Britain’s finance minister will announce more job protection plans on Thursday, likely to include a new wage subsidy scheme, to stem unemployment in the pandemic-ravaged economy after existing safeguards expire next month.
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A report by released by Intellidex Capital has warned that funding South African Airways (SAA) from the fiscus would have serious implications.
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Oil futures fell on Thursday on concerns the economic recovery in the United States, the world’s biggest oil consumer, is slowing as the coronavirus outbreak lingers and a resurgence in European cases led to new travel restrictions there.
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The dollar extended gains against most currencies on Thursday as signs of economic slowdown in Europe and the United States renewed concern about a second wave of coronavirus infections.
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While China’s coastal provinces and major cities are recovering from the coronavirus pandemic, firms in its poorer western and central provinces are falling well behind in metrics like output and sales revenue, a private survey showed on Thursday.
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German Economy Minister Peter Altmaier became the country’s second cabinet member to enter quarantine on Wednesday, writing that he would stay at home after coming into contact with the aide of another European Union minister who had tested positive.
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The coronavirus crisis is lasting longer than expected and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said on Wednesday.
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Canada’s Liberal government on Wednesday promised major new investments and policy initiatives to help the country recover from the coronavirus pandemic, saying “this is not the time for austerity”.
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Chinese telecom giant Huawei Technologies said on Wednesday its supply chain was under attack from the United States and called on Washington to reconsider its trade restrictions which were hurting suppliers globally.
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Oil edged up to around $42 a barrel on Wednesday, supported by rising investor risk appetite and a report that U.S. fuel inventories fell, although rising crude supply and concern of stalling demand capped gains.
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Durban businessman Thoshan Panday hopes the Supreme Court of Appeal might come to a different decision from the High Court in Pietermaritzburg which dismissed his corruption and fraud charges.
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Authorities at Durban’s King Shaka International Airport in Durban say strict lockdown regulations will be enforced as the country prepares to re-open its international borders on October 1st.
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The US dollar held onto gains against major currencies on Wednesday, supported by positive US economic data and concerns about a second wave of coronavirus infections in Europe and Britain.
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Britain’s supermarket sector will be a beneficiary of new curbs on the opening hours of bars and restaurants to tackle a fast-spreading second wave of COVID-19, analysts said on Tuesday.
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Argentina’s economy contracted a record 19.1% in the second quarter versus the same period a year earlier as the coronavirus pandemic crippled production and demand, though was slightly better than analyst forecasts.
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The automotive sector has recorded a 25 percent decline for the year to date compared to the same time last year.
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