The rate of rebound in the US economy from the coronavirus-fueled slowdown slowed in the fourth quarter, weighed down by a deadly spate of cases during the holiday season. Gross domestic product grew 4 percent on an annualized basis, according to figures released Thursday by the US Department of Commerce.
The Scottish government will be able to borrow up to an additional £ 300million per year for three years and withdraw strategic reserves after forecasts of a sharp contraction in output this quarter met the criteria for a “Scottish-specific economic shock,” Finance Secretary Kate Forbes said Thursday.
EU Covid-19 vaccination plan nears crisis point after several regions suspended inoculations on the shortage of jabs and Brussels decided to restrict exports. A German commission has recommended that the Oxford / AstraZeneca jab not be used for people over the age of 65, putting pressure on the block’s vaccination effort.
Narendra Modi, the Indian Prime Minister, has pledged more coronavirus vaccines made in India as the South Asian country’s drive to vaccinate its population of 1.4 billion people accelerates. He said on Thursday that more than 2.3 million healthcare workers had been vaccinated against the coronavirus when the 12-day-old vaccine was deployed.
Healthcare worker waits for people at makeshift Covid-19 testing center at closed Frankfurt tequila bar during pandemic
Diageo’s US tequila sales jumped 80 percent in the last six months of 2020. Sales of one brand, Casamigos, more than doubled. The half-year sales growth therefore exceeded market expectations with North America – Diageo’s largest and most profitable market – with a rate of 12.3%.
Sky is set for a tough time in 2021 as rising costs and sport disruption linked to the pandemic continue to hamper the growth of the European broadcast and broadband group, its owner Comcast has warned. The UK-based company, acquired by Comcast in 2018, returned to growth in the last quarter of 2020.
Manfred Knof, new CEO of Commerzbank, will cut one in three jobs in Germany in a last attempt to turn around the fortunes of the ailing lender, whose shares have fallen 90% in the past decade. The bank said Thursday it had set aside 10,000 jobs to be cut over the next three years.
Governments and businesses in developing countries have sold a record $ 115.23 billion international bonds in the first 27 days of 2021, surpassing the previous monthly high of $ 112.78 billion set last January, according to Bond Radar. Cash-strapped governments had to increase borrowing as the pandemic weighed on public finances.