firm, Sultan al-Jaber, named as industry and advanced…

cnn.com - By Tami Luhby, CNN  - Charts show how Black Americans' economic progress has stalled
Charts show how Black Americans' economic progress has stalled
CNN

(CNN) The typical Black American family is virtually no closer to equal footing with its White peers in terms of income and wealth than it was 50 years ago, when Civil Rights-era reforms were enacted to expand opportunity and limit outright racial…

bloomberg.com - Emily Cadman - Generation Z Is Bearing the Economic Brunt of the Coronavirus
Generation Z Is Bearing the Economic Brunt of the Coronavirus
Bloomberg

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Already scarred by the global financial crisis a decade ago, a generation of younger people is…

businessinsider.com - Carmen Reinicke - US economic recovery unlikely before 2022: world's best forecaster
US economic recovery unlikely before 2022: world's best forecaster
Business Insider

Christophe Barraud, chief economist of the broker-dealer Market Securities, has been ranked Bloomberg's most accurate forecaster of US economic data eight years in a row. He told Business Insider that the US won't return to its fourth quarter 2019…

bbc.co.uk - Virus crisis expected to 'level down' UK economy
Virus crisis expected to 'level down' UK economy
BBC

The coronavirus crisis could 'level down' the UK economy with London and the South East expected to bounce back more quickly than Hull and Bradford. Industries such as finance and construction will be worst hit by the pandemic, a report from the…

bloomberg.com - Enda Curran - World Economy That Took Elevator Down Faces Steep Stairs Back Up
World Economy That Took Elevator Down Faces Steep Stairs Back Up
Bloomberg

The world economy is entering the second half of 2020 still deeply weighed down by the coronavirus pandemic with a full recovery now ruled-out for this year and even a 2021 comeback dependent on a lot going right. It's a scenario few if any…

bloomberg.com - Michael Heath - Economic Elevator, India's Workers, Australia Alphabet: Eco Day
Economic Elevator, India's Workers, Australia Alphabet: Eco Day
Bloomberg

Generation Z is bearing the economic brunt of the coronavirus Coffee industry says hard times Mean child labor: Supply Lines Welcome to Monday, Asia. Here's the latest news and analysis from Bloomberg Economics to help you start the day: The world…

cnbc.com - Hannah Miller - Here are five charts tracking the U.S. economy amid the coronavirus pandemic
Here are five charts tracking the U.S. economy amid the coronavirus pandemic
CNBC

Published Sun, Jul 5 2020 9:15 AM EDT The United States has reported record increases in coronavirus cases with spikes seen in states well underway in their reopening progress. The rising case numbers have caused states to alter their recovery…

reuters.com - Fergal Smith - Canada should focus on boosting the economy even as debt climbs: analysts
Canada should focus on boosting the economy even as debt climbs: analysts
Reuters

TORONTOTORONTO (Reuters) - Canada should focus on boosting economic growth after getting pummeled by the COVID-19 crisis, analysts say, even as concerns about the sustainability of its debt are growing, with Fitch downgrading the nation's rating…

dailyherald.com - Associated Press - UAE orders government shakeup as virus erodes economic gains
UAE orders government shakeup as virus erodes economic gains
Daily Herald

DUBAI, United Arab Emirates -- The United Arab Emirates announced a wide-ranging government shakeup on Sunday aimed at creating a more flexible and modern bureaucracy to tackle challenges as the coronavirus and lower oil prices erode what was…

bloomberg.com - Michael Heath - Debate Rages Over Shape of Australia's Economic Recovery
Debate Rages Over Shape of Australia's Economic Recovery
Bloomberg

Economists are divided on the outlook for Australia's recovery: many see a U-shaped, while a growing number see a W-shaped. Both support the central bank's view that interest rates will remain low for a long time. The Reserve Bank of Australia is…

bloomberg.com - Naoto Hosoda - U.S. Stock Futures Gain as Market Weighs Virus Cases, Economy
U.S. Stock Futures Gain as Market Weighs Virus Cases, Economy
Bloomberg

U.S. stock index futures rose in Asia on Monday as investors focused on the prospects for an expansion of economic stimulus to help counter the impact of the spreading global pandemic. September contracts on the S&P 500 rose 0.9% as of 11:12 a.m.

khaleejtimes.com - 
  Issac John 
 - UAE Cabinet revamp seeks to 'turbo-charge' economic growth
UAE Cabinet revamp seeks to 'turbo-charge' economic growth
Khaleej Times

The revamping of the UAE Cabinet signifies a game-changing strategy to 'turbo-charge the country's holistic growth to a higher orbit', economists and analysts have said. While ensuring more agility and swiftness in the governmental decision-making…

nikkei.com - William Pesek - Singapore election must offer new vision for economy
Singapore election must offer new vision for economy
日本経済新聞

William Pesek is an award-winning Tokyo-based journalist and author of 'Japanization: What the World Can Learn from Japan's Lost Decades.' On Friday, Singaporeans will be among the first in the coronavirus era to vote on a national leader. While…

bostonglobe.com - Larry Edelman - More of Mass. is reopening with Phase 3, but its economy might soon have to retreat a bit
More of Mass. is reopening with Phase 3, but its economy might soon have to retreat a bit
BostonGlobe.com

By Larry Edelman and Shirley Leung Globe Staff and Globe Columnist,Updated July 5, 2020, 1 hour ago Leaving home in Los Angeles requires bringing a face covering. Damian Dovarganes/Associated Press The Massachusetts economy is taking another step…

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