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Tag: economy

Aruba looks towards long-idled oil refinery, as tourism drop pummels economy

Aruba’s state-owned refining company Refineria di Aruba (RdA) is seen in San Nicolas, Aruba, April 9, 2021. REUTERS/Luc Cohen April 19, 2021 By Luc Cohen SAN NICOLAS, Aruba (Reuters) – A collapse in tourism due to the coronavirus pandemic has sent Aruba toward one of the world’s biggest economic contractions, prompting the island to try […]

Arizona mining fight pits economy, EVs against conservation, culture

Darrin and Paula Lewis of Superior Lumber & Hardware are seen outside the store in Superior, Arizona, U.S., March 30, 2021. “I sunk everything I have into this place,” Darrin Lewis said. Picture taken March 30, 2021. REUTERS/Caitlin O’Hara April 19, 2021 By Ernest Scheyder SUPERIOR, Ariz. (Reuters) – Early last year, Darrin Lewis paid […]

Fed’s Waller says U.S. economy ‘ready to rip’ but inflation will level off

FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo April 16, 2021 By Ann Saphir, Jonnelle Marte and Howard Schneider (Reuters) -The U.S. economy is set to take off this year as more Americans get COVID-19 vaccinations and become comfortable engaging in a wider range of […]

Slow vaccine rollouts biggest risk to euro zone economy: Reuters poll

FILE PHOTO: A woman walks next to a poster reading “The best team. With distance.” in front of a BMW factory as the spread of the coronavirus disease (COVID-19) continues in Munich, Germany, December 9, 2020. REUTERS/Andreas Gebert/File Photo April 16, 2021 By Richa Rebello BENGALURU (Reuters) – The euro zone economy will recover at […]

German economy probably shrank 1.8% in first quarter due to lockdown, institutes say

FILE PHOTO: Dark clouds hang over the financial district as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, March 16, 2021. REUTERS/Kai Pfaffenbach/File Photo April 15, 2021 BERLIN (Reuters) – The German economy probably shrank by 1.8% in the first quarter because of COVID-19 restrictions, leading economic institutes said on Thursday as […]

BOJ’s Kuroda warns of lingering pandemic pain for economy

FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, Japan, January 21, 2020. REUTERS/Kim Kyung-Hoon April 15, 2021 By Leika Kihara TOKYO (Reuters) -Japan’s economy is picking up steam but any recovery is likely to be modest due to lingering caution over the coronavirus pandemic, Bank of Japan Governor […]

Federal Reserve chair Jerome Powell takes heat after admitting economy is rigged

FILE – In this Dec. 1, 2020, file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. During an interview broadcast Sunday, April 11, 2021, on CBS’ “60 Minutes,” Powell said the U.S. economy is poised for an extended period of strong growth and hiring, though […]

Fed’s Powell: U.S. economy at an ‘inflection point’ – CBS ’60 Minutes’

FILE PHOTO: The Empire State Building and One World Trade Center rise above Manhattan as seen from an apartment in the Central Park Tower building as the building celebrates its topping out in New York, U.S. September 17, 2019. REUTERS/Lucas Jackson April 12, 2021 By Dan Burns and Howard Schneider (Reuters) – The U.S. economy […]

What happens when women run the economy? We’re about to find out

FILE PHOTO: U.S. Treasury Secretary Janet Yellen, the former Federal Reserve chair, holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. REUTERS/Jonathan Ernst/File Photo April 6, 2021 By Andrea Shalal WASHINGTON (Reuters) – Women now hold many of the jobs controlling the world’s largest economy […]

Fast food struggles to hire as demand soars, U.S. economy roars

FILE PHOTO: Cori Thune (L) and Phillip Thune dine outdoors at Park on Fremont as restaurants are opening for business on sidewalks as restrictions to prevent the spread of coronavirus disease (COVID-19) are eased in Las Vegas, Nevada, U.S., May 15, 2020. REUTERS/David Becker/File Photo April 6, 2021 By Hilary Russ NEW YORK (Reuters) -Taco […]