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World - 2020-08-28
US consumer spending rises solidly; income rebounds
Currency

US consumer spending rises solidly; income rebounds

  • The report from the Commerce Department on Friday also showed a rise in personal income after two straight monthly declines.
  • The economy suffered its deepest contraction in at least 73 years in the second quarter.
Published 28 Aug, 2020 07:21pm
Merkel says world needs to do more to combat climate change
Europe

Merkel says world needs to do more to combat climate change

  • At a news conference, she said the European Union needed to adjust the climate goals it has set for 2030.
  • The European Commission will next month propose a new 2030 climate target for a 50% or 55% emissions reduction against 1990 levels.
Published 28 Aug, 2020 04:58pm
Levitating stocks unlikely to help Fed's economic equality efforts

Levitating stocks unlikely to help Fed's economic equality efforts

  • In the fight against the economic impacts of coronavirus, the Fed has unleashed unprecedented support - zero-bound rates and asset buying.
  • Powell announced a new monetary policy strategy that would allow the central bank to let inflation.
Published 28 Aug, 2020 04:22pm