WASHINGTON (Reuters) – The shutdown due to the coronavirus pandemic is costing the United States perhaps $25 billion a day in lost output and cannot be sustained indefinitely, St. Louis Federal Reserve President James Bullard said on Tuesday, adding that the country needs widespread testing and risk management strategies so the economy can reopen. Restarting […]
TOKYO (Reuters) – Japan Display said on Tuesday it has finalised a deal to raise $200 million from “an overseas customer,” which sources have said is Apple. The $200 fund will come in the form of the customer purchasing equipment at Japan Display’s main smartphone screen factory in central Japan, the company said in a […]
LONDON (Reuters) – The downturn in Britain’s construction industry deepened in December, driven by the sharpest drop in civil engineering activity since 2009, a survey showed on Friday, underscoring the economy’s frailties at the end of last year. The IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) fell to 44.4 from 45.3 in November, below […]
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