A South African Airways (SAA) plane is towed at O.R. Tambo International Airport in Johannesburg, South Africa, January 18, 2020. REUTERS/Rogan Ward/File Photo South Africa’s struggling national airline South African Airways (SAA) on Friday exited a local form of bankruptcy protection called business rescue after roughly 17 months. SAA was placed under administration in December…
Mannequins wrapped in red and white tape stand in front of the Brandenburger Gate in Berlin as part of an art installation. Michele Tantussi/Getty Images The Eurozone economy shrank in the first quarter, putting the bloc back into a recession. Rising coronavirus cases caused countries to reimpose lockdown measures, which hit growth. But the EU’s…
SYDNEY, April 30 (Reuters) – Three of Australia’s Big Four banks are set to unveil a more than doubling in interim profits, higher dividends and lower provisioning for bad debts next week, as the economy recovers from the COVID-19 pandemic. Australia’s economy has emerged from recession and all signs are that 2021 has started on…
A record $1.8 trillion worth of bonds are set to mature in Asia this year, data shows, leading to a rush to refinance them in the coming months. Most of the maturing bonds in Asia are from China, South Korea, Australia and India and the region dwarfs Europe and the United States in terms of…
A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie The Bank of Canada set the taper ball rolling last week, becoming the first major central bank to cut back on pandemic-era money-printing stimulus programmes. So who’s next? The big guns of central banking – the…
FILE PHOTO: Finland’s Prime Minister Sanna Marin arrives for the first face-to-face EU summit since the coronavirus disease (COVID-19) outbreak, in Brussels, Belgium July 19, 2020. John Thys/Pool via REUTERS HELSINKI (Reuters) – Talks between the five parties in Finland’s centre left ruling coalition on how to restart the economy will move into a second…
A man wearing a protective face mask makes his way on Omonia square in Athens, Greece, September 3, 2020. REUTERS/Alkis Konstantinidis Greece formally submitted its national recovery plan to the European Union on Tuesday, hoping for a boost to economic growth by as much as seven percentage points over the next six years, the government’s…
LOS ANGELES, April 26, 2021 /PRNewswire/ — Election and campaign finance law firm Kaufman Legal Group announced today that Shareholder Stacey J. Shin has been selected as an honoree in the Los Angeles Business Journal special supplement recognizing the city’s most influential women attorneys. The Journal’s Publisher and CEO Josh Schimmels writes “during this challenging time battling the…
© Reuters. FILE PHOTO: The skyline with its financial district amid the outbreak of the coronavirus disease (COVID-19) in Frankfurt By Holger Hansen BERLIN (Reuters) – The German government has raised its growth forecast for this year to 3.5%, compared with the 3% growth it was expecting back in January, a source said, adding that…
ISTANBUL (Reuters) – Turkey’s lira edged lower in early trading on Monday, adding to a recent slide and nearing an all-time low as a chill settled on relations with the United States and after the new central bank chief signalled that rate hikes would harm the economy. FILE PHOTO: Turkish lira banknotes are seen in…
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