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IMF raises global growth outlook and flags rising economic divergence

Global growth is expected to increase slightly this year while remaining stuck below its pre-pandemic average, the IMF said Friday, flagging the growing economic divide between the United States and European countries.

London, Frankfurt hit record highs as global equities rally

London's benchmark FTSE 100 and Frankfurt's DAX 40 index reached all-time highs Friday as global equities rallied and the dollar climbed on renewed optimism for the global economy.

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UK jobs picture robust as Omicron struck

Britain's unemployment rate dropped and payrolls recovered further at the end of last year despite the onset of the Omicron variant, official data showed Tuesday.

China orders overseas mail disinfection over Omicron fears

China's postal service has ordered workers to disinfect international deliveries and urged the public to reduce orders from overseas after authorities claimed mail could be the source of recent coronavirus outbreaks.

Bank of Japan lifts inflation forecast, no policy change

Japan's central bank revised its inflation forecast on Tuesday and adjusted its view of price risks, while leaving its monetary easing policy in place in a nod to lingering pandemic uncertainty.

US airlines warn of 'calamity' if 5G deployed near airports

The chief executives of America's largest airlines warned of a "catastrophic disruption" to travel and shipping operations if telecommunication firms roll out their 5G technology as planned Wednesday without limiting the technology near US airports.

Activision says it fired dozens over harassment allegations

The video game giant Activision Blizzard said Monday it has fired nearly 40 employees and disciplined more than 40 others since July as it deals with allegations of sexual harassment and other misconduct.

US airlines warn of 'chaos' if 5G not limited near airports: letter

The chief executives of America's largest airlines warned ahead of Wednesday's 5G service rollout that the technology should be limited near US airports, or risk "significant operational disruption" to travel and shipping.

Unexpected star of gay rights best-seller, Pence family rabbit dies

The family of former US vice president Mike Pence has announced the death of Marlon Bundo, their pet rabbit who starred in a children's book series by the second family as well as a parody version supporting gay rights.

Credit Suisse chief quits over Covid rules breach

The chairman of Credit Suisse resigned Monday over Covid quarantine violations, leaving the bank's new risk committee chief holding the reins and tasked with trying to stabilise the scandal-hit institution.

European stocks rise tracking big corporate news, China growth

European stock markets climbed on Monday as China's unexpectedly muted growth slowdown and optimism over the impact of the Omicron coronavirus variant boosted investor confidence.

Canada health authority approves Pfizer's anti-Covid pill

Canada's health authority said Monday it has approved Pfizer's anti-Covid pill, Paxlovid, for adults at high risk of progressing to serious disease.

Covid-flu joint booster jab possible late 2023: Moderna

Moderna aims to roll out a combined Covid-flu-RSV booster vaccine in late 2023, the US pharmaceutical firm said Monday, hoping a joint jab would encourage people to get an annual shot.

American Marconi Wireless News - Economy (English)