Suez Blockage may Lead to Large Reinsurance ClaimsEconomy

Suez Blockage may Lead to Large Reinsurance Claims

The blockage of the Suez Canal is likely to lead to large reinsurance claims,  said James Vickers, chair of reinsurance…

OPEC+ Meeting Follows after Cutting Demand Forecasts Economy

OPEC+ Meeting Follows after Cutting Demand Forecasts 

The Organization of Petroleum Exporting Countries (OPEC) meets with other major producers, including Russia to set output quotas for May.…

City of London Expects most Workers to Return Economy

City of London Expects most Workers to Return 

The City of London’s financial center has looked like an abandoned town since COVID-19 swept the globe last year. The…

Greek Cabinet Clears EU-funded Recovery PlanEconomy

Greek Cabinet Clears EU-funded Recovery Plan

Greece’s cabinet approved a national recovery plan on Monday hoping it will boost economic growth. Its growth expectation is by…

Tech Stocks, Banks Set to Push Wall Street Lower Economy

Tech Stocks, Banks Set to Push Wall Street Lower 

The main indexes of Wall Street opened lower on Thursday, with technology and bank stocks dragging. Moreover, data showed jobless…

Biden Heads to Ohio for the 11th Anniversary of ObamacareEconomy

Biden Heads to Ohio for the 11th Anniversary of Obamacare

U.S. President Joe Biden will travel to Ohio for the 11th anniversary of the signing of the Affordable Care Act…

Germany Hikes Pandemic-related Debt Plans to over 450B EurosEconomy

Germany Hikes Pandemic-related Debt Plans to over 450B Euros

In Germany, revised budget plans are pushing up new pandemic-related borrowing. The finance ministry document showed up to 240 billion…

Wall Street Stocks Up as Bond Yields EaseEconomy

Wall Street Stocks Up as Bond Yields Ease

Yields on U.S. 10-year notes dropped on Thursday to 1.687% after touching their highest since January 2020 peak of 1.754%.…

EU’s Vaccination Program at Only Half the Pace of U.S.Economy

EU’s Vaccination Program at Only Half the Pace of U.S.

Over the week through March 14, the 29 countries in the bloc and wider European Economic Area took delivery of…

Germany’s AstraZeneca could Hamper RecoveryEconomy

Germany’s AstraZeneca could Hamper Recovery

The government’s decision to suspend AstraZeneca COVID-19 vaccine was based on a recommendation from the politically independent Paul Ehrlich Institute.…