Bloomberg The French government will provide support to any sector hit by latest Covid restrictions, including extending financing of furlough beyond the end of this year, Finance Minister Bruno Le Maire said. The finance ministry is working with the labour ministry to extend the current mechanism and make it easier to access for firms affected by government decisions including the ...

Bloomberg Canada’s labour market blew past expectations in November as the end of income support programs helped fuel new hiring. Employment rises 153,700 last month, Statistics Canada reported in Ottawa. That’s more than quadruple the 37,500 gain economists were predicting, according to the median estimate in a Bloomberg survey. The numbers show just how close the nation’s economy is to ...

Bloomberg German factory orders plummeted in October as demand for investment goods declined, putting the economy on weak footing in the final months of the year. Orders fall 6.9% following a 1.3% increase the previous month. That’s the biggest drop in the volatile index since August and a worse reading than predicted by a single economist in a survey of ...

Bloomberg New car registrations in the UK rise in November for the first time after four consecutive months of declines, driven by a demand for electrified vehicles. Sales increased 1% in November from a year earlier, according to preliminary data from the Society of Motor Manufacturers and Traders (SMMT). That’s still 31% below the pre-pandemic five-year average, the SMMT said. ...

Bloomberg The number of container ships headed for the busiest US port complex has risen to close to 100 under a new counting method, underscoring the magnitude of the economy-restraining logjam that the Biden administration is trying to help alleviate. The backup outside the adjacent ports of Los Angeles and Long Beach, California, involves 96 container carriers, up from 86 ...

Bloomberg Denmark’s government plans to reduce fiscal stimulus next year, citing an “incredible” shape of the Nordic economy in a budget deal agreed by the ruling Social Democrats and their supporting bloc in parliament. Measures including a tax cut for home improvement services would have a limiting effect on the gross domestic product of 0.1%, the finance ministry said in ...

Bloomberg Uber Technologies Inc and its London rivals will have to overhaul their business models in the city after losing a bid to challenge part of a landmark ruling which led its drivers to be re-classified as workers. UK judges ruled that the tech firm should enter into a direct contract with passengers when providing car journeys and therefore assume ...

Bloomberg Stocks and futures rise on Tuesday as concerns about the severity of the omicron virus variant receded and China pledged measures to support economic growth. Technology shares led gains in Europe’s Stoxx 600 Index and Nasdaq 100 futures rise. Chinese tech stocks also rebounded from last week’s rout, with Alibaba Group Holding Ltd soaring by the most since its ...

Bloomberg Stock investors probably have more important things to worry about than the emergence of the new coronavirus strain, according to Morgan Stanley’s strategists. While “not that concerned about omicron as a major risk factor for equities,” the strategists led by Michael Wilson see headwinds building elsewhere, after Federal Reserve Chairman Jerome Powell signaled the possible accelerated tapering of asset ...

Bloomberg Oil rises after Saudi Arabia boosted the prices of its crude, signalling confidence in the demand outlook despite the spread of the omicron variant of the coronavirus. Futures in New York advanced 2.9% to trade near $68 a barrel. The kingdom increased its oil prices for customers in Asia and the US for January, just days after the Opec+ ...