Global economy & markets

7 sectors boosted by the coronavirus

The key return-to-work challenges facing finance leaders

• Replacement for furlough scheme announced by UK chancellor

  A new Job Support Scheme will replace the UK government’s furlough scheme, Chancellor of the Exchequer Rishi Sunak has announced.

• Video: Manufacturers drive Europe rebound, services lag

  Europe's economy is running at two speeds, with manufacturers recovering fast but services showing fresh signs of slowdown.

• Video: Plane recyclers bet on parts boom

  As COVID-19 grounds swathes of airline fleets, companies that profit from harvesting old jets for spare parts are seeing signs of a boom.

• UK and Japan make ‘in principle’ trade deal as Brexit talks continue

  The UK and Japanese governments struck a free-trade agreement on Friday which if approved by Japan’s parliament would mean 99% of UK exports to Japan will be tariff-free.

• Video: Bitcoin is finding a niche in Africa

  Crypto transfers to and from Africa by individuals and small businesses jumped 40% from July 2019 to $315 million in June, according to US research.

• How Indian businesses manage their cash during the pandemic

  Finance leaders in India focus on minimising costs, diversifying into newer markets, and adopting digital vehicles to optimise cash inflows.

• Video: Services recover in China, but Europe wobbles

  Upbeat numbers on China’s services sector lifted investor sentiment, but disappointing European figures soon dented the continent’s recovery hopes.

• UK government launches subsidised young people's work scheme

  The Kickstart scheme allows UK employers to take on unemployed young people for six-month government-subsidised work placements.

• Finance leaders search for opportunities as outbreak drags on

  While some companies find pockets of success, overall sentiment is neutral regarding the next 12 months, according to a quarterly US survey.

• The unique COVID-19 challenges in European markets

  What are the COVID-19 impacts and current priorities for European finance professionals amidst the ever-present threat of a second wave of the pandemic?

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