U.S. House Speaker Nancy Pelosi makes statement about coronavirus economic

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FILE PHOTO: U.S. House Speaker Nancy Pelosi (D-CA) makes a statement about coronavirus disease (COVID-19) economic relief legislation from the Speakers Lobby of the U.S. Capitol Building on Capitol Hill in Washington, U.S., March 23, 2020. REUTERS/Joshua Roberts/Pool

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Japan exports shrink for 13th month in further blow to economy

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By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s exports fell for a 13th straight month in December, hurt by U.S.-bound shipments of cars, construction and mining machinery, suggesting weak external demand is likely to remain a drag on the trade-reliant economy for a while longer. The 6.3% year-on-year fall in exports was worse than a 4.2% […]
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Fed sees supply-chain issues growing despite better US outlook

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WASHINGTON (BLOOMBERG) – The Federal Reserve is seeing both labour and material shortages mounting up across several sectors of the US economy, which may have consumers paying even more for everything from fuel to new homes. In the Fed’s Beige Book report released on Wednesday (April 14), the central bank references “shortage” or “shortages” 37 […]
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Shipping industry urges free movement of crews to keep trade moving

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LONDON (Reuters) – Ships must be allowed to change over overworked and exhausted crews to help to keep trade flowing as coronavirus lockdowns shut many transit points across the globe, shipping industry officials said on Tuesday. About 90% of world trade is transported by sea but a deepening lockdown in many countries and suspended air […]