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[l] at 12/1/20 3:00pm

The coronavirus pandemic will further shift the global balance of power in Asia’s favour, German Chancellor Angela Merkel said on Tuesday, as the health minister said he expected Germany to start rolling out vaccinations by January. A member of the medical staff in a protective suit treats a patient suffering from the coronavirus disease (COVID-19) ...

The post COVID will help Asia advance economically on Europe, says Merkel first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

Cyber Monday will put retail websites and warehouses to their biggest test yet. The industry is bracing for what is likely to be the largest day for digital sales ever recorded in the United States, with spending expected to reach between $10.8 billion and $12.7 billion, according to Adobe Analytics. That would represent growth of ...

The post Cyber Monday sales could reach billion, testing everything retail learned during the pandemic first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

Though the price of the benchmark product hot-rolled coil (HRC) soared to a two-year high of Rs 47,000 per tonne in November, steelmakers may revise prices upward again, citing the costlier iron ore, their main raw material. Though trading of steel in the domestic market now is at par with the landed cost of imports ...

The post Steelmakers mull another price hike in December, watching ore market first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

European Union member states will soon agree on a disputed rule-of-law mechanism linked to the bloc’s recovery plan as all countries, including Poland and Hungary, would benefit from its approval, German Finance Minister Olaf Scholz said on Tuesday. Poland and Hungary have said they are open to new proposals aimed at resolving a row with ...

The post Germany's Scholz: No EU country would be "so unwise" as to block recovery plan first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

Lawmakers start a year-end sprint this week to keep the government running, provide more coronavirus aid and pass an annual defense bill, with President Trump’s focus on challenging his election loss injecting more uncertainty into the legislative outcome. As the pandemic surges nationwide, Democratic and Republican leaders are under increasing pressure from rank-and-file lawmakers to ...

The post Trump Is Wild Card in Coronavirus, Spending Talks first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

German unemployment fell unexpectedly in November despite a partial lockdown to contain a second wave of coronavirus infections in Europe’s largest economy, data showed on Tuesday. The labour office said the number of people out of work decreased by 39,000 in seasonally adjusted terms to 2.817 million. A Reuters poll had forecast a rise of ...

The post German unemployment falls further despite partial lockdown in November first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

A senior British minister said on Tuesday there was still a chance of a turbulent Brexit without a trade deal as talks with the European Union had snagged on fishing, governance rules and dispute resolution. Just 30 days before Britain leaves the EU’s orbit following a standstill transition period since it formally quit the bloc, ...

The post No-trade deal Brexit is still possible, UK minister says first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

British factories recorded their fastest growth in almost three years last month as they stockpiled raw materials and rushed to complete work before new post-Brexit customs rules come into force on Jan. 1, a survey showed on Tuesday. The IHS Markit/CIPS Purchasing Managers’ Index rose to 55.6 in November from 53.7 in October, its highest ...

The post UK factory PMI shows fastest growth since 2017 on no-deal stockpiling first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

The U.S. Labor Department is inaccurately estimating the number of people filing weekly claims for unemployment benefits during the pandemic, which could make it difficult for policymakers to respond to the crisis, a government watchdog said on Monday. The Government Accountability Office (GAO) in its latest report highlighted backlogs in processing a record volume of ...

The post U.S. weekly unemployment claims data flawed: government watchdog first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

India’s manufacturing recovery faltered in November as coronavirus fears weighed on demand and output, prompting firms to cut jobs for the eighth month in a row, a survey showed. Asia’s third-largest economy and the second most affected country by the pandemic contracted 7.5% in the July-September quarter, compared to a record 23.9% slump in the ...

The post India's factory recovery stumbled in November as COVID-19 fears remain first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

Italy’s economic surge in the third quarter wasn’t as high as previously estimated, data from the country’s statistics office Istat showed Tuesday. In the July-September period, Italy’s gross domestic product increased by 15.9% compared with the previous quarter amid the reopening of the economy–0.2 percentage points less than the preliminary estimate of 16.1% released on ...

