Tags: Economy

Home working and local lockdowns hindering jobs recovery, research suggests

Job vacancies have fallen by nearly 50 per cent across the UK as home working and local lockdowns continue to hinder recovery, according to new research. Aberdeen recorded the sharpest decrease of any area with a 75 per cent decline in work postings compared to last year. Edinburgh, Belfast and the West Sussex town of…

Trump bans American investments in Chinese companies that would aid PLA

Washington : US President Donald Trump has signed an executive order banning Americans from investing in 31 Chinese firms that the administration says are owned or controlled by the Chinese military. The Executive Order, which was signed by Trump on Thursday, prohibits certain purchases involving publicly traded securities or any securities that are derivative of…

Rising stock market means ordinary workers are ‘screwed’ says Nobel prize-winning economist

Soaring global stock markets during the coronavirus pandemic are a worrying sign that corporations are going to boost their profits by crushing ordinary workers’ wages when the crisis is over, the Nobel economic prize winner and inequality expert Sir Angus Deaton has warned. Global stock markets collapsed in March when the pandemic was declared but…

Is Mnuchin trying to sabotage the economy?

As the economic outlook worsens, Steven Mnuchin is “stripping lifeboats from the Titanic,” said Elliot Smith at CNBC. That’s how one economist described the Treasury secretary’s decision to end several of the Federal Reserve’s emergency lending programs by Dec. 31. The $650 billion in potential aid put in place by the CARES Act could soon…