Economic News
FDA finds undesirable conditions at plant that ruined millions of vaccine doses
The US Food and Drug Administration said that it had found poor and unsanitary conditions at the Baltimore plant that had ruined millions of Johnson & Johnson Covid-19 vaccine doses.
EU sets out classification for 'green investments'
The European Union has rolled out its classification system for what constitutes a "green investment" in order it was hoped to help investors better channel money towards the sector.
Daimler to cut shifts for 18,500 workers due to chip shortage
Daimler was forced to put up to 18,500 workers in Germany on short-time shifts due to the impact of the global shortage of chips.
Germany's top court gives go-ahead to ratification of EU recovery fund
Germany’s top court allowed the country to proceed with the ratification of the European Union’s €800bn pandemic recovery fund.
UK house prices rise at fastest rate since 2014 - ONS
UK house prices have risen at the fastest pace in more than six years, official data showed on Wednesday, fuelled by the stamp duty holiday and demand for larger homes.
Federal Reserve not aiming for 'prolonged' inflation above target, Powell says
Inflation was set to be a "little higher" in 2021 but the US central bank was not aiming for a large and sustained rise beyond its target, its chairman Jerome Powell said.
UK inflation rises to 0.7% in March
UK inflation rose to 0. 7% in March as the cost of fuel and clothing rose, setting the scene for sharper increases later in 2021.