Eshe Nelson
Posts
Before Omicron, Britain’s G.D.P. Regained Its Prepandemic Size
The economic output for November was bolstered by construction and manufacturing. But December data is likely to show the impact of a surge in virus...
Eurozone Inflation Rises to 5 Percent, Highest on Record
A small consolation: Energy prices rose 26 percent in December from a year earlier, a slightly slower pace than the previous month.
For U.K. Companies Brexit Meant Higher Costs and Endless Forms
While the worst of the Brexit trade disruptions are over, British exports to the European Union are down and companies are frustrated.
Britain Offers $1.3 Billion in Aid to Hospitality and Leisure Sector
The move comes as businesses have voluntarily closed their doors, either as a precaution against the Omicron variant or because too many staff members are...
Omicron Is an Economic Threat, but Inflation Is Worse, Central Bankers Say
Within 24 hours, the Federal Reserve, Bank of England and European Central Bank all stepped forward to deal with price increases.
Bank of England raises its interest rate in bid to control inflation.
Britain’s central bank was the first major bank to raise interest rates as inflation climbed to the highest level in a decade.
New Virus Restrictions in Britain Worry Businesses
“None of it’s going to be good,” an economist warns as people are likely to retreat from some aspects of social life as Covid measures...
Britain Enlists Banks to Fight Climate Change
The financial industry will be relied on to meet climate goals. NatWest, a lender to oil giants, provides a template.
Stocks and oil are whipped around by the Fed and by Omicron’s arrival in the U.S.
Investors are considering the risk of a new variant of the coronavirus, and its potential impact on the global economy, and are grappling with a...
Stocks and Oil Drop Amid New Coronavirus Variant
Stocks and oil futures slumped, while investors sought safety in government bonds.