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International Economic
29 May
UK confirms coronavirus jobs package to be scaled back by Oct

The UK government confirmed it was scaling back its coronavirus job retention scheme with businesses having to meet 20% of their wage bill for furloughed workers by October.

29 May
Sberbank launches physical commodities trading arm in Zug, Switzerland

Russia's largest lender has opened a commodities trading company in Switzerland focused on oil, base metals and bulk commodities.

29 May
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US consumer confidence steady in May, but outlook clouded by Covid-19

Consumer confidence in the US steadied in May but uncertainty about the future course of the pandemic continued to cloud the outlook as did expectations for a sharp rise in prices, the results of one of the most closely-followed surveys revealed.

29 May
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EU proposes €15bn fund to support strategic firms

The European Commission proposed setting up a €15bn fund to invest in strategic companies that have been especially affected by the coronavirus crisis.

29 May
ep trabajadores sanitarios durante la pandemia de coronavirus en chile
MNI Chicago PMI drops again in May, Covid-19 impact seen extending into 2021

Business activity levels in the Chicago area continued to shrink in May, dropping at their quickest pace since March 1982, led by a drop in new orders amid lockdowns.

29 May
US personal consumption crashes in April, savings rocket

Personal incomes in the US shot higher last month as government transfers to contain the fallout from the pandemic kicked-in.

29 May
European Central Bank, euro, ECB, eurozone, single currency
Eurozone inflation nears four-year low in May

Eurozone inflation fell to a near four-year low in May as energy prices slid, according to figures released by Eurostat on Friday.

28 May
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US pending home sales plummet in April but bottom falling into place, NAR says

A key lead indicator for US home sales registered its largest ever recorded drop last month, albeit amid signs that a bottom might now be in place.

28 May
US firings continue at torrid pace, but hiring picks up

Firings in the US continued at a furious pace during the past week, albeit at a moderately slower pace, and hirings picked up.

28 May
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US durable goods orders drop more than expected in April

Orders in the US for goods made to last more than three years fell sharply in April, with weakness especially evident in demand for transport equipment.

28 May
Travel firms slam UK govt plans for Covid quarantine

More than 75 travel industry firms have called on the UK government to scrap plans to force visitors to forcibly quarantine visitors on arrival.

28 May
European Central Bank, euro, ECB, eurozone, single currency
Eurozone economic sentiment ticks higher in May

Eurozone economic sentiment ticked higher in May, according to figures released by the European Commission on Thursday.

27 May
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Coronavirus crisis pushes more than half of US parents into debt

Around 56% of US parents have had to go into debt in these past few months in order to cope with the economic fallout of the coronavirus crisis, a survey found.

27 May
HBO plans cheaper streaming services for 2021

AT&T’s Warner Media plans to release an ad-supported version of the HBO Max streaming service in 2021.

27 May
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EU set to propose 750bn euro reconstruction fund

Brussels will propose a €750bn reconstruction fund on Wednesday evening financed through jointly-issued debt, the majority of which will be disbursed as grants.

27 May
Google plans to get employees back to offices

In a blog post, Google and Alphabet CEO Sundar Pichai wrote about company plans to return some of its workforce to its offices.

27 May
Global energy investment to plunge by $400bn - IEA

Global energy investment was set to plunge by a record $400bn this year due to the coronavirus pandemic, threatening the security of future supply and moves to cleaner alternatives, the International Energy Agency said on Wednesday.

27 May
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Italian research claims 96% of Covid-19 victims suffered pre-existing illnesses

Research into Covid-19 infections in Italy found that 96% of fatalities suffered from pre-existing medical conditions.

27 May
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WHO pauses hydroxychloroquine trials to fight coronavirus due to health concerns

The World Health Organization on Monday decided to temporarily suspended its trial of hydroxychloroquine to combat the deadly coronavirus over safety concerns.

26 May
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UN calls for support for developing countries hit by pandemic

UN officials said they will meet with over a dozen world leaders on Thursday to discuss shoring up financial support for developing countries struggling with the coronavirus pandemic.