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(Reuters) – The Biden administration will pledge $4 billion to a vaccination program for poorer countries at a global economic summit on Friday in hopes that other countries will follow suit and contribute additional funds, U.S. officials said on a Thursday press call. At a meeting of the Group of Seven nations, buy zma-power coupon […]

U.K. Heads for Deeper Double Dip Recession With Third Lockdown

Britain is headed for a sharper double-dip recession after Prime Minister Boris Johnson plunged the nation back into a lockdown with no clear end. Economists said the action, announced Monday to prevent the health service from being overwhelmed by surging coronavirus infections, all but certainly means the U.K. economy will shrink in the first quarter. […]

U.S. Stimulus Confusion, Shipping Fatigue, Brexit Talk: Eco Day

In this article Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: President Donald Trump injected confusion into the outlook for Covid-19 relief on Tuesday night, demanding changes to the bipartisan legislation approved by Congress less than 24 hours earlier. Elsewhere, the U.S. economy has […]

Buying More Bonds; Boris to Brussels; Iron-Ore Irony: Eco Day

In this article Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: Global central banks are embarking on fresh waves of bond-buying to fight the fallout from the pandemic, despite mounting claims that the policy is losing its power to boost the economy The U.K. […]

UK public’s £100bn Covid savings could help recovery, says Haldane

Excess savings of about £100bn built up by UK households during Covid-19 lockdowns are now being spent and could speed up Britain’s economic recovery, according to the Bank of England’s chief economist. Andy Haldane told the Daily Mail there was “huge pent-up demand”, and that a big spending spree could help the economy bounce back […]

Great Accelerator, Woes Eclipse Vaccine, Housing Frenzy: Eco Day

Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: The Covid-19 pandemic was supposed to put the final nail in the coffin of globalization and prompt a retreat into protectionism. Instead, some are now calling the crisis the Great Accelerator The Fed is in no […]

UK inflation rises on back of increase in clothing prices

UK inflation rose by more than expected in October, fuelled by an increase in clothing prices. The Office for National Statistics (ONS) said the consumer prices index (CPI) rose to 0.7% in October from 0.5% a month earlier as clothing prices increased, returning to a more normal seasonal pattern after the disruption this year. City […]

EU Pandemic Funds, U.K. Youth Hit, Central Bank Shift: Eco Day

Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: As the European Union seeks to disburse funds from its pandemic-recovery program, some of the hardest-hit countries are struggling to work out how to keep their finances in check once they take on billions of euros […]

UK borrowing on course to exceed £1bn a day but markets unperturbed

Halfway through the 2020-21 financial year the question is not whether the UK deficit is on course for a peacetime high but by just how much the previous record will be broken. By some distance, is the answer. The bare figures are as follows. In September alone the government ran a deficit of £36bn, a […]

U.S. Covid Costs, Business Optimism, Argentina Recovery: Eco Day

Welcome to Tuesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: The Covid-19 pandemic will exact a $16 trillion toll on the U.S. — four times the cost of the Great Recession — when adding the costs of lost lives and health to the direct economic impact, […]