Economic News
Weekly initial jobless claims drop below post-2008 peak
The number of Americans signing up for unemployment fell last week below the peak hit in the aftermath of the Great Financial Crisis in 2008 - a major milestone.
SoftBank in talks to invest $500m in Swiggy
SoftBank Vision Fund 2 is in advanced stages of talks to invest up to $500bn dollars into food delivery startup Swiggy, two sources familiar with the matter told TechCrunch.
US March retail sales go into overdrive
US retail sales went into overdrive in March as Americans started receiving government stimulus checks from mid-month onwards.
Berenberg ups Harbour Energy to 'hold' after shares drop
Berenberg upgraded Harbour Energy to 'hold' after a decline in the company's shares brought the oil and gas group's valuation in line with the broker's price target.
Shell sets out climate plan, rejects shareholder resolution
Royal Dutch Shell has set out plans to become a net zero company by 2050 and urged shareholders to reject a resolution calling for tougher action at its annual general meeting.
Over half of workers within BAME community concerned about post-pandemic work
Around 58% of workers within the BAME community are concerned about post-pandemic work, revealed the Resolution Foundation and the Future Strategy Club on Thursday.
Almost 37% of UK working adults given less than a week's notice of working hours
Close to two-fifths (37%) of UK workers in full or part-time employment are given less than a week's notice of their shifts or work patterns, the latest research conducted by the Living Wage Foundation revealed.