Thursday, April 15, 2021

Economy

After sanctions, Huawei turning to businesses less reliant on high-end U.S. tech

© Reuters. Huawei logo at Huawei Technologies France in Boulogne-Billancourt By David Kirton SHENZHEN, China (Reuters) -Chinese telecoms equipment maker Huawei Technologies is making business resilience its top priority with a push to develop its software capabilities as it seeks to overcome U.S. restrictions that have devastated its smartphone business. Huawei was put on an […]

Fed’s Powell: U.S. economy at an ‘inflection point’ – CBS ’60 Minutes’

2/2 © Reuters. FILE PHOTO: Chair of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing in Washington 2/2 By Dan Burns and Howard Schneider (Reuters) – The U.S. economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the months ahead, but also risks […]

Italy’s economy seen growing 4.1% this year, business lobby says

© Reuters. Outbreak of the coronavirus disease (COVID-19) in Rome ROME (Reuters) – Italy’s virus-hit economy is expected to grow 4.1% this year and 4.2% in 2022 in an “uncertain ascent from the abyss”, the country’s business lobby Confindustria said on Saturday. The Italian economy shrank by a post-war record of 8.9% last year, and […]

Commodities & Futures

Oil Down COVID-19 Remains a Threat to Fuel Demand Recovery

© Reuters. By Gina Lee Investing.com – Oil was down Monday morning in Asia, with U.S. Federal Reserve Chair Jerome Powell saying the U.S. economy was poised for stronger growth while also cautioning that COVID-19 remains a threat. inched down 0.06% to $ 62.91 by 13:14 AM ET (5:14 AM GMT), and the prompt timespread […]

Benin votes for president after week of violent protests

10/10 © Reuters. Britain’s Prince Philip and Prince Charles listen to speeches before the unveiling of a statue of Queen Elizabeth The Queen Mother in Poundbury 2/10 By Allegresse Sasse COTONOU (Reuters) – Benin votes on Sunday in a presidential election following a week of deadly protests against the incumbent Patrice Talon, who is heavily […]

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