The post Italy's 3Q Economy Grew Slightly Less Than Estimated first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 52.1 in November, up from 51.4 in October, the National Bureau of Statistics (NBS) said on Nov 30. A reading above 50 indicates expansion, while a reading below reflects contraction. The November PMI, the highest seen this year, marked the ninth consecutive month ...

The post China's manufacturing PMI rises in November first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

Euro zone factory growth cooled last month as renewed coronavirus lockdown measures hurt demand, leaving the bloc lagging many Asian peers who recovered further from the COVID-19 crisis, surveys showed on Tuesday. Germany was the euro zone’s powerhouse, while in Asia Chinese factory activity accelerated at the fastest pace in a decade, energizing regional growth ...

The post Euro zone factories lagging Asia's recovery from COVID-19 crisis first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 12/1/20 3:00pm

With a month to go until the end of the post-Brexit transition period, there’s still no clarity about exactly how the UK’s borders will operate outside the EU’s economic zone – the single market and the customs union. The government says “huge advances” have been made in its preparations, but businesses that trade across the ...

The post Brexit: Will the borders be ready? first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

A China-Japan “fast track” for necessary personnel exchanges launched on Monday can further fuel bilateral cooperation to beat the COVID-19 pandemic and get work and production back on track. It remains fresh in memory that during the heyday of the outbreak, the two countries and peoples have offered each other heart-touching support as well as ...

The post China-Japan "fast track" adds gateway to stronger ties first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 12/1/20 3:00pm

China is expected to see an annual growth rate of 2.1 percent this year as the country is the first to achieve recovery in the world, according to a report by the Bank of China on Monday. China has launched a slew of policies to stabilize the economy and mitigate the severe impact of the ...

The post China's GDP to grow 2.1%, says Bank of China report first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 12/1/20 3:00pm

Euro zone inflation remained in negative territory for the fourth straight month in November, reinforcing European Central Bank concerns that the dip in prices may be more persistent than feared as deflationary forces intensify amid a deep recession. Annualised price growth in the 19 countries sharing the euro held steady at minus 0.3%, underperforming expectations ...

The post Euro zone inflation drop adds to ECB stimulus case first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 12/1/20 11:00am

Retailers worldwide have never had more reason to pack warehouses to the brim and keep stock closer to shoppers who continue to buy a record number of items online. As well as stocking up for Christmas and any potential coronavirus-related lockdowns, Europe and the UK will soon have Brexit to deal with. British companies are ...

The post Christmas, coronavirus and fear of no-deal Brexit push Europe's warehouses to the limit first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 12/1/20 7:00am

With time running very short to reach a deal on Britain’s future relationship with the European Union, some member states are growing impatient, German Chancellor Angela Merkel said, adding that failure to reach a deal would send a bad signal. She named governance, a competitive level playing field, Britain’s desire for access to the EU ...

The post Some EU members are growing impatient on Brexit: Merkel first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 12/1/20 7:00am

Continued strengthening ties between China and the Association of Southeast Asian Nations augur well for an even stronger partnership in the future, analysts say. At the opening ceremony of the 17th China-ASEAN Expo and China ASEAN Business and Investment Summit in Nanning on Friday, President Xi Jinping said the two sides enjoy growing connectivity, deepening ...

The post Golden days for China and ASEAN first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 12/1/20 7:00am

Italian Economy Minister Roberto Gualtieri signaled that he was ready to back a delayed reform of the euro zone ESM bailout fund, telling parliament that its approval would not mean Italy wished to use it. Euro zone countries agreed almost a year ago “in principle” on widening the responsibilities of the European Stability Mechanism (ESM) ...

The post Italy's economy minister signals he is ready to back ESM reform first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

As of 12/1/20 10:58pm. Last new 12/1/20 5:38pm.

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