Economics

Ms Truss said: 'Negotiations have been positive and productive, and we have reached consensus on the major elements of a deal – including ambitious provisions in areas like digital, data and financial services that go significantly beyond the EU-Japan deal.  … [Read more...] about Japan says it hopes to have an outline trade deal with the UK sealed by the end of AUGUST in a major post-Brexit economic boost for Boris Johnson

He made clear that the UK would have to follow EU law if it wished to remain a member of the single market during the transition period. This reinforces comments by Malta’s prime minister, Joseph Muscat, who said this week that the European court of justice would be “dishing out judgements” to the UK during any transition period. … [Read more...] about EU negotiator wants ‘special’ deal over access to City post-Brexit

For the first time in millennia of economic events, the coronavirus pandemic could prove the first big-data recession – trackable in real time. “It’s unique in many respects,” says Ruth Gregory, UK economist at consultancy Capital Economics. “In previous recoveries we didn’t have as much real-time information, so that has been a useful early indicator of where we’re heading.” … [Read more...] about Recession in real time: how big data can track the Covid slump

But after five months of living in the hotel, as a tidal wave of coronavirus cases was sweeping across the nation, Hoffman's feelings about the arrangement changed. She said that because she was paid by the room, not by the hour, her pay cheques mostly went back to the hotel. As tourism ground to a halt, there were fewer and fewer rooms to clean, and the cheques got even smaller. Hoffman became nervous about cleaning strangers' rooms, and bringing the virus home to her six-year-old and 19-year-old daughters. So she put in her two weeks' notice. … [Read more...] about Coronavirus: Why US is expecting an ‘avalanche’ of evictions

Will coronavirus change America's jobless stigma? Coronavirus could ‘drag on US economy for a decade' When Congress boosted the payments by $600 a week in March, it nearly tripled the average benefits payment. The move meant recipients could claim roughly the equivalent of the country's median wage of about $975. … [Read more...] about The millions ‘hanging by a thread’ as coronavirus aid expires