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Sun Journal in New Bern, North Carolina

12 Aug 2020

Page 5

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Articles on This Page

This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Sun Journal

Location

New Bern, North Carolina, United States of America

Date

Aug 12, 2020

Page

5

U S. virus surge weakens global economic rebound

The United States struggles to control the coronavirus, hindering global recovery as Europe and China show resilience. US policy delays, waning sales in luxury brands, and a stalled aid package weigh on markets while China resumes growth and German automakers benefit from demand.

MENTIONED IN THIS ARTICLE

Frankfurt Germany China Europe United States U.S America World Bank Officin del Poggio Bologna Italy Allison Hoeltzel Savini Barneys Hoeltzel Savini Behravesh BMW Daimler Philipp Hauber Kiel Institute For the World Economy
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UK braces for unemployment spike as furlough ends

The United Kingdom faces rising job losses as the Coronavirus Job Retention Scheme winds down in October. Debenhams trims 2,500 positions while employment for April-June fell by 220,000, the sharpest quarterly drop since 2009. Government hopes furlough protected livelihoods but analysts warn of a sharp rise toward 3 million unemployed. Prime Minister Boris Johnson and Treasury chief Rishi Sunak defend measures while economists predict bumpy months ahead.

MENTIONED IN THIS ARTICLE

U.S Federal Reserve European Union China London U.K Debenhams Boris Johnson Treasury Rishi Sunak Samuel Tombs Pantheon Macroeconomics
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Pandemic boosts retirements as savers lock in gains

Ran dolph New Jersey resident Sarah Ackerman cut monthly expenses by 300 to 500 dollars and maxed out a Simple IRA and Roth IRA during the coronavirus downturn. Fidelity data show retirement balances rebound with double digit quarterly gains as Fed and Congress flood markets with support. Over 55 million Americans filed for jobless benefits since mid March as reopenings stall.

MENTIONED IN THIS ARTICLE

Sarah Ackerman Randolph New Jersey Ackerman Roth Fidelity Investments Federal Reserve Congress U.S
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Shenzhen Aung Crown Industrial Ltd Kailyn Wong Nariman Behravesh THS Markit Arizona Muse Officina del Poggio Milan Luca Bruno Associated Press Forever 21 Alastair Grant THE CORON COVID
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