The Organization for Economic Cooperation and Development said on Tuesday that a global economic recovery from the pandemic was finally taking hold, but it inched back its forecast for worldwide economic growth and warned that the rebound was benefiting wealthier
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Default expectations for China Evergrande rise as a payment deadline looms.
Shares of China Evergrande, the troubled real estate giant whose fate has contributed to jitters in global markets, fell again on Tuesday amid a new prediction that it would soon default. The company’s chairman, Xu Jiayin, told employees in a
Lockdown barely dents consumer confidence – young stay most upbeat
Lockdown has failed to dent consumer confidence to anything like the extent it did last year, the latest Westpac McDermott Miller survey shows. In fact many households report their financial position has improved and that they expect it will continue
Reuben Klamer, Mastermind of the Game of Life, Dies at 99
Reuben Klamer, an inventor who dreamed up the Game of Life and many other toys and games that entertained young baby boomers in the pre-internet 1950s and ’60s, as well as their children in the ’80s and ’90s, died on
Meat industry warns production could be hit by CO2 shortage
Britain’s meat industry is warning of a shortage of carbon dioxide gas without which the food manufacturing process could grind to a halt. Representatives of the industry have been in emergency talks with the government over the crisis which is
Shutdown of fertilizer plants puts British meat supply at risk, industry says.
Concern over the impact of high energy prices in Britain reached a new level on Friday when the country’s meat industry warned that supplies of chicken, beef and pork could be hit. The British Meat Processors Association said that the
Global debt is soaring — and we need to talk about it
This month the thorny topic of debt is creeping back, belatedly, onto the political radar in Washington. Last week Janet Yellen, Treasury secretary, warned that the US government will run out of money in October unless Congress raises the debt
Why Taxing Stock Buybacks Is the Wrong Fix for Executive Pay
The DealBook newsletter delves into a single topic or theme every weekend, providing reporting and analysis that offer a better understanding of an important issue in the news. This week, the financial journalist Roger Lowenstein weighs in on a plan
Fed's Powell orders sweeping ethics review after officials' trading prompts outcry
WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell has ordered a sweeping review of the ethics rules governing financial holdings and dealings by senior officials at the U.S. central bank, a Fed spokesperson said on Thursday.FILE PHOTO: Federal Reserve Chair Jerome
China's factories, retailers stumble on COVID-19 disruptions
BEIJING (Reuters) -China’s factory and retail sectors faltered in August with output and sales growth hitting one-year lows as fresh coronavirus outbreaks and supply disruptions threatened the country’s impressive economic recovery.FILE PHOTO: An employee inspects a circuit board on the