Business
These are the World Economic Forum’s Technology Pioneers of 2020
The World Economic Forum announces its 20th cohort of 100 new Technology Pioneers. This year’s cohort includes leaders in carbon capture, alternative meat, circular economies, food security and financial access, to name but a few. Technology Pioneers are also contributing to COVID-19 responses through testing, diagnostics and more. Learn more about the Technology Pioneers here.…
Read MoreMay sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus
Nonfarm payrolls rose by 2.5 million in May and the unemployment rate fell to 13.3%. Wall Street estimates had been for a decline of 8.3 million and a jobless level of 19.5%, which would have been the worst since the Great Depression era. Much of the gain came from those classified as temporary layoffs due…
Read MoreThe Craziest Charts of the Year (So Far)
This is the performance of some of the biggest airlines over the past month. The V in the Nasdaq 100 ETF (QQQ) is a sight to behold. The S&P 500 is closing in on new highs as well. Oil prices going negative feels like something happened 8 years ago. Somehow commodities markets took this in…
Read More6 charts that show what employers and employees really think about remote working
COVID-19 has lead to more and more employees working from home. 98% of people surveyed said they would like the option to work remotely for the rest of their careers. But not everything is positive, with workers finding the biggest challenge is ‘unplugging’ from work. Click here to read the full article.
Read MoreCoronavirus: UAE moves to mitigate economic fallout
From mid-March, the UAE Central Bank moved to protect the economy, buffering banks and businesses with an economic support scheme worth around 65 billion euros. According to a recent survey of financial lenders, these support measures have instilled considerable confidence. 42% of respondents in the UAE said they believed their companies could go back to…
Read MoreInequality Everywhere You Look
The gains in employment for food services and drinking establishments is now below where it was in January 1990 when the Federal Reserve first began tracking this data. And it’s not just restaurants. The entire hospitality sector is feeling immense pain right now, with an unemployment rate fast approaching 40%. The restaurant industry is one…
Read MoreFortune 500 CEO survey: How are America’s biggest companies dealing with the coronavirus pandemic?
CEOs of the Fortune 500, surveyed in the last two weeks of April, believe it will be years before the effects of COVID-19 are purged from the U.S. economy. Only 27% expect their workers to fully return to their usual workplaces this year. A majority believe it will be the first quarter of 2022 before overall economic…
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