European stocks rose on Monday, with oil, banks and utility shares driving gains as investors hoped that a strong euro zone economic recovery would outweigh risks from a global slowdown. The pan-European STOXX 600 index was up 0.4 percent after hitting a three-week low last week. Asian stocks, however, fell following news of fresh regulatory…
What Entrepreneurs Can Do to Overcome the Impact of Natural Disasters
By Pui Ki Opinions expressed by Entrepreneur contributors are their own. Natural calamities such as floods, fires, hurricanes, and earthquakes are major concerns for businesses across the globe. At any time, an environmental or atmospheric disaster can strike down companies and cause significant damages. They can also lead to severe and widespread economic recession, which…
Uneven Recovery for U.S. Offshore Energy Production After Ida
September 3, 2021
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U.S. Gulf Coast energy companies on Friday advanced the recovery from Hurricane Ida on a few fronts, but slipped elsewhere as lack of crews, power and fuel reversed earlier production gains. Ports were reopening and some pipelines restarted as companies completed post-storm evaluations. However, larger hurdles remained for producers and refiners that struggled to get…
Conservative Party Gimmicks Don’t Come Cheap
Commentary Editor’s note: This is the second in a series examining the economic platform of each party ahead of the 2021 federal election. The first can be read here. We get it: electoral campaigning entails bright, shiny objects to parade in front of sound-bite-driven media. However, the extent to which the Conservative Party of Canada…
Florida Has Recovered Over 960,000 of 1.3 Million Jobs Lost in Pandemic
August 25, 2021
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Florida has now recovered over 960,000 of the around 1.3 million jobs lost at the height of the COVID-19 outbreak, according to state authorities. The Florida Department of Economic Opportunity (DEO) said in a recent release that the state has recovered 964,400 jobs of those lost when the pandemic struck last spring, which threw the…
EU Set To Green Light Italy, France, Spain’s Recovery Plans
BRUSSELS—EU finance ministers are set to adopt the recovery plans of 12 EU states on Tuesday, including those of Italy, Spain, and France, paving the way for the first disbursements of EU grants and loans to boost investments. Ministers in a meeting in Brussels are expected to give their green light to the plans prepared…
Post-Pandemic Public Debt Cannot Be Cancelled, Says ECB’s Villeroy
PARIS—The governor of France’s central bank on Friday told President Emmanuel Macron that the country’s heavy public debt, bloated by spending to safeguard jobs and growth during the pandemic, posed a challenge to the economy but could not be cancelled. In his annual letter to the president, Governor Francois Villeroy de Galhau said easing the…
US Gains Robust 850,000 Jobs, While Unemployment Rate Rises to 5.9 Percent
WASHINGTON—Job creation in June jumped more than 50 percent from the previous month with more people entering the labor force as the economy continues to recover. The U.S. Labor Department announced on Friday that the U.S. economy added 850,000 jobs last month, beating a consensus estimate of 706,000. The unemployment rate, however, rose to 5.9…
Mission Offers Help for the Suffering on Skid Row
June 26, 2021
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LOS ANGELES, Calif.—Rev. Troy Vaughn knows firsthand the plight of the homeless on Skid Row. Once homeless himself in the early 1990s, he now gazes out the window of his executive office from the top floor of the Los Angeles Mission. The mentally ill, drug addicted, economically disadvantaged, and victims of trauma wander outside the mission. One middle-aged man sits in a wheelchair, crack…
Voters Set to Pick Who Will Lead New York City’s Economic Recovery, Fight Against Rising Crime and More
June 22, 2021
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Voters in New York City head to the polls Tuesday to decide who will become Democratic nominee to be the city’s next mayor, and who will therefore likely lead its economic comeback, fight against rising violent crime and more. Eight Democrats are vying for the nomination, but polls have shown the top four pulling away…
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