Jobless rate surges to 16-year high of 6.6 percent

Hong Kong’s latest unemployment rate has climbed to 6.6 percent, the highest in 16 years, and an academic warned that the worst is not over yet. The latest jobless figure, which covered the three-month period from October to December last year, was up 0.3 percentage points from the 6.3 percent for the three months ending…Continue Reading

As pandemic surges, where do ‘front-liners,’ business owners find hope?

Amid a new surge of coronavirus cases, many front-line workers and others are facing a toll that’s emotional and mental as well as physical.Where does a person find hope? From emergency rooms to retail shops and virtual classrooms, some common answers involve building human connections and managing expectations.“We’re continuing to demand as much of ourselves…Continue Reading

Retail surges post-lockdown on demand for cars, electronics

Navigation for News Categories Consumer spending rebounded at record pace in the third quarter as pent up demand caused by Covid-19 lockdowns resulted in a surge in buying cars and electronics. Retail spending was worth $26.3 billion driven by buying cars, appliances, electronics, home and garden products, and groceries. Photo: 123RF Official numbers from Stats…Continue Reading

Turkish Lira Surges After Central Banker Ousted, Finance Minister Quits

The Turkish lira, one of the worst-performing emerging-market currencies this year, soared against the U.S. dollar in early trading Monday after a surprise weekend shake-up that saw President Recep Tayyip Erdogan dismissing the governor of Turkey’s central bank and the finance minister announcing his resignation. The lira gained as much as 5.8% when currency markets…Continue Reading

As coronavirus surges anew, Vermont may show US a path forward

Early in the coronavirus pandemic, rural America stood out as relatively unaffected. Now, a resurgence in cases nationwide is prompting new lockdowns – and sparsely populated states in the Great Plains have become an epicenter. Yet Vermont, one of the nation’s most rural states, has continued to have among the nation’s lowest infection rates.Some of…Continue Reading

U.S. June deficit surges to $864 billion

9/9 © Reuters. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington 2/9 WASHINGTON (Reuters) – The U.S. federal budget deficit in June surged to $864 billion from single digits a year earlier amid continued strong spending on coronavirus relief programs and a drop in individual and corporate tax receipts, the…Continue Reading