Australia’s government must present a comprehensive plan for future job creation as the country addresses the economic consequences of the coronavirus pandemic, Shadow Treasurer Jim Chalmers said on Friday. The government has announced a fiscal stimulus worth A $ 289 billion ($ 206.54 billion) around, around 14.6% of Australia’s GDP …
Read More »Eurozone PMIs recovered in July
Andrey Rudakov | Bloomberg | fake pictures Business activity in the euro zone rebounded in July, according to preliminary data, as tight coronavirus blockades were further relaxed and more people returned to work. In June, the region had already shown signs of a recovery with PMIs (Purchasing Managers Index) reaching …
Read More »US Mint is literally begging for an additional change
Not really. The Mint is asking people to pay with the exact change and to find other ways to return the coins they may have to circulate, it said in a press release on Thursday. “We ask that the American public begin to spend their coins, deposit them, exchange them …
Read More »Romney reportedly to vote against controversial Fed nominee Judy Shelton
Senator Mitt Romney, a Republican from Utah, listens during a Senate Small Business Committee hearing on Coronavirus Relief Aid and “CARES Act Title I Implementation”, in Washington, USA, June 10 2020. Al Drago | Reuters Senator Mitt Romney plans to vote against Judy Shelton’s controversial nomination for the Federal Reserve, …
Read More »Unemployment benefits increase again for the first time in 4 months
Weekly claims for the first time peaked at 6.9 million in the last week of March and are continuously felt until last week, when the trend reversed. Economists had forecast that the claims would hold steady at 1.3 million, the same amount as in last week’s report. Nearly four months …
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