
U.S. retail sales growth slows down slightly in July
Aug 14, 2020 14:43 pm UTC| Commentary Economy
U.S. retail sales growth decelerated in July. Sales grew 1.2 percent, slowing down from the 8.4 percent growth in June. Consensus expectations were for a growth of 1.9 percent. The volatile categories recorded mixed...

Aug 13, 2020 09:06 am UTC| Research & Analysis Economy Insights & Views
The Corona crisis has hit the British economy comparatively hard. In addition, Brexit risks remain high, which is why we assume that the pound will continue to remain weak against the euro. Given that the UK and EU...

Macau begins bringing back gamblers from China
Aug 13, 2020 04:50 am UTC| Economy
Macau has started reissuing tourist visas to bring gamblers back and keep casino operators from losing $15 million daily in expenses. The coronavirus lockdowns brought a severe downturn to the number of Macaus visitors...

US to label goods from Hong Kong as 'Made in China'
Aug 12, 2020 23:00 pm UTC| Economy
Good entering the US from Hong Kong after Sept. 25 will be labeled as Made in China, according to a notice in the US Federal Register. There are limited direct exports from Hong Kong, with most of the citys shipments to...

UK suffers 20.4% economic slump in Q2
Aug 12, 2020 22:32 pm UTC| Economy
The UK economy suffered its worst slump on record in the second quarter with a 20.4 percent plunge, the biggest of any major global economy. The slump, preceded by a 2.2 percent contraction in the first quarter, sent...

Greece's Preveza City leans on alternative tourism during pandemic
Aug 12, 2020 21:44 pm UTC| Economy
The pandemic opens up an opportunity for Preveza City, Greece, to promote alternative tourism, such as fishing and local life and culture related to the natural resources, says Constantin Koutsikopoulos, head of the...

S. Korea's gold market turnover hits record average of 13.1-B won in July
Aug 12, 2020 20:56 pm UTC| Economy
South Koreas daily gold market turnover averaged a record high of 13.1 billion won in July, far exceeding the previous 9.7 billion won record set in August 2019. The turnover is more than twice the 5.2 billion won...