The picture across the EU area (plus the U.K.) in April is one of cautious optimism; countries are planning how to emerge from current lockdowns and open up to international travel
MILAN – Soon after the COVID-19 pandemic hit in spring 2020, the European Union activated the Stability and Growth Pact’s general escape clause, thereby suspending the Union’s limits on member states’ fiscal deficits and government debt. The clause envisages an almost automatic return to the SGP’s rules once the crisis is over, but EU policymakers should chart a different course
NEW DELHI – One of the most significant socioeconomic changes accelerated by COVID-19 must surely be the rise of digital labor platforms. Of course, platform-based employment had already been growing exponentially before the pandemic. But the combination of lockdowns and stay-at-home orders, and the consequent greater reliance on remote work, has dramatically increased both their spread and intensity of use
Forbes’ definitive ranking of the nation’s 50 wealthiest clans includes the heirs to some of the country’s best known brands: Campbell’s Soup, Jack Daniel’s, Walmart and Chick-fil-A
Alibaba Group was hit with the highest-ever antitrust fine imposed in China when the country’s regulator announced on Saturday that it had slapped a fine of 18.2 billion yuan ($2.8 billion) on the Hangzhou-based tech giant. The penalty is equivalent to about 4% of Alibaba’s domestic revenue in 2019
Bernard Arnault remains Europe’s richest person. Germany leads Europe once again with the largest number of billionaires on Forbes’ 2021 list of the world’s richest