Bloomberg The US economy is unlikely to snap back quickly and may not return to normal until 2021, according to the chief of one of the nation’s biggest ports, after a government report raised hopes for a faster-than-expected rebound from a pandemic-induced recession. Even after the Labour Department’s surprisingly positive numbers on employment in May, “I’m still not convinced that ...

Bloomberg An investment company backed by billionaire banker Joseph Safra is considering a takeover bid for airport foreign exchange provider Travelex Holdings Ltd, the Mail on Sunday reported, citing financial industry sources. The Safra bid comes after Finablr-owned Travelex appointed PWC to find a buyer for the unit. On April 30, Finablr disclosed that its debt burden stood at around ...

Bloomberg Canada’s labour market is showing signs of strength after months of Covid-19 destruction, but weakness in the jobs market for women is holding back the pace of the recovery. Recent labour market data show men are disproportionately benefiting from the phased reopening of the economy while women are struggling. In May, men recouped 14% of the nearly 1.5 million ...