"If that (household consumption) collapses because people just decide to save their money, then that will affect the number of jobs, amount of output in the economy," Andrew Kenningham, chief European economist at Capital Economics, told DW. "It certainly would run counter to efforts by the central banks and the government to get people to get the economy moving." … [Read more...] about Are thrifty Europeans holding back economic recovery?
Venezuela economic crisis 2016
“But Balpa has confidence in easyJet's business plan to get through this winter period and help power the UK's economic recovery in the coming months.” … [Read more...] about EasyJet is ‘hanging by a thread’ after being hit during coronavirus crisis, claims union official
Let’s not succumb to the notion that the government cannot afford to act, because ministers have said repeatedly: “Not acting in this crisis costs more than acting.” They are right. They are spending £9bn on the job retention bonus available from the end of January. Yet by failing to properly target it, they risk the funds going to firms that would have rehired people anyway, while others are forced to make cuts as they struggle throughout the winter. They talk of balancing the books, but simply letting the market adjust will mean people and the public purse will pay the consequences in lost businesses, jobs and higher unemployment. … [Read more...] about By deciding which jobs are ‘viable’, Sunak is leaving millions to sink or swim
Dev Sharma, 15, from Leicester, who is an ambassador for the Children’sRight2Food campaign, is on free school meals. He was inspired by how the footballer used his own experience of poverty to put the issue at the centre of public debate. “People dismiss food poverty, say it doesn’t exist in this country, but he’s changing that.” … [Read more...] about ‘He does not give up’: how Marcus Rashford became a hero to school kids
Nord Stream 2 is a gas pipeline linking Russia and Germany which is expected to be completed in 2021, but is currently marred by US sanctions. … [Read more...] about China close to ‘world domination’ and Merkel’s migrant policy gave jihadists ‘reservoir’ of recruits, ex-spy chief says