Byton Going Bye-bye? Chinese Carmaker Suspends Operations

Credit to Author: Jo Borrás| Date: Tue, 30 Jun 2020 18:55:27 +0000

First batch of production Byton M-BytesChinese automaker Byton seemed ready to go as recently as April, but the global economic downturn has made it hard to sell premium EVs from China

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Andrew Petter: From global crises come silver linings — how advanced education can help chart a new course

Credit to Author: Hardip Johal| Date: Fri, 05 Jun 2020 19:00:12 +0000

OPINION: With millions unemployed, governments can marshal post-secondary education to re-skill and educate a disrupted workforce to meet the needs of a greener, more dynamic economy

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Greg D’Avignon and Jock Finlayson: The province should commit to becoming a top-tier jurisdiction for new investment

Credit to Author: Hardip Johal| Date: Sat, 30 May 2020 01:00:04 +0000

OPINION: Premier and his ministers need to improve climate for private sector job creation and business expansion, notably in the export-oriented sectors: manufacturing, advanced technology, energy and mining, forestry, construction, transportation.

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EU proposes 750 billion-euro coronavirus recovery fund

Credit to Author: Associated Press| Date: Wed, 27 May 2020 11:24:22 +0000

BRUSSELS: The EU’s executive is proposing a 750 billion-euro ($825 billion) recovery fund to help the bloc’s economy through the painful recession triggered by the coronavirus pandemic, commissioner Paolo Gentiloni said Wednesday. Gentiloni, who is in charge of economic affairs at the commission, wrote in a tweet that the move is “a European turning point […]

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Fed chief: Sustained recession possible

Credit to Author: Associated Press| Date: Thu, 14 May 2020 16:37:26 +0000

WASHINGTON, D.C.: Federal Reserve Chairman Jerome Powell on Wednesday (Thursday in Manila) warned of the threat of a prolonged recession resulting from the coronavirus disease 2019 (Covid-19) pandemic and urged the US Congress and the White House to act further to prevent long-lasting economic damage. The US central bank and legislature have taken far-reaching steps […]

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Covid-19 to cause PH recession – Fitch Solutions

Credit to Author: Anna Leah E. Gonzales| Date: Mon, 11 May 2020 17:10:41 +0000

The Philippine economy is projected to fall into recession this year due to the effects of the coronavirus disease 2019 (Covid-19), Fitch Solutions said on Monday. In a report, Fitch Solutions said it forecasts the Philippine economy to contract by 2.0 percent this year, down from its previous projection of 0.5 percent growth. “We at […]

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PH might avoid recession – map consultant

Credit to Author: Anna Leah E. Gonzales| Date: Tue, 14 Apr 2020 16:15:36 +0000

There’s a chance the Philippines could avoid recession and come out of the coronavirus pandemic in better shape than most developing nations if it plays its cards right, a management consultant said on Tuesday. “The Philippines might come out of this crisis in better shape than a lot of developing countries [if it] gets the infections under […]

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