ECONOMIC AND FINANCE REPORT

1) Cuba's economic minister urged calm as the government prepares to unify its dual currency system and multiple exchange rates in hopes of improving economic performance. The nation is undergoing…

1) More bad news for the airline business with another expected huge round of losses coming. The second quarter was the worst financial hit in the history of the airline…

1) With the recession from the Covid-19 came predictions of waves of bankruptcy filings as businesses, large and small, failed. But that wave of bankruptcy has not materialized, and so…

1) The airlines around the world are expected to lose $77 billion dollars in the second half of 2020 as Covid-19 continues to crush air travel demand. There are desperate…

1) Despite the economic failure of the first supersonic airliner, the French-British Concorde, there are now attempts to revitalize the supersonic airline service. Boom Supersonic has unveiled its first demonstrator…

1) Ikea, the big Swedish world wide modular furniture manufacture, has experienced a surge in sales from the pandemic as people turned homes into offices and schools. Their online sales…

1) There are mounting fears that a surge in Covid-19 this fall and winter could kill 2,900 people a day in America. This is reminiscent of the World War I…

1) Economic watchers were disappointed with the job reports for last month, with just 661,000 jobs added and the unemployment rate down to 7.9% from 8.4% in August. But this…

1) With the government support ending the first of October, American and United airlines are cutting 32,000 jobs. The airlines received $50 billion dollars under the CARES Act to boost…

1) After two previous recalls for Mustangs and Super Duty pickups, Ford has announced a third recall of nearly every new vehicle it sells today, a total of about 620,246…