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[l] at 10/25/20 4:00pm

China’s top leaders will chart the country’s economic course for 2021-2025 at a key meeting starting on Monday, seeking to balance growth and reforms to avoid stagnation amid an uncertain global outlook and deepening tensions with the United States. President Xi Jinping and members of the Central Committee, the largest of the ruling Communist Party’s ...

The post China to set five-year plan for steering economy through choppy waters first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 10/25/20 4:00pm

China’s third-quarter gross domestic product (GDP) growth was 4.9%, slightly lower than the market expectation. According to some Chinese economists, the less-than-expected growth rate could not reflect whether the economy was strong or weak. ‘The growth rate cannot fully explain the challenges the Chinese economy is facing,’ Li Xunlei, vice-chairman of China Chief Economist Forum ...

The post China should step up economic structure reforms first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 10/25/20 4:00pm

Weekly data on the U.S. recovery remained tepid as the coronavirus pandemic continued a fall surge across much of the United States. Estimates of retail foot traffic from Safegraph here and Unacast here, based on cell phone data gathered by the company, both turned higher over the past week. But visits to restaurants fell, according ...

The post U.S. economy's 'trudge' continues as virus counts surge first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 10/25/20 4:00pm

Industry body PHDCCI expects India’s GDP to contract by 7.9 per cent in the current financial year and grow by 7.7 per cent in 2021-22, assessing that the worst is over and the economy is on the verge of a slow recovery. The chamber, however, stated that unemployment remains a key challenge to be addressed ...

The post India economy on verge of slow recovery as worst is over: PHDCCI first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/25/20 4:00pm

Investors are gauging whether a rally in bond yields to their highest in months can run further, as markets increasingly price in chances that a fiscal stimulus deal is signed in Washington regardless of who wins the Nov. 3 election. Benchmark 10-year Treasury yields, which move inversely to bond prices, rose to 0.8682% Friday morning, ...

The post Stimulus-fueled rally in Treasury yields may have room to run, investors say first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/25/20 4:00pm

Britain and Japan formally signed a trade agreement on Friday, marking Britain’s first big post-Brexit deal on trade, as it continues to struggle to agree on a deal with its closest trading partners in the European Union. Britain formally left the EU in January and it has focused on negotiating new trade pacts with countries ...

The post Britain signs first major post-Brexit trade deal with Japan first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/25/20 4:00pm

With the year of 2020 drawing to an end under the shadow of the COVID-19 pandemic, China is preparing for its new Five-Year Plan for 2021-2025, its 14th blueprint to guide the world’s second largest economy in the next five years. What is a ‘Five-Year Plan’? The Five-Year Plans (FYPs), also known as five-year plans ...

The post CGTN Explains: How China steers its economy through Five-Year Plans first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/25/20 4:00pm

Standard and Poor’s on Friday revised Italy’s sovereign outlook to stable from negative, offering some unexpected good news for the euro zone’s third largest economy, and affirmed its long- and short-term credit rating at “BBB/A-2”. The ratings agency said Italy’s outlook balances the negative consequences of the coronavirus pandemic on public finances against the extraordinary ...

The post S&P gives respite to Italy with surprise upgrade to rating outlook first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/25/20 4:00pm

The governor of Iran’s central bank has announced plans to increase the use of oil-for-goods agreements between Iran and other countries, official news agency IRNA reported Saturday. “The use of barter exchanges of oil for basic goods essential for the country will be expanded, along with current trade methods, to increase the volume of foreign ...

The post Iran eyes further development of oil-for-goods trade first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/23/20 3:00pm

The world’s tech giants are stepping up to reskill workers for the new economy. While some sectors are facing heavy unemployment due to the COVID-19 pandemic, technology has thrived. Amazon, Apple, Alphabet, Microsoft and Facebook all saw an increase in revenue in the first six months of 2020 year-on-year. But, the International Labour Organization has ...

