Economic News
Retail footfall stays depressed despite reopening surge
Visits to shops in the UK more than halved in June despite the reopening of many non-essential shops from the Covid-19 lockdown, a survey showed.
BioNTech chief expects to file for approval of Covid-19 vaccine towards end 2020
The head of German biotechnology outfit BioNTech thinks that his company will be file for regulatory approval of its Covid-19 vaccine before the end of 2020.
Gilead Sciences's Remdesivir may cut Covid-19 risk of death by 62%
Gilead Sciences's Remdesivir antiviral treatment for the novel coronavirus may cut the risk of death by nearly two-thirds.
Drop in food costs weighs on US producer prices in June
Producer prices in the US continued retreating last month amid sharp drops in the cost of food and in retailers' margins.
US's Biden calls for end of era of 'shareholder capitalism'
The Democratic Party's presumptive nominee vowed on Thursday to "put an end" to an era "shareholder capitalism", saying that the days of Amazon not paying federal taxes were numbered.
IEA increases 2020 oil demand forecast but maintains Covid-19 concerns
The International Energy Agency (IEA) raised its 2020 oil demand forecast on Friday but warned the spread of Covid-19 was still a concern and could change the outlook.
IMF calls for 'equity-like' government support for firms
The International Monetary Fund chief economist Gita Gopinath called for governments to start “equity-like” support for firms affected by the coronavirus.
Moody's says UK to take worst hit of developed economies
The UK's economy will shrink by more than 10% this year - the worst impact among major economies from the Covid-19 crisis, Moody's ratings agency predicted.