In its stock market debut, British food delivery firm Deliveroo saw its share price tank around 30%. Questions now materialized over workers’ rights for its riders. In the days running up to the listing, the company revised its share price. Some investors opted to avoid the IPO over these concerns. Deliveroo is just one example of a wider “gig economy” that is coming … [Read more...] about Europe’s Gig Economy Could Decline, and New Rules Means Higher Prices
Economy
UK Business Leaders are Optimistic as Businesses Hits Record High
Optimism among business leaders is at a record high based on hopes that Britons will commence a multibillion-pound summer. A chance to go on a spending frenzy is here after being freed from lockdown. UK Businesses are Recovering Non-essential shops and other businesses in England reopened for the first time since January. Three separate studies suggest that the bounce back … [Read more...] about UK Business Leaders are Optimistic as Businesses Hits Record High
European Central Bank President Christine Lagarde Sees Rebound for EU Economy Before 2021 Ends
European Central Bank President Christine Lagarde stated that there is “light at the end of the tunnel” for the region’s economy. She said she expects the second-half growth will be “very fast.” Europe Economy Recovery Despite a difficult struggle against the Covid-19 pandemic, the European Union will hit its economic stride later this year, European Central Bank President … [Read more...] about European Central Bank President Christine Lagarde Sees Rebound for EU Economy Before 2021 Ends
Italy’s Economy to Grow 4.1% in 2021, According to Business Lobby
Italy’s virus-hit economy is expected to grow 4.1% this year and 4.2% in 2022. It is in an “uncertain ascent from the abyss,” the country’s business lobby Confindustria said on Saturday. Italian Economy Recovery The Italian economy shrank by a post-war record of 8.9% last year. Confindustria said even such “historically high” growth estimates would not make up for last year’s … [Read more...] about Italy’s Economy to Grow 4.1% in 2021, According to Business Lobby
UK is Slowly Bouncing Back into the Pre-Pandemic Economy
In some government circles, the excitement before Britain’s opening-up and return to something like normality is making ministers giddy. Grant Shapps says everyone may start booking a foreign holiday. Especially now that he is at work revamping last year’s color-coded map of the world. UK's Rapid Economic Growth With a traffic-light system of testing and quarantine rules … [Read more...] about UK is Slowly Bouncing Back into the Pre-Pandemic Economy