BRUSSELS Wrapping up even a “bare bones” deal on the future relationship between the European Union and Britain will be fraught with complexity and, with so little time to get it done, a painful “hard” Brexit on December 31 cannot be ruled out, diplomats said. A basic agreement would have to...
By James Davey LONDON, May 9 (Reuters) - The British government has told airlines it will introduce a 14-day quarantine period for most people arriving from abroad to try to avoid a second peak of the coronavirus pandemic, an association representing the airlines said on Saturday. Airlines UK, which represents British...
By Pete Schroeder WASHINGTON, June 1 (Reuters) - U.S. financial regulators, banks and their investors will get their first glimpse into the health of the nation's banking system as it confronts soaring corporate and consumer defaults in the economic crisis sparked by the novel coronavirus. And no-one, including the U.S. Federal...
Lucia Mutikani WASHINGTON (Reuters) - Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers. The weekly jobless claims report from the...
LONDON/LOS ANGELES U.S. retailers face an estimated $700 million sales hit from the coronavirus and some shipping lines are sending vessels to retrieve empty cargo containers from Los Angeles to prevent further supply disruptions. The extended shutdown of factories in China caused by the virus, travel restrictions on workers and canceled...
By Richard Cowan and Susan Cornwell WASHINGTON (Reuters) - The U.S. House of Representatives on Friday narrowly approved a $3 trillion bill crafted by Democrats to provide more aid for battling the coronavirus and stimulating a faltering economy rocked by the pandemic. By a vote of 208-199 Democrats won passage of...
LONDON, May 8 (Reuters) - Currencies closely linked to global trade rose on Friday boosted by news that U.S. and Chinese negotiators had agreed to strengthen cooperation over a trade deal and as more governments slowly reopened their economies. Top U.S. and Chinese trade representatives discussed their Phase 1 trade...
By Gabriela Baczynska and Francesco Guarascio BRUSSELS, April 21 (Reuters) - European Union leaders meeting are on Thursday expected to defer a final decision on how to finance the bloc's economic recovery in the aftermath of the coronavirus pandemic, diplomats and officials said. The 27 national leaders have already clashed over...
By Elizabeth Howcroft LONDON, May 8 (Reuters) - Global shares rallied on Friday as investors cheered signs of improving Sino-American relations and looked towards more governments gradually reopening their economies. The positive mood stands in sharp contrast to the economic data. U.S. unemployment numbers due later on Friday are expected to...
BEIJING U.S. companies operating in China were having an increasingly tough time last year as slowing economic growth and trade tensions squeezed profits before the coronavirus outbreak added to their concerns, a business survey showed on March 10. Over a fifth of the 372 members of the American Chamber of Commerce...