Guardians of World Economy See Long Road for Pandemic Recovery

© Reuters. Guardians of World Economy See Long Road for Pandemic Recovery (Bloomberg) — The guardians of the global economy this week implored governments to act to avoid a two-speed rebound where vaccinated, rich nations recover more strongly from the pandemic than poorer countries languishing under the burden of disease and debt. The International Monetary […]

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Economy in focus, Argentina’s pandemic strategy shifts for second wave

© Reuters. FILE PHOTO: People wearing faces mask as a protection against the coronavirus disease (COVID-19) wait for the bus, in Buenos Aires By Agustin Geist BUENOS AIRES (Reuters) – Argentina’s President Alberto Fernandez was clear when COVID-19 first hit the country early last year: saving lives at all costs trumped any economic concerns. Now […]

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Brazil FX in somber mood as pandemic roars on, pressure mounts on government: Reuters poll

© Reuters. FILE PHOTO: Brazilian Real and U.S. dollar notes are pictured at a currency exchange office in Rio de Janeiro By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s real is starting the second-quarter in a somber mood as the coronavirus pandemic continues to wreak havoc in Latin America’s biggest economy and as pressure builds […]

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Thailand loses 1.45 million tourism jobs from pandemic: tourism group

2/2 © Reuters. FILE PHOTO: People enjoy Cha-am Beach in Phetchaburi province 2/2 BANGKOK (Reuters) – Thailand has lost about 1.45 million tourism jobs during the coronavirus pandemic, including 400,000 in the first quarter, a private tourism group said on Monday, as the country gets ready to reopen to visitors to try to rescue the […]

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Analysis: One year into pandemic, the art world adapts to survive

4/4 © Reuters. FILE PHOTO: A visitor looks inside “Stacked” by Chinese artist Ai Weiwei at Art Unlimited exhibition at the Art Basel fair in Basel 2/4 By Brenna Hughes Neghaiwi and Barbara Lewis ZURICH (Reuters) – The hubbub that descends each summer on a sleek exhibition hall in Basel, where collectors snap up art […]

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Brent hits $70 for first time since pandemic began after Saudi attack

2/2 © Reuters. A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport 2/2 By Noah Browning LONDON (Reuters) – Oil prices climbed above $ 70 a barrel for the first time since the start of the coronavirus crisis, after […]

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Pandemic tames Airbnb in Europe’s tourist hotspots – for now

2/2 © Reuters. FILE PHOTO: Augusta street is pictured during partial lockdown as part of state of emergency to combat the coronavirus disease (COVID-19) outbreak in Lisbon 2/2 By Victoria Waldersee LISBON (Reuters) – The COVID-19 pandemic has achieved what many mayors across Europe have tried and failed to do: wipe out tens of thousands […]

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UK’s Sunak to provide 5 billion pounds of grants to pandemic hit businesses in budget

2/2 © Reuters. FILE PHOTO: People shop at a market stalls, amid the coronavirus disease (COVID-19) outbreak, in east London 2/2 LONDON (Reuters) – British finance minister Rishi Sunak will announce 5 billion pounds ($ 7 billion) of additional grants to help businesses hit hard by pandemic lockdowns in his budget statement next week, the […]

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Oil set for steady gains as economies shake off pandemic blues: Reuters poll

2/2 © Reuters. FILE PHOTO: The price of gasoline is shown on a gas pump at an Arco gas station in San Diego 2/2 By Sumita Layek and Bharat Gautam (Reuters) – Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming […]

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Valentino is sued for $207 million after shutting Manhattan boutique over pandemic

© Reuters. Designer Valentino shoes are seen on display at the Nordstrom flagship store is seen during a media preview in New York By Jonathan Stempel NEW YORK (Reuters) – Valentino SpA was sued on Friday for $ 207.1 million by the landlord of its former American flagship on Manhattan’s Fifth Avenue, which said the […]

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