Economic News
Two-thirds of global tropical rainforests destroyed or degraded - RFN
Two-thirds of the world's rainforests have been degraded or destroyed by humans, revealed the latest report by Rainforest Foundation Norway.
Bavarian Nordic posts positive pre-clinical trial data for Covid-19 vaccine
Shares in Bavarian Nordic surged at the start following the release of positive pre-clinical trial data for its Covid-19 vaccine candidate, ABNCoV2.
Investor morale continues to grow across Eurozone
Investor confidence is continuing to grow in the Eurozone, research published on Monday confirmed, boosted by the worldwide rollout of the Covid-19 vaccine.
DuPont to buy Laird Performance Materials from Advent for $2.3bn
DuPont has agreed to buy Laird Performance Materials from private equity firm Advent International for $2. 3bn in cash.
EU agrees WTO agriculture quotas with US following Brexit
The European Union and the United States have concluded negotiations to implement the EU's agricultural quotas under World Trade Organization rules following the UK’s exit from the bloc.
Fintech unicorn WeLab raises $75m in funding round led by Allianz
Hong Kong’s fintech unicorn company WebLab has raised $75m in its latest funding round which was led by Allianz X.
UK consumer confidence rises as vaccines offer crisis exit
UK consumer sentiment improved to its highest since the Covid-19 pandemic started as households looked beyond the crisis, a survey showed.
UK retail footfall declines for first time in seven weeks - Springboard
Footfall across the UK fell last week for the first in seven weeks, according to data released on Monday by retail analysts Springboard.
Heathrow, TUC call on govt for aviation support package - report
Britain’s Trades Union Congress and Heathrow airport have called for government support to cover costs while travel bans remain in place.
Bailey says BoE needs 'proof' of recovery before tightening policy
The governor of the Bank of England said the BoE would need substantial proof the economy was recovering before considering tightening monetary policy to combat inflation.
German industrial production unexpectedly falls in January
German industrial production unexpectedly fell in January, according to figures released on Monday by Destatis.
Staycation surge causes rise in price of seaside holiday lets
The surge in holidaymakers choosing to stay on the UK seaside for the holidays this year has caused a rise in the cost of accommodation by an average of 35% compared to 2020.
US foreign trade rises more than expected in January
America's shortfall in trade with the rest of the world widened at the start of 2020, as import outgrowth continued to outpace overseas sales.
US economy adds more jobs than expected as restrictions ease
US non-farm payrolls rose a lot more than expected in February as Covid cases fell and some restrictions were lifted, while the unemployment rate ticked lower, according to data released by the Labor Department on Friday.
Resource nationalism surges in 2020 as side effect of Covid-19
In 2020, 34 countries have witnessed a significant increase in the nationalisation of natural resources as a side effect of Covid-19, revealed the latest report by Verisk Maplecroft published late on Thursday.
German factory orders rise more than expected in January
German factory orders rose more than expected in January, according to figures released by Destatis on Friday.
UK house prices dip for second month - Halifax
UK house prices dipped for the second month running in February as the sector's mini-boom appeared to peter out, Halifax said.
Labour demand stabilises in February, REC says
Labour demand stabilised in February, although starting salaries fell modestly, even in the face of the national lockdown, the results of a survey revealed.
Fed's Powell says he would be concerned if financial conditions tighten
Longer-term US government debt yields extended their recent rebound even after Federal Reserve chief, Jerome Powell, said he was monitoring their rise.
Sberbank posts jump in full-year net interest income
Sberbank, the Russian Federation's largest lender by assets, posted a big drop in full-year profits in a year marked by the novel coronavirus pandemic.
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