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April 14, 2021

Economy

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

CNBC
by CNBC04
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......
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BOJ’s Kuroda warns of lingering COVID pain on economy

Reuters
by Reuters00
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......
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The Cheesecake Factory tries to bounce back from Covid-19

CNBC
by CNBC013
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......
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Restaurants see diners return, but feel a labor crunch as hiring becomes a top priority

CNBC
by CNBC023
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......
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Stocks making the biggest moves in the premarket: Goldman Sachs, Bed Bath & Beyond, JetBlue & more

CNBC
by CNBC018
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,......
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OECD backs Biden’s plan to raise the minimum wage

CNBC
by CNBC026
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......
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International travel is getting easier — except for the unvaccinated

CNBC
by CNBC047
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.......
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IMF says Japan’s economy can weather change of plan in Olympics

Reuters
by Reuters00
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......
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Surprise drop in Japan machinery orders stokes recovery fears

Reuters
by Reuters00
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......
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Singapore’s economy grew 0.2% on-year in the first quarter of 2021, beating expectations

CNBC
by CNBC026
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......
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Five signs of a rebounding economy from U.S. CPI

Reuters
by Reuters00
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......
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S&P futures cut losses after tame inflation report, Nasdaq futures rise

CNBC
by CNBC030
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......
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Consumer prices rise more than expected on jump in gas prices and as recovery heats up

CNBC
by CNBC026
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......
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India’s second wave of coronavirus poses credit-negative threat – Moody’s

Reuters
by Reuters00
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),......
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Exports shielded China’s economy in 2020, but they won’t drive as much growth this year

CNBC
by CNBC019
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,......
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Retailers look to innovate and tempt customers back to physical stores

CNBC
by CNBC025
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......
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BOJ’s Kuroda says weak yen promises to benefit Japan’s economy

Reuters
by Reuters01
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......
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UK economy to return to pre-COVID-19 level around mid-2022: Reuters poll

Reuters
by Reuters01
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......
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CEO of a top bitcoin exchange warns a crackdown on cryptocurrencies may be coming

CNBC
by CNBC01
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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