"Markets have closed on a positive note, after a volatile day of trade, in anticipation of GDP data due out later today. Global cues also were negative, following heightened US-China diplomatic issues, which offset stimulus news and economies opening up," Vinod Nair- Head of Research at Geojit Financial Services said. … [Read more...] about Taking Stock: Volatile Friday! Nifty reclaims 9,500; Sensex rallies over 200 points
The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6 percent last month. That was the biggest drop since the government started tracking series in 1959, and followed a 6.9 percent tumble in March. … [Read more...] about COVID-19 pandemic: US consumer spending tumble in April
Sweden has largely remained open while most of the countries observed an overall shutdown of business. Opting for the rather controversial approach of keeping restaurants, schools and parks open for public (while banning gatherings of more than 50 people and shutting museums), Sweden’s Chief Epidemiologist Anders Tegnell said that the country is focusing on long-term sustainability over drastic short-term tactics. In fact, Sweden’s ambassador to the United States said last month that the capital of the Nordic country, Stockholm, could reach Herd Immunity in May. … [Read more...] about In-Depth: Is Herd Immunity our best bet in the fight against coronavirus?
Roger Federer is the world's highest-paid athlete, says Forbes Indian carriers in 'survival' mode, need sustainable revival: IATA CEO Alexandre de Juniac Coronavirus wrap May 29: Jharkhand airlifts migrant workers from Leh; India's COVID-19 death toll surpasses that of China … [Read more...] about Portugal prepares to welcome back tourists, says no compulsory quarantine for those flying in
The COVID-19 pandemic has hit Spain particularly hard; there have been nearly 285,000 cases and more than 27,000 deaths. According to the Organization for Economic Co-operation and Development’s Better Life Index, Spain has a “considerable” gap between its richest and poorest, with the top 20% of the population earning nearly seven times as much as the bottom 20%. Even before the coronavirus crisis, Spain had one of the highest rates of unemployment in Europe, and the pandemic has worsened that. April’s World Economic Outlook forecast an unemployment rate of 20.8%. … [Read more...] about Spain creates a universal minimum income targeted at 2.3 million people