Europe’s Detroit? Pandemic bursts Toulouse aerospace bubble
Barely three months ago, Serge Dumas had one problem: how to keep up with record demand for the metal fasteners and bolts his small aerospace supply firm manufactures just north of Toulouse.
Japan’s service sector sentiment rises 7.6 points in May
Japan’s service sector sentiment index rose in May, a Cabinet Office survey showed on Monday, although the coronavirus pandemic continues to weigh on firms’ business confidence.
Fed says beating pandemic is key, but how will it know things are better?
With a full three months of responding to a global pandemic under their belt, U.S. Federal Reserve officials have united around one point: lasting progress on the economic front will be dictated by success in containing the spread of the coronavirus.
Japan braces for worst postwar economic slump, pandemic tests policy response
Japan’s economy braced for its worst postwar slump even as first-quarter GDP contracted less than initially thought, as the coronavirus crisis slams the brakes on global growth and raises pressure on Tokyo to cushion the blow to business and consumers….
Samsung leader appears in court, awaits decision on whether he’ll be jailed again
The de facto leader of Samsung Group, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of fre…
World shares advance on surprise U.S. job recovery, oil steadies
Global share prices edged higher on Monday after a surprise recovery in U.S. employment provided cause for optimism that global economies could quickly revive after many weeks of lockdowns aimed at controlling the coronavirus pandemic.
Mexico to propose NAFTA renegotiator to lead WTO: sources
Mexico is set to propose senior trade official Jesus Seade, who helped rework the North American Free Trade Agreement, as a candidate to be the next director-general of the World Trade Organization (WTO), sources said on Sunday.
Japan’s economy minister warns against deepening negative rates
Japan should focus on back-stopping struggling businesses rather than trying to spark overall demand in fighting the coronavirus pandemic, its economy minister said, suggesting the central bank should avoid pushing interest rates deeper into negative t…
Japan’s economy braces for worst postwar slump despite capex gains in first-quarter GDP
Japan’s economy shrank less than initially estimated in the first quarter but the broad impact from the coronavirus crisis is still expected to send the country deeper into recession.
Instant View: Japan’s economy braced for worst postwar slump despite capex gains in first-quarter GDP
Japan’s economy shrank less than initially estimated in the first quarter, revised data showed on Monday, but the broad impact from the coronavirus crisis is still expected to send the country deeper into recession.
