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Empathy bootcamp? UK banks seek payback on $105 bln COVID loans

Pound notes and coins are seen inside a cash register in a bar in Manchester, Britain September 6, 2017. REUTERS/Phil Noble/File Photo Over $100 billion of state-backed loans coming due Burned by 2008, Britain’s banks hope to burnish reputations Some small firms complain of abrupt repayment demands LONDON, July 6 (Reuters) – As payback time […]

U.S. jobs jump by most in 10 months as economy gains steam

The pace of U.S. hiring accelerated in June, with payrolls increasing by the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the economy’s reopening. Nonfarm payrolls jumped by 850,000 last month, bolstered by strong job gains in leisure and hospitality, a Labor Department report showed Friday. The […]

CPC centenary goals vital for world too

Li Min/China Daily In his July 1 landmark speech to mark the 100th anniversary of the founding of the Communist Party of China, President Xi Jinping, also general secretary of the CPC Central Committee, said: “We have overcome a long list of major risks and challenges, fulfilled the first centenary goal, and set out strategic […]

Beware of the ‘economic transformation’ John Kerry is promising

John Kerry finally got one right last week when he said shifting to a green economy would trigger a huge “economic transformation.” Only problem: The “transformation” will make the world worse, not better. “A bigger economic transformation” is “right there at our disposal — bigger than the Industrial Revolution,” puffed the architect of the failed […]

Damage from Ann Arbor business fire estimated at $100K

Firefighters quickly put heavy fire out The fire is suspected of starting in one of the vehicles at the Muffler Shop and spreading. (Police) ANN ARBOR, Mich. – The damage caused by a fire that happened Monday morning at the Ann Arbor Muffler is estimated to cost $100,000. Firefighters were alerted about the fire alarm […]

This is as good as it gets for the US economy

The writer, Morgan Stanley Investment Management’s chief global strategist, is author of ‘The Ten Rules of Successful Nations’ Driven by the success of America’s vaccine rollout and massive government stimulus, the US economy is expected to grow as fast as 7 per cent this year and is currently leading the world recovery. The commentariat is […]