Germany plans to increase support for the tourism industry, which has been hit by curbs to tackle a resurgence in the coronavirus, and is preparing an update on bridging aid, Economy Minister Peter Altmaier said on Friday.
- Joe Biden's campaign has privately told U.S. miners it would support boosting domestic production of metals used to make electric vehicles, solar panels and other products crucial to his climate plan, according to three sources familiar with the matter, in a boon for the mining industry.
* Sunak expands help for businesses and self-employed. * Hard-hit hospitality sector to get new grants. * Sunak had previously resisted calls for more help. * Labour opposition says Sunak must get ahead of crisis. By David Milliken and William James.
U.S. home sales to Chinese buyers may plunge as much as 60% this year, according to a U.S. real estate industry body, as the travel curbs imposed to thwart the coronavirus counter the impact of a surge in the yuan against the dollar. Rich Chinese buyers seeking to put away years of export-earned dollars have become the biggest foreign contributor to the U.S. housing market over the past decade.
Some 17% of British companies in the food and accommodation sector say they are at "severe" risk of insolvency, according to an official survey published on Thursday. The Office for National Statistics also said the proportion of adults who travelled to work in the week to Oct. 18 fell by 5 percentage points to 60%.
The U.S. economy continued to recover at a slight to modest pace through early October as consumers bought homes and increased spending, but the picture varied greatly from sector to sector, the Federal Reserve said on Wednesday.
The U.S. economy continued to recover at a slight to modest pace through early October as consumers bought homes and increased spending, but the picture varied greatly from sector to sector, the Federal Reserve said on Wednesday.
Canada's main stock index fell on Wednesday, dragged by energy stocks, as oil prices fell after a surprise build-up in U.S. crude stockpiles stoked concerns of a supply glut and a spike in global COVID-19 cases fueled demand worries.
Energy stocks dragged Canada's main stock index at the open on Wednesday, as a surprise build-up in U.S. crude stockpiles stoked concerns about a supply glut, while rising COVID-19 cases globally caused demand worries. * At 9:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 42.54 points, or 0.26%, at 16,230.72.
* Q3 organic growth 4.9%, after 1.3% in Q2. * Raises FY guidance to around 3% organic growth. * Americas, pet food, health science were drivers. * Shares slip 0.2%, but ahead of sector. By Silke Koltrowitz.
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