A pedestrian walks past the Bank of England building in London. File/Agence France-Presse
Bank of England (BoE) Chief Economist Andy Haldane said on Thursday he remained confident that Britain’s economy was poised for a quick bounce-back as the country races ahead with its coronavirus vaccinations and restrictions are lifted.
The Bank of England (BoE) called on lenders on Friday to provide enough credit to companies to see them through the coronavirus crisis as the government closes its emergency lending guarantee schemes.
The Bank of England left its key interest rate and stimulus unchanged on Thursday, but slashed its 2021 growth forecast despite vaccines rollouts.
The number of Americans filing new claims for unemployment benefits fell below 500,000 last week for the first since the COVID-19 pandemic started more than a year ago, signaling the labor market recovery
Shares rose to near record highs on Thursday, underpinned by a better outlook from Europe’s leading carmaker Volkswagen and increasing confidence in economic recovery in Germany and more widely.
Pakistan Business Council in Dubai, a business policy advocacy platform with 600 business members, has thanked the UAE for its support to the Pakistani business community and vowed to bolster trade between the two countries.
Masdar and Taaleri Energia, which invests in utility-scale wind and solar assets, have agreed to develop a 65-megawatt (MW) solar photovoltaic (PV) project in Greece. The project will be managed through the companies’ joint venture Masdar-Taaleri Generation (MTG).