Economic News
Shop vacancies rise as pandemic continues to weigh heavily - BRC
The number of empty shops in the UK rose during the last three months of 2020, industry data showed on Friday, as the Covid-19 pandemic closed stores and weighed heavily on customer demand.
EU considers legal means if Covid-19 vaccines delayed, Council President says
The European Union should explore legal means to secure supplies of Covid-19 vaccines if companies do not deliver them on time and if negotiations with pharmaceutical companies prove unsuccessful, the European Council President, Charles Michel, said on Thursday.
Covid-19 takes its toll on US new home sales in December
New home sales in the US rose a bit less quickly than expected at the end of 2020 as the rising number of Covid-19 infections took its toll.
Germany recommends AstraZeneca vaccine only for use in those under 65 years
German health officials recommended only administering the Covid-19 vaccine developed by AstraZeneca and Oxford University to people under the age of 65, citing "insufficient data".
US gross domestic product continued to expand in Q4, as expected
America's economy continued expanding at the tail-end of 2020 with economists anticipating that the rebound from the Covid-19 crisis was set to continue.
US jobless claims drop unexpectedly during latest week
The number of Americans filing for unemployment claims slipped again during the latest week.
GameSpot avalanche continues
The dizzying rise of GameStop shares continued on Thursday as fresh investors continued to pile in and - possibly - as more hedge funds opted to 'throw in the tunnel'. Gamestonk!! https://t. co/RZtkDzAewJ — Elon Musk (@elonmusk) January 26, 2021.
UK competition watchdog opens probe into Facebook Giphy deal
UK’s competition watchdog on Thursday launched its initial investigation into Facebook acquisition of GIF website Giphy.
UK car manufacturing slumps to 36-year low
UK car manufacturing slumped last year to levels not seen since the start of the 1980s, industry data showed on Thursday, after Covid-19 shut factories and depressed demand.
Musk says Tesla Semi ready for production; Flags battery cell shortage
Tesla chief executive Elon Musk said engineering work on the company's Semi truck was complete and it was ready for production, but added that the lack of battery cells was still an issue.
Green groups call on Carney to raise concerns over carbon offsetting blueprint
Leaders of two UK environmental charities have raised concerns over a blueprint for carbon offsetting with former Bank of England governor and now UN climate envoy, Mark Carney.