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April 14, 2021

Economy

Maldives to offer holidaymakers vaccines on arrival in a push to revive tourism

CNBC
CNBC – For more and to sign up click here Maldives will soon offer visitors vaccinations on arrival as part of its three-pronged initiative aimed at reviving the country’s hard hit travel sector, according to its tourism minister. The “3V” strategy, which encourages tourists to “visit, vaccinate, and vacation,” will......

BOJ’s Kuroda warns of lingering COVID pain on economy

Reuters
FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, Japan, January 21, 2020. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s economy was picking up but any recovery was likely to be modest due to lingering caution over the coronavirus pandemic, Bank of Japan Governor Haruhiko......

The Cheesecake Factory tries to bounce back from Covid-19

CNBC
CNBC – For more and to sign up click here Americans love The Cheesecake Factory.  The restaurant known for its massive 21-page menu and dozens of dessert options is ranked as one of the top casual dining restaurants in the U.S. by trade publication Nation’s Restaurant News. The company reported......

Restaurants see diners return, but feel a labor crunch as hiring becomes a top priority

CNBC
CNBC – For more and to sign up click here Daniel Halpern is looking to hire 800 workers, and it hasn’t been easy. Halpern is CEO of Jackmont Hospitality, an Atlanta-based foodservice company that franchises about 45 restaurants including TGI Fridays across the country. Diners are returning. But Halpern hopes......

Stocks making the biggest moves in the premarket: Goldman Sachs, Bed Bath & Beyond, JetBlue & more

CNBC
CNBC – For more and to sign up click here Here are some of the companies making headlines in premarket trading: Goldman Sachs (GS) — Goldman shares rose more than 1% in premarket trading after the company’s first-quarter results handily topped Wall Street’s expectations. The bank earned $18.60 per share,......

OECD backs Biden’s plan to raise the minimum wage

CNBC
CNBC – For more and to sign up click here Workers repair glass on the East Front rotunda doors that was damaged during the January 6 attack on the US Capitol on February 08, 2021 in Washington, DC. Tasos Katopodis | Getty Images LONDON — The U.S. should go ahead......

International travel is getting easier — except for the unvaccinated

CNBC
CNBC – For more and to sign up click here Traveling abroad is getting less complicated for vaccinated travelers.   A growing list of countries is reducing or eliminating quarantine and Covid-19 testing requirements for those who have been fully vaccinated, while keeping restrictions in place for those who haven’t.......

IMF says Japan’s economy can weather change of plan in Olympics

Reuters
TOKYO (Reuters) -Cancelling or postponing the Tokyo Olympics Games probably will not hurt Japan’s economy much, but may require the government to offer targeted support for hard-hit small firms, a senior International Monetary Fund official said. FILE PHOTO: The giant Olympic rings are silhouetted in the sunset, amid the coronavirus......

Surprise drop in Japan machinery orders stokes recovery fears

Reuters
TOKYO (Reuters) – Japan’s core machinery orders unexpectedly fell the most in about a year in February, government data showed, dashing hopes for a pick-up in capital expenditure needed for a private sector-led recovery from the coronavirus-induced slump. FILE PHOTO: Smoke rises from a factory during the sunset at Keihin......

Singapore’s economy grew 0.2% on-year in the first quarter of 2021, beating expectations

CNBC
CNBC – For more and to sign up click here A man with a mask on taking a walk at Marina Bay Sands in Singapore’s central business district seen in the background on April 1, 2020. Suhaimi Abdullah | Getty Images SINGAPORE — Singapore’s economy unexpectedly grew 0.2% in the......

Five signs of a rebounding economy from U.S. CPI

Reuters
FILE PHOTO: People shop, during the coronavirus disease (COVID-19) pandemic, on 5th Avenue in New York, U.S., February 17, 2021. REUTERS/Brendan McDermid/File Photo U.S. Markets Reuters Staff (Reuters) – U.S. consumers footed notably higher prices in March with headline inflation accelerating by the fastest in more than eight years, Labor......

S&P futures cut losses after tame inflation report, Nasdaq futures rise

CNBC
CNBC – For more and to sign up click here U.S. stock futures gyrated on Tuesday after a March inflation report turned out not as bad as some traders feared but the impact of a halt to the rollout of Johnson & Johnson vaccines kept optimism in check. Futures tied......

Consumer prices rise more than expected on jump in gas prices and as recovery heats up

CNBC
CNBC – For more and to sign up click here Consumer prices shot higher in March, given a boost both by a strong economic recovery and year-over-year comparisons to a time when the Covid-19 pandemic was about to throttle the U.S. economy, the Labor Department reported Tuesday. The consumer price......

India’s second wave of coronavirus poses credit-negative threat – Moody’s

Reuters
BENGALURU (Reuters) – A second wave of coronavirus infections in India and new restrictions imposed to contain the surge pose a credit-negative threat and risks weakening the country’s economic recovery, Moody’s Investors Service said. FILE PHOTO: People walk at a crowded market amidst the spread of the coronavirus disease (COVID-19),......

Exports shielded China’s economy in 2020, but they won’t drive as much growth this year

CNBC
CNBC – For more and to sign up click here Containers and trucks at the port of Qingdao, China on February 14, 2019. Reuters BEIJING — China’s economy was buoyed by strong exports last year, but that boost is waning. The country’s customs agency said Tuesday that in dollar terms,......

Retailers look to innovate and tempt customers back to physical stores

CNBC
CNBC – For more and to sign up click here A shopper browsing through secondhand clothes at a pop-up swap event in Singapore. CATHERINE LAI | AFP | Getty Images LONDON — The future of physical stores has been called into question by the coronavirus pandemic, but experts believe the......

BOJ’s Kuroda says weak yen promises to benefit Japan’s economy

Reuters
FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda wearing a protective face mask attends a news conference as the spread of the coronavirus disease (COVID-19) continues in Tokyo, Japan, April 27, 2020, in this photo released by Kyodo. Mandatory credit Kyodo/via REUTERS TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda......

UK economy to return to pre-COVID-19 level around mid-2022: Reuters poll

Reuters
LONDON (Reuters) – Britain’s economy will be back to its pre-COVID-19 level around the middle of next year, according to economists in a Reuters poll who said unemployment would peak at 6.2% as 2021 draws to a close and the pandemic job support scheme ends. FILE PHOTO: The City of......

CEO of a top bitcoin exchange warns a crackdown on cryptocurrencies may be coming

CNBC
CNBC – For more and to sign up click here Yuriko Nakao | Getty Images Governments around the world may start to clamp down on the use of bitcoin and other cryptocurrencies, the CEO of a top crypto exchange has warned. A number of officials — from U.S. Treasury Secretary......

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