THE RENEWABLE ENERGY LOBBY gears up for a Joe Biden presidency much friendlier to their industry than the Trump administration. Within days of Biden's victory, the associations representing the solar and wind industries pushed out their detailed agenda wish lists for the new administration to immediately act upon, many of which don't require congressional action in what could be a divided government, depending on the outcome of the Georgia Senate runoffs.
Profits at Chinese industrial firms rose 28.2% year-on-year in October to 642.91 billion yuan, official data showed on Friday, pointing to a steady recovery in the manufacturing sector after it was hard hit by the COVID-19 pandemic. Profits rose for a sixth straight month in October, after increasing by 10.1% year-on-year in September, the data from the National Bureau of Statistics showed.
Vaccines against COVID-19 will take some steam out of the market for hygiene products, but demand will remain above pre-pandemic levels as frequent hand-cleaning is here to stay, an executive at Ecolab (ECL), a leading firm in the sector, said on Thursday.
Formal job creation in Brazil surged to a record high in October, figures showed on Thursday, as the dominant services sector roared back to life to account for around 40% of new jobs. A net 394,989 formal jobs were created in October, the economy ministry said, marking the fourth month in a row of gains and significantly more than the 233,500 forecast in a Reuters poll of economists.
STOCKHOLM--Sweden's central bank on Thursday backed earlier guidance that its key repo rate will remain unchanged at zero at least until late 2023, but said it will expand its asset-purchase program to boost conditions for an economic recovery and help inflation rise towards target. The Riksbank said the second wave of coronavirus infections has promted tougher restrictions, hurting the already hard-hit services sector and prompting growth forecasts to be revised down...
European shares inched higher in early trade on Thursday, but gains were limited as an extension of coronavirus restrictions in Germany and grim economic growth forecasts for the United Kingdom dented sentiment. The pan-European STOXX 600 rose 0.1%, with tech and healthcare sectors leading gains.
Japanese shares closed at a more than 29-and-a-half-year high on Thursday, as tech shares tracked overnight advances on the U.S. Nasdaq, but worries over latest coronavirus restrictions at home hindering economic recovery capped gains. The Nikkei share average ended up 0.91% at 26,537.31, its highest closing level since April 1991.
Wall Street breaking 30,000 and positive news on three COVID-19 vaccines are making retailers optimistic about 2021. The economy rebounded strongly in the third quarter, said Mitch Gould, founder and CEO of Nutritional Products International. Although the past year has been tough on everyone, Gould said the economy has shown resilience.
- The Yearbook, created by the agencys in-house team of digital marketing experts, takes a look at the most influential moments of 2020 and how it will impact the industry going forward - The Influence Agency releases its second annual whitepaper, The Yearbook, an aptly-named publication designed to analyze the past, and predict future digital marketing trends across the globe.
Britain's government will pause pay rises for public sector workers except those in the health service and on lower incomes, finance minister Rishi Sunak said on Wednesday, describing the measure as a way to target those "who need it most".
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