Medium businesses added 79,000 jobs, and small businesses added employees 52,000. The figure, well below the forecast of 1.17 million by economists surveyed by Dow Jones, indicates an employment growth mainly in the service providing sectors, which added 389,000 jobs in the month. [Full Article...]
Westpac chief economist Bill Evans said the June quarter national accounts were "devastating but not an unexpected collapse". The recession is a remarkable turn for Australia's economy, which had enjoyed a 29-year run of economic growth. The Government's response to support Australian households and businesses resulted in record payments from the public to the private sectors. The government d... [Full Article...]
Unveiling the plan, whose €100bn price tag is the equivalent of 4% of France's annual economic output, Prime Minister Jean Castex said it was nearly four times bigger than the rescue strategy implemented after the financial crisis of 2008. [Full Article...]
It's introducing a hybrid Jeep Compass and Jeep Renegade in Europe and plans to debut a hybrid version of the Wrangler , dubbed 4x4e, on Thursday. Electric mode prioritised battery power until it is almost depleted, or when the driver demands greater outputs, such as when wide-open throttle is used. [Full Article...]
While the monthly snapshot from the Labor Department shows improvement, job growth has slowed since June, in a sign of what could be a long and painful recovery from the pandemic recession. Statistics Canada will report this morning how well the country's job market fared in August. August marks the fourth consecutive month of job gains and declining unemployment since the USA economy bottomed o... [Full Article...]
President Donald Trump has ordered TikTok's parent company Bytedance to sell its United States assets. Mukesh Ambani-led Reliance Jio was being seen as a logical suitor for TikTok as it does not have any social media platform yet. Microsoft is working on its bid with Walmart Inc., while Oracle has won support from venture backers such as Sequoia Capital. It is unclear which group SoftBank is n... [Full Article...]
A rapidly expanding government deficit means more USA borrowing, and the CBO projects debt held by the public will increase to US$33.5 trillion at the end of 2030, or 109 per cent of GDP. "While Congress must focus on addressing the pandemic and recession, the projected doubling of the national debt through 2030 should scare taxpayers", said Brian Riedl , a budget expert at the libertarian-leanin... [Full Article...]
FSB Scotland has called for the scheme to be extended in Aberdeen which has missed out because of the lockdown imposed on the city. It also saw the number of people eating in restaurants from Monday to Wednesday increase by an average of 27% year-on-year. [Full Article...]
Medium businesses added 79,000 jobs, and small businesses added employees 52,000. The figure, well below the forecast of 1.17 million by economists surveyed by Dow Jones, indicates an employment growth mainly in the service providing sectors, which added 389,000 jobs in the month. [Full Article...]
Westpac chief economist Bill Evans said the June quarter national accounts were "devastating but not an unexpected collapse". The recession is a remarkable turn for Australia's economy, which had enjoyed a 29-year run of economic growth. The Government's response to support Australian households and businesses resulted in record payments from the public to the private sectors. The government d... [Full Article...]
Unveiling the plan, whose €100bn price tag is the equivalent of 4% of France's annual economic output, Prime Minister Jean Castex said it was nearly four times bigger than the rescue strategy implemented after the financial crisis of 2008. [Full Article...]
It's introducing a hybrid Jeep Compass and Jeep Renegade in Europe and plans to debut a hybrid version of the Wrangler , dubbed 4x4e, on Thursday. Electric mode prioritised battery power until it is almost depleted, or when the driver demands greater outputs, such as when wide-open throttle is used. [Full Article...]
While the monthly snapshot from the Labor Department shows improvement, job growth has slowed since June, in a sign of what could be a long and painful recovery from the pandemic recession. Statistics Canada will report this morning how well the country's job market fared in August. August marks the fourth consecutive month of job gains and declining unemployment since the USA economy bottomed o... [Full Article...]
President Donald Trump has ordered TikTok's parent company Bytedance to sell its United States assets. Mukesh Ambani-led Reliance Jio was being seen as a logical suitor for TikTok as it does not have any social media platform yet. Microsoft is working on its bid with Walmart Inc., while Oracle has won support from venture backers such as Sequoia Capital. It is unclear which group SoftBank is n... [Full Article...]
A rapidly expanding government deficit means more USA borrowing, and the CBO projects debt held by the public will increase to US$33.5 trillion at the end of 2030, or 109 per cent of GDP. "While Congress must focus on addressing the pandemic and recession, the projected doubling of the national debt through 2030 should scare taxpayers", said Brian Riedl , a budget expert at the libertarian-leanin... [Full Article...]
FSB Scotland has called for the scheme to be extended in Aberdeen which has missed out because of the lockdown imposed on the city. It also saw the number of people eating in restaurants from Monday to Wednesday increase by an average of 27% year-on-year. [Full Article...]