Boutique economy slammed as coronavirus makes personal touch toxic

GENEVA (BLOOMBERG) – Health authorities recommend keeping a distance of one metre from fellow human beings to lower your chances of catching the new coronavirus. For people like Scout Robi in Sydney, that means no more trips to the hairdresser. “It’s an environment with lots of close contact with others,” the 31-year-old art therapy student said. “Because I have a […]

Read more

UK finance minister to investigate changing fiscal rules

LONDON, March 10 (Reuters) – British finance minister Rishi Sunak said he would consider changing the fiscal framework used by the government, speaking in his first annual budget on Wednesday as he ramped up spending. “It is important that we update our fiscal framework to remain at the leading edge of international best practice,” Sunak said. “I will review the […]

Read more

Air freight rates skyrocket amid passenger flight cuts, Chinese factory restarts

LOS ANGELES (REUTERS) – Air freight rates are skyrocketing after the grounding of many passenger flights in Asia has left shippers scrambling to book limited spots on cargo planes as Chinese industrial production restarts, according to industry insiders. About half of the air cargo carried worldwide normally flies in the belly of passenger jets rather than in dedicated freighters. But […]

Read more
1 83 84 85