Economic News
10 Jul
coronavirus-resultats-prometteurs-sur-les-animaux-d-un-vaccin-chinois
BioNTech chief expects to file for approval of Covid-19 vaccine towards end 2020

The head of German biotechnology outfit BioNTech thinks that his company will be file for regulatory approval of its Covid-19 vaccine before the end of 2020.

10 Jul
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Gilead Sciences's Remdesivir may cut Covid-19 risk of death by 62%

Gilead Sciences's Remdesivir antiviral treatment for the novel coronavirus may cut the risk of death by nearly two-thirds.

10 Jul
certaines-petites-banques-americaines-pourraient-avoir-besoin-de-capitaux-selon-le-fmi
Drop in food costs weighs on US producer prices in June

Producer prices in the US continued retreating last month amid sharp drops in the cost of food and in retailers' margins.

10 Jul
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US's Biden calls for end of era of 'shareholder capitalism'

The Democratic Party's presumptive nominee vowed on Thursday to "put an end" to an era "shareholder capitalism", saying that the days of Amazon not paying federal taxes were numbered.

10 Jul
premier oil zama
IEA increases 2020 oil demand forecast but maintains Covid-19 concerns

The International Energy Agency (IEA) raised its 2020 oil demand forecast on Friday but warned the spread of Covid-19 was still a concern and could change the outlook.

10 Jul
gopinathgita
IMF calls for 'equity-like' government support for firms

The International Monetary Fund chief economist Gita Gopinath called for governments to start “equity-like” support for firms affected by the coronavirus.

10 Jul
rishi-sunak-chancelier-de-l-echiquier
Moody's says UK to take worst hit of developed economies

The UK's economy will shrink by more than 10% this year - the worst impact among major economies from the Covid-19 crisis, Moody's ratings agency predicted.

10 Jul
camden high street retail shopping
High street shows green shoots of recovery despite slide in footfall

Shopping habits started to show tentative signs of recovery in June as lockdown measures were eased, industry data showed on Friday.

09 Jul
rishi-sunak-chancelier-de-l-echiquier
Job losses mount after Sunak's summer statement

Less than 24 hours after Rishi Sunak unveiled his "plan for jobs", Boots, John Lewis and Burger King announced about 7,000 potential job cuts, raising fears about surging unemployment as the Covid-19 crisis takes its extended toll.

09 Jul
jobless, unemployment, employment, us, usa, america, department of labor
US jobless claims fall more than expected

Weekly jobless claims in the US fell more than expected last week, according to figures released on Thursday.

09 Jul
coronavirus china mascara polucion portada
China industrial deflation eases in June

China's manufacturing sector reported tentative signs of recovery in June, despite the ongoing impact of the Covid-19 pandemic on demand, official data showed on Thursday.

09 Jul
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Sunak to focus on budget deficit after post-Covid outlook clears

UK Finance Minister Rishi Sunak said he would focus on restoring public finances and the deficit once he had more clarity around the post-Covid-19 economic recovery.

09 Jul
volkswagen fabrica coches
German trade surplus improves but progress slow

Germany's trade surplus improved as expected in May but exports remained well below pre-Covid-19 levels as large trading partners continued with restrictions on economic activity.

09 Jul
rishi-sunak-chancelier-de-l-echiquier
Property market picks up but outlook weak, Rics says

The UK housing market showed signs of recovery in June but the Chancellor's stamp duty holiday will be needed to support transactions if the revival runs out of steam, the Royal Institution of Chartered Surveyors said.

08 Jul
rishi-sunak-chancelier-de-l-echiquier
Chancellor unveils £30bn plan to boost UK economy

Rishi Sunak has announced a series of measures aimed at boosting the UK economy as it emerges from lockdown, including a six-month job retention bonus for furloughed workers and temporarily slashing VAT on food and accommodation.

08 Jul
cb barrick gold
Gold hits 2011 highs above $1,800/oz.

Gold prices have broken fresh records, despite a recent rally in equities, amid ongoing concerns about the long-term economic impact of the Covid-19 pandemic and the prospect of rising inflation.

08 Jul
cb infineon sh1
EU court reduces Infineon fine to €76.87m

Europe’s second top court cut German company Infineon Technologies antitrust fine on Wednesday from €82. 78m to €76. 87m.

08 Jul
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Rishi Sunak plans job creation scheme for UK youths

Rishi Sunak will announce a new £2bn job creation scheme for under-25s on Wednesday as a way to support the younger generations through the unemployment surge due to the coronavirus pandemic.

08 Jul
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Global experts to discuss challenge of 'fake news' at 2020 Cyber Polygon

Leading experts will meet to discuss the challenges posed by increasingly sophisticated 'fake news' at the 2020 edition of Cyber Polygon.

08 Jul
dominic raab
UK imposes sanctions on Russians and Saudis over 'blood money' laundering

Britain imposed sanctions on 25 Russians and 20 Saudis on Monday as part of post-Brexit measures that were aimed at cracking down on the laundering of “blood money”.

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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.