The euro zone’s business activity rebounded in July, according to preliminary data, as strict coronavirus lockdowns were further eased and more people returned to work. In June, the region had already shown signs of a recovery with flash PMIs (Purchasing Managers’ Index) hitting 47.5 — up from 31.9 in May. A reading below 50 indicates an economic contraction. However, the […] Read more
DUBAI, United Arab Emirates — The UAE has successfully launched its Mars probe, named Hope, making history as the Arab world’s first interplanetary mission. “We have lift-off. H2A, the rocket carrying the Hope Probe to space, has launched from the Tanegashima Space Centre in Japan,” the official account Hope Mars Mission tweeted early Monday morning. “The […] Read more
Hackers linked to Russian intelligence services are trying to steal information about coronavirus vaccine research in the U.S., Canada and U.K., security officials said Thursday. Officials said a group known as APT29 — also known as “Cozy Bear” — was likely to blame for the attack. That assessment has been backed by the U.S. Department […] Read more
A European court has annulled the European Commission’s decision to request Apple pay 13 billion euros ($15 billion) in unpaid taxes to Ireland. The European Commission, the executive arm of the EU, concluded in August 2016 that the Irish government granted illegal tax benefits to Apple and ordered it to recover 13 billion euros. At the time, the […] Read more
“Vaccine nationalism” is turning the search for a Covid-19 cure into an arms race, which will ultimately damage the economy and public health, experts have warned. Analysts at Eurasia Group speculated that tension over a vaccine would heat up over the summer, predicting a battle for access that will stretch into 2021 or 2022. “Countries […] Read more
U.K. Finance Minister Rishi Sunak will deliver a fresh set of policy initiatives on Wednesday as Britain looks to spark an economic recovery from the coronavirus pandemic. The “Summer Economic Update,” a de-facto mini-budget, is expected to include tax cuts and new spending pledges in a bid to stimulate demand as the U.K. economy begins […] Read more
Britain is set to phase out Huawei equipment from its 5G mobile networks this year, the U.K. press reported over the weekend. If so, it marks a major U-turn in the government’s position on the Chinese telecommunications giant. The government is drawing up plans to strip Huawei gear from Britain’s next-generation networks by the end […] Read more
Increased uncertainty in the jobs market, caused by the economic downturn from the coronavirus pandemic, makes re-entering education to boost your employment opportunities all the more appealing. Masters of Business Administration (MBAs) are known the world over for improving the employability and potential salary of graduates. And executive MBAs, which are predominantly studied on a […] Read more
Hey, she said she wouldn’t lie. Press Secretary Kayleigh McEnany and President Trump were clowned on social media Tuesday after McEnany said “The president does read,” at a press conference and described Trump as “the most informed person on planet Earth when it comes to the threats we face.” McEnany’s short-notice press conference came days after a report that […] Read more
U.S. policymakers could “change the world” by devaluing the dollar, one analyst has claimed. Speaking to“Squawk Box Europe” on Monday, independent macro advisor Hugh Hendry said quantitative easing programs — where central banks buy assets like government bonds to inject liquidity into the economy — were not working. Instead of targeting bonds as a form […] Read more
