International Economic
Credit Suisse says markets 'consolidating' not 'correcting'
Stockmarkets are set to consolidate, given that inflation is now "a bit more" of an issue, but they are not headed for a 'correction', says Andrew Garthwaite at Credit Suisse.
Europe close: Stocks end week on an up note despite soft US economic data
European shares ran up on Friday, tracking gains on Wall Street despite slightly weaker-than-expected readings on economic activity in the US.
COP26 president urges for phasing out of coal to meet climate targets
The COP26 climate change conference president Alok Sharma said that phasing out coal is a must in order to reach climate targets.
Amazon to create 10,000 UK jobs in wake of online shopping boom
Amazon is creating 10,000 permanent jobs in the UK in response to the boom in online shopping seen during the pandemic.
WHO in talks with US to share vaccines with countries in need
The World Health Organization said on Friday it is in talks with the United States to share vaccines with the international COVAX scheme.
Higher inflation takes its toll on US consumer confidence, University of Michigan says
Higher inflation is taking its toll on Americans' confidence in the economy, the results of a closely-followed survey revealed.
US retail sales unchanged in April
US retail sales slowed down in April after the initial effect of the White House's Covid-19 stimulus checks faded.
Airbnb bookings soar as pandemic restrictions ease
Airbnb’s value of holiday bookings soared by 52% year-on-year in the first quarter of 2021 to reach $10. 3bn as some countries eased their coronavirus restrictions.
Dogecoin soars over 40% immediately after Elon Musk tweet
Dogecoin soared more than 40% to a price of 55 cents on Friday according to Coin Metrics data, immediately after Tesla CEO Elon Musk tweeted about the cryptocurrency.