Sterling had a strong first quarter, supported by dwindling expectations of negative interest rates. And by a fast roll-out of vaccinations against COVID-19 across Britain. As shops, hairdressers, gyms, and pub gardens re-open across England, analysts expect a faster economic recovery in the UK. More than the European Union, which is struggling to contain a devastating … [Read more...] about UK Bounces Back From Recession, Pound Jumps Ahead US Dollars
Economy
New Zealand-Australia Bubble Now Open, Expects to Help Economy of Both Countries
Hundreds of Australian passengers on Monday were greeted at Auckland Airport with welcome signs and live music. New Zealand opened its doors to quarantine-free travel from its bigger neighbor for the first time since COVID-19. It brought the world to a standstill in March 2020. NZ-Australia Travel Bubble The two-way "trans-Tasman travel bubble" officially began at 11:59 … [Read more...] about New Zealand-Australia Bubble Now Open, Expects to Help Economy of Both Countries
Spain Wants Four Day Work Week, Seeing If It Doesn’t Affect Economy
Spain is about to ask hundreds of companies to join in one of the biggest-ever tests of whether a four-day workweek can be implemented without harming the economy. Spain's Four Day Work Week While initiatives elsewhere have largely been small-scale and started by individual businesses, Prime Minister Pedro Sanchez’s administration has agreed to put 50 million euros ($59 … [Read more...] about Spain Wants Four Day Work Week, Seeing If It Doesn’t Affect Economy
China’s Stable Market Threatens Europe’s Economy
The protected Chinese home market has important consequences beyond revenues foregone. It is also an opportunity for Chinese firms to leverage the vast size of China’s market. To build scale, amass profit, and improve productivity, technical capabilities, and product design and quality. This is all with limited or no pressure from foreign competition. China's Threats … [Read more...] about China’s Stable Market Threatens Europe’s Economy
Italy’s Economic Recovery Plan Encouraged to Include Communities
For months now, public debate about Italy’s post-pandemic economic recovery has focused on an upcoming deadline. On April 30, the country must submit a “recovery and resilience plan” to the European Commission to access funds from its Next Generation EU program. Italy's Economic Recovery Italy will need to take the environment into account. The program is a key element … [Read more...] about Italy’s Economic Recovery Plan Encouraged to Include Communities