Following an unprecedented plunge in April and a sharp rebound in May and June, U.S. retail sales continued to recover from the historic slump brought about by the COVID-19 pandemic in the third quarter. According to advance estimates released by the U…
Coal production and consumption continue to fall across the globe, with 2020 following the trend of growth in alternative and renewable energies. The reduction in coal consumption is clear in the U.S., with data showing how natural gas has quickly repl…
The Chinese economy continued its recovery in the third quarter of 2020, albeit at a slower pace than many had predicted. According to the National Bureau of Statistics of China, the country’s GDP grew by 4.9 percent year-over-year in the three months …
Along with tourism, there aren’t many parts of the economy which have been harder hit by the pandemic than the performing arts. Underscoring the devastating blow to the industry, data from a collaboration between TRG Arts and Purple Seven based on 80 v…
Predictions were made earlier in the year as the pandemic was getting underway that CO2 emissions would be greatly reduced due to the enforced drop in economic activity and travel. While the fact that this has indeed happened will surprise few, the ext…
When it comes to the economic fallout of the COVID-19 pandemic, we have gotten used to negative superlatives over the past few months. We’ve seen some of the worst single-day losses in stock market history, followed by an unprecedented drop in consumer…
The latest employment figures released today by the UK’s Office for National Statistics reveal a continued rise in the unemployment rate. In June-August the figure rose to 4.5 percent – 0.6 percentage points higher than a year earlier and 0.4 percentag…
Amazon Prime Day is kicking off today. Since its inception in 2015, the event has turned into a 48-hour-long eCommerce extravaganza.Just five years in existence, Prime Day has grown into a major shopping event, rivaling Black Friday and Cyber Monday. T…
UK monthly GDP continues to recover after having experienced the biggest dip on record in April when the measure was down 19.5 percent compared with March. Between July and August, GDP in the UK rose for the fourth consecutive month but the pace has sl…
According to website CoinMarketCap, all bitcoins in the world were worth around 202 billion U.S. dollars as of October 9, 2020 – more than five times as much as those of the next biggest crypto currency, Ethereum. But Bitcoin used to be worth even more…
