The economy is in the midst of a recession triggered by a health crisis. That makes this recession unusual and different. Here we examine how this recession compares to previous recessions. From that we infer key features of the pandemic recovery. We conclude that demand in most commodity end-use sectors – construction and manufacturing – is likely to be more resilient than normal, because the COVID-19 recession is primarily a service sector recession. The automotive sector is an exception, however, and experiences a slower recovery in light of the structural challenges it faces with respect to climate policy. Read more
GIRONA, SPAIN (OCTOBER 1, 2017) (REUTERS) – Catalan firefighters appeared during clashes between pro-independence voters and the Spanish Civil Guard outside a polling station in Girona, attempting to shield the protesters from the police on Sunday (October 1).
Protesters from all walks of life crossed paths in the nation’s capital on Saturday, as multiple protests were held throughout the city. Nathan Frandino reports. Continue reading
MUNICH, GERMANY (SEPTEMBER 16, 2017) (REUTERS) – The 184th annual edition of Oktoberfest started on Saturday (September 16), with a horse-and-carriage parade, carnival rides, oompah bands and beer-swigging revelry – as tradition dictates, of course. Continue reading
CARBONDALE, ILLINOIS, UNITED STATES (AUGUST 21, 2017) (REUTERS) – Time-lapse video captured the sky over Carbondale, Illinois, during a solar eclipse on Monday (August 21). Continue reading
Artificial intelligence (AI) is making its way into the global sex technology market, bringing with it a revolution in robotic “sextech” designed to offer gratification with a near-human touch. Continue reading
Scientists have discovered plant life that is 1.6 billion years old, putting the origin of plant life on the planet back 400 million years earlier than previously thought.
The countdown to Article 50 being triggered begins and Londoners feel sad about the prospect of Brexit.
With a day to go before UK prime minister Theresa May triggers Article 50 to start separation talks with the EU, the Bank of England is warning UK banks to prepare themselves in case of a disorderly Brexit. But, as Ivor Bennett reports, the eve of Brexit also attracts a vote of confidence from Qatar as its sovereign wealth fund pledges over $6 billion in investment in Britain. Continue reading
The road to Brexit has been a tumultuous one, with protests and lawsuits and a bitterly divided country. British Prime Minister Theresa May will trigger Article 50 on Wednesday (March 29) which means official talks on Britain leaving the European Union can begin.
VILLACOUBLAY AIRPORT, NEAR PARIS, FRANCE (REUTERS) – On Wednesday (March 29) British Prime Minister Theresa May will trigger Article 50, which will formally kickstart the process of Britain leaving the European Union.
It comes nine months after 2016’s June 23 referendum in which Britons voted to leave 52 percent to 48 percent.
The result divided the country, with remain voters feeling their wishes and concerns are being ignored.
The Supreme Court ruled earlier this year that parliament must approve May triggering Article 50. This angered the Leave camp, which believed pro-Europe campaigners were trying to subvert the result of the referendum.
Last weekend, leaders of the remaining 27 states met without departing Britain for a summit that they hope could relaunch the Union in the city where it was founded 60 years earlier. The Treaty of Rome, creating the European Economic Community (EEC) of France, Germany, Italy and the Benelux, was signed on March 25, 1957.