US jobless claims dip to 1.3 million despite virus spike

The number of people seeking unemployment benefits in the US dropped to 1.3 million last week, as the labor market shows signs of stabilizing. But businesses and workers still face uncertainty, as the number of coronavirus cases across the country continues to rise. Also in the show - Disney World prepares to open its doors amid controversy. Want to know more on US jobless claims dip to 1.3 million...

Don’t speak: Has Covid-19 caused the demise of the call centre?

Is the call centre doomed? Many companies have had to completely reorganise their operations during the Covid-19 pandemic, with some turning to chatbot technology to support or replace their call centres. In this programme, we speak to Rob LoCascio, CEO of LivePerson, which specialises in this technology. He has seen a massive increase in demand for its services in recent months and believes the pandemic has caused a permanent shift in the sector...

Spain, Ireland & Luxembourg in race for key eurozone position

Politicians from Spain, Ireland and Luxembourg are competing to become the next President of Eurogroup, the monthly meeting of eurozone finance ministers. The group will vote for their new chairman later on Thursday. The position is a strategic one in coordinating economic policy across the 19 countries that use the euro, and the new President will take up the role at a time when the bloc is facing...

UK finance minister to unveil pandemic recovery plan for economy

The British finance minister Rishi Sunak is to unveil a plan to boost the UK's economy after the slump in recent months due to the coronavirus pandemic. The measures are expected to include a new scheme to help young people into employment, along with already-announced funding for the arts & culture industry, and investment in reducing emissions. According the OECD, the UK will be among the worst-affected major...

French economy to shrink 10% as EU forecasts deeper hit from Covid-19

The eurozone economy will plunge 8.7 percent in 2020 due to the coronavirus crisis, the European Commission said Tuesday in more pessimistic forecasts that do not see a complete rebound next year.Want to know more on French economy to shrink 10% as EU forecasts deeper hit from Covid-19 click here go to market news source. Market news summary from France24 market news.Author: NEWS WIRES

Google, Facebook among tech firms suspending Hong Kong requests for user data

US-based technology giants including Google, Facebook and Twitter have temporarily stopped processing requests from Hong Kong authorities for access to user data, after Beijing's new national security law was implemented. The new rules could see employees of companies which don't comply with the rules face up to six months in prison. Meanwhile, the Chinese-owned video platform TikTok has gone one step further, announcing it will pull its app from download stores in...

What are the economic challenges facing the new French government?

With an economy in tatters after the coronavirus pandemic, France's new government is facing a number of challenges. The number one priority will be tackling unemployment and helping the country's youth, coupled with a recovery plan that focuses on transitioning into a green economy. Want to know more on What are the economic challenges facing the new French government? click here go to market news source. Market news summary from France24...

As Covid-19 cases surge in the US, more stimulus could be on the agenda

As the public health crisis continues, and as the unemployment rate hovers at its highest level since the end of World War II, American policymakers are feeling renewed pressure to boost the economy.Want to know more on As Covid-19 cases surge in the US, more stimulus could be on the agenda click here go to market news source. Market news summary from France24 market news.Author: Cole STANGLER

Citroën CEO: Post-pandemic car market ‘will not be what it was before’

The coronavirus pandemic has been a double whammy for the motor industry: disrupting supplies, but also hitting demand as countries went into lockdown. Can it recover from the crisis? The Chief Executive of French carmaker Citroën, Vincent Cobée, has said the pandemic had a "substantial impact" on their business, and that the market "will not be what it was before" in the short or long-term. He told FRANCE 24...

Tesla becomes world’s most valuable carmaker after share price surge

Tesla has become the world's most valuable carmaker after a surge in its share price over the last year. It surpassed Toyota in market capitalisation during trading on Wall Street on Wednesday. The electric carmaker's sales are still just a fraction of the larger players in the industry, but it has seen significant growth in the past year. The International Energy Organisation expects electric car sales to suffer...

3D-printed fake meat: The healthier, greener future of food?

Israeli firm Redefine Meat is using 3D printing technology to produce plant-based steaks designed to mimic real meat and plans to start selling them in restaurants later this year. With a handful of other firms working on similar technology, could 3D-printed meat soon provide a healthier and greener alternative to the real thing?Want to know more on 3D-printed fake meat: The healthier, greener future of food? click here...
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