The post These tech giants want to help prepare the world for the future of work first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/23/20 3:00pm

Anglo-Dutch consumer goods company Unilever said its India business did well during the July-September quarter as pick-up in economic activity after a strict lockdown helped the company with sales of hygiene and food and refreshment products. On Thursday, Unilever said underlying sales rose 4.4% year-on-year as it reported strong than expected growth in the third ...

The post Over the hump now in India in terms of economy, market growth: Unilever first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/23/20 3:00pm

Due to the impact of the global health crisis on our economy, countless businesses are laying people off, yet in the same breath are asking their remaining staff to “trust them” and work even harder. These companies are failing to see that their fate and ability to survive in this climate is determined by those ...

The post How To Be A Great Leader And Have Loyal Customers In Any Economy first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/23/20 3:00pm

Japan’s factory output likely grew for a fourth straight month in September thanks to a recovery in external demand as economic activity gradually picked up, a Reuters poll found on Friday. But retail sales likely fell for the seventh straight month last month, suggesting a patch recovery as the pandemic hammered the broader economy. Industrial ...

The post Japan September factory output to rise for fourth straight month: Reuters poll first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/23/20 3:00pm

Ireland’s foreign minister said on Friday he believed Britain and the European Union could reach a trade deal now the talks were back on track, but added the issues of fair competition and fisheries hampering an accord were “still very much there”. “When we got a deal done this time last year, a lot of ...

The post Brexit deal doable now process back on track - Irish foreign minister first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/23/20 3:00pm

The world needs to be prepared for a “long slog ahead” as global markets attempt to recover from the COVID-19 pandemic, with central banks only able “to do so much,” said Randall Kroszner, former governor of the US Federal Reserve in an exclusive interview with Yahoo Finance UK. Market expectations need to be adjusted, he ...

The post Former US Fed governor warns global economy faces a 'long slog ahead' first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/23/20 3:00pm

France’s finance minister said its GDP will likely contract in the last three months of the year, adding that curfew measures put in place to contain the coronavirus would cost around two billion euros (1.8 billion pounds). “We’ll probably have a negative growth figure during the last quarter of the year. There will be a ...

The post French economy will contract in fourth-quarter, rebound seen in 2021 - Le Maire first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/23/20 3:00pm

Euro zone economic activity slipped back into decline this month as a second wave of the coronavirus sweeps across the continent, heightening expectations for a double-dip recession, surveys showed on Friday. Renewed restrictions to control the pandemic forced many businesses in the bloc’s dominant service industry to limit operations, and nearly 90% of economists polled ...

The post Euro zone economy at risk of double-dip recession: PMIs first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 10/23/20 3:00pm

The United States is bullying countries to pick sides over their ties to China, but such efforts will not succeed, Chinese foreign ministry spokesman Zhao Lijian told a news briefing on Friday. The United States is urging Sri Lanka to make “difficult but necessary choices” to secure its economic independence instead of choosing opaque practices, ...

The post China says U.S. bullying countries to pick sides, attempt will not succeed first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/23/20 3:00pm

Deutsche Bank analysts estimate that the costs to trade between Britain and the European Union will be high even if the two sides manage to strike a deal by the end of the year because of the impact of non-tariff barriers. “Tariffs make up only a small part of the direct trade cost from leaving ...

The post Brexit trade costs will be 'material' deal or no deal -Deutsche Bank first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 10/23/20 3:00pm

Britain and the European Union have made good progress in talks on a last-minute trade deal that would stave off a tumultuous finale to the five-year-old Brexit crisis, but fish is the biggest sticking point. The United Kingdom left the EU in January but the two sides are trying to clinch a deal that would ...

The post Back at the Brexit table, UK and EU try to land deal on fish first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 10/23/20 3:00pm

German private sector activity grew for the fourth month running in October, a survey showed on Friday, but while the manufacturing sector expanded at a faster rate, services activity shrank, suggesting Europe’s largest economy is operating at two speeds. Markit’s flash composite Purchasing Managers’ Index (PMI), which tracks the manufacturing and services sectors that together ...

The post German factories hum, services shrink in two-speed economy: PMI first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

As of 10/26/20 12:29am. Last new 10/25/20 7:00pm.

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