Tag Archives: economy

Stocks wobble as investors weigh jobs, inflation reports

[ad_1] Stocks wobbled between small gains and losses Thursday in quiet trading as weakness in chipmakers offset gains by health care companies and other sectors. The S&P 500 index was up less than 0.1% as of 11:49 a.m. Eastern. The Dow Jones Industrial Average fell 110 points, or 0.3%, to …

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Cambodia’s nightlife scene tests COVID success | Coronavirus pandemic News

[ad_1] In March 2020, Cambodian authorities made it clear they would take no chances with COVID-19. Tourism visas were suspended. Land borders were closed, leaving citizens stranded. Curfews and domestic travel restrictions emptied the kingdom’s world-renowned archaeological sites of visitors and shut down once-bustling nightlife spots. For nearly a year, …

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Oil rises on U.S. fuel drawdowns despite surging Covid-19 cases

[ad_1] A worker pours liquid oil into a barrel Akos Stiller | Bloomberg | Getty Images Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week, reinforcing expectations that demand will outstrip supply growth even amid a surge in Covid-19 …

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Oil prices little changed as coronavirus and floods threaten demand

[ad_1] A heavy crude oil pump. James Hall | EyeEm | Getty Images Oil prices were little changed on Monday as investors balanced concerns about fuel demand from the spread of Covid-19 variants and floods in China against expectations of tight supplies through the rest of the year. Brent crude futures …

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Tunisians protest as COVID surges, economy suffers | Coronavirus pandemic News

[ad_1] Police used pepper spray on protesters in Tunis who threw stones and demanded Prime Minister Hichem Mechichi quit, parliament be dissolved. Police and protesters have clashed in several Tunisian cities as demonstrators demanding the government step down after a spike in COVID-19 cases that has aggravated economic troubles attacked …

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US prosperity weakened by COVID-19, mass shootings, report finds | Business and Economy News

[ad_1] The COVID-19 crisis has weakened prosperity in the United States, but even before the pandemic, mass shootings, elevated obesity levels and mental health issues had taken their toll on Americans’ quality of life, a report by the Legatum Institute published Thursday showed. The US remains one of the most …

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US extends coronavirus closures of borders with Mexico, Canada | Coronavirus pandemic News

[ad_1] Extension until at least August 21 comes days after Canada said it will ease restrictions for US travelers next month. The United States’ land borders with Mexico and Canada will remain closed to non-essential travel for another month, the US Department of Homeland Security (DHS) has announced, just days …

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Nowhere to go: Brazil’s COVID ‘refugees’ struggle after eviction | Coronavirus pandemic News

[ad_1] Itaguai, Brazil – Miani Cristina once considered herself lucky. Her employer had kept her on during Brazil’s devastating first wave of COVID-19 infections in 2020. Her monthly income of just over 1,000 reais ($190) and a monthly handout from the government of 41 reais ($8) had kept her and …

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Covid-19 has destroyed 22 million jobs in advanced countries

[ad_1] A worker wearing a protective mask, gloves and a face shield disinfects a checkout counter inside an Ikea store. Bloomberg | Getty Images As many as 22 million jobs have been lost in advanced economies due to the Covid-19 pandemic, the Organisation for Economic Cooperation and Development said Wednesday. …

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India’s billionaires Ambani and Adani got richer while coronavirus pushed millions into poverty

[ad_1] But as these Indians struggle to live on a few dollars a day, the country’s ultra-wealthy have gotten even richer and more influential, as their combined fortunes have soared by tens of billions of dollars in the last year. Mukesh Ambani — chairman of the sprawling conglomerate Reliance Industries …

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