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"As soon as people feel confident again interacting and being able to go about their business, I would not expect the economic fallout to last a lot longer than that,"
Source: World Economic Forum
Much has been said about the opportunities to reset that COVID-19 affords us. We can reset specific industries (such as aviation, healthcare and energy); the way financial systems work; the way we tackle climate change; and even...
While Americans of all ages are being hit hard by the economic upheaval sparked by the coronavirus outbreak, millennials are especially at risk
May 15, 2020 Coronavirus: What American workers should know about their rights as the economy reopens Denitsa Tsekova ReporterSource: Yahoo Money
Generally speaking, if the employer requires you to return to work, you must return to work,” said Daniel Feinstein, a labor and employment lawyer at Davis & Gilbert LLP, “unless you could show that there's an imminent danger of...
Sustainable finance is not new. Early calls for economic transactions to incorporate environmental, social, or governance (ESG) issues can be traced back as far as the Holy Books. But it would have been difficult to divine the...
May 15, 2020 Oil prices need to stay at this level through Q3 to rebalance this market: Goldman's CurrieSource: YouTube/CNBC
Jeff Currie of Goldman Sachs discusses the global demand outlook for oil and other major commodities as more countries begin to ease lockdown restrictions.
The findings back up other reports that show that lower-income Americans, as well as black and Hispanic people, are bearing the brunt of the outbreak's financial fallout. They are more likely to work in sectors that are laying...
Americans are slashing their spending, hoarding cash and shrinking their credit card debt as they fear their jobs could disappear during the coronavirus pandemic.’
May 14, 2020 US unemployment will still surge to 25% and growth is poised to be worse than feared: Goldman SachsSource: Yahoo Finance
The worst is far from over for a U.S. economy reeling from COVID-19 pandemic devastation, but Goldman Sachs believes light is starting to appear at the other end of the tunnel.
May 14, 2020 Unilever has pioneered sustainable business for the last decade. But has it done enough?Source: Eco-Business
The corporate world’s sustainability darling is the biggest buyer of palm oil and among the worst plastic polluters. Eco-Business looks at what it has achieved much over the last 10 years of its Sustainable Living Plan, and where...
May 14, 2020 Coronavirus may 'never go away,' says WHO officialSource: CNN
During a media briefing in Geneva, Dr. Mike Ryan, executive director of the WHO's health emergencies program, warned Wednesday that the disease may join the mix of viruses that kill people around the world every year,
May 13, 2020 China announces new raft of US imports eligible for trade war tariff waivers amid rising superpower tensionsSource: South China Morning Post
China has published a second batch of products to be exempt from US trade war tariffs, effective from next week for one year.
WASHINGTON - U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as Americans stayed home during the coronavirus...
May 13, 2020 ‘Urgency to act’ for sustainable development, greater than ever as coronavirus pandemic continuesSource: UN
As COVID-19 upends lives and livelihoods across the planet, the UN on Monday held a wide-ranging policy discussion stressing a range of multilateral solutions to ease the pandemic, while also getting back on track towards...
New York Governor Andrew Cuomo expects several regions in the state outside of New York City will be able to start a phased reopening as soon as this coming weekend after his stay-at-home order expires on May 15.
But as states try to balance saving lives and saving livelihoods, experts say some arguments for reopening the economy now are short-sighted or flawed
Claims by oil and gas companies that they are curbing their carbon emissions in line with net zero targets are overstated, according to a new review.
A growing number of organisations have sprung to life over the past few years to shine a light on companies’ efforts to behave like good corporate citizens.
The U.S. economy was slowing last year, but many companies entered 2020 with reasons to be optimistic and expansion plans to match.
London (CNN)Boris Johnson called on people across the UK on Sunday to return to work if they cannot do so from home, as the Prime Minister laid out his vision for gradually restarting the economy.
Fashion is an industry that runs on change with new trends, styles, and whole new ranges offered up every season. In order to meet those demands, it must keep the supply chain working at full steam to stitch up and ship out new...
May 11, 2020 It will take five years for the U.S. to return to the economy of 2019: Harvard's Ken Rogoff - videoSource: YouTube/CNBC
Ken Rogoff, Harvard University professor of public policy and economy, joins 'Power Lunch' to discuss the possibility of negative interest rates.
May 8, 2020 Goldman Sachs official says companies switching to Zoom instead of business travel could hit oil demand by up to 3 million barrels per daySource: Market Watch
The coronavirus pandemic will take a lasting chunk out of business travel and hit demand for oil as companies adapt to Zoom ZM, +5.48% and other video-conferencing tools, a Goldman Sachs GS, +3.05% official said Thursday.
Global stocks are climbing on signs that China and the United States might avoid another bruising confrontation over trade.
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