Mon, 28 Sep 2020

JERUSALEM -- New coronavirus restrictions and a full nationwide lockdown will pose a substantive risk to Israel's financial system, according to a report issued by the state's central bank on Tuesday.

Due to the current second wave of high morbidity in Israel, the cabinet is expected to consider next week the reimposition of significant restrictions, including full lockdowns. (Israel-Bank-COVID-19)

- - - -

LONDON -- Britain has seen the largest quarterly drop in employment since 2009, as 220,000 fewer people were on the payroll in the second quarter compared with the previous one, official statistics showed on Tuesday.

Estimates for April to June showed 32.92 million people aged 16 years and over in employment, 113,000 more than a year earlier but 220,000 fewer than the previous quarter, according to data from the Office for National Statistics (ONS). (UK-Unemployment-Coronavirus)

- - - -

JOHANNESBURG -- The African Union Development Agency (AUDA-NEPAD) on Tuesday launched a program to help Africa's Micro, Small and Medium Enterprises (MSMEs) to adapt business operations in the era of the COVID-19 pandemic.

AUDA-NEPAD, in partnership with Ecobank Group, launched the MSME Academy which will give access to practical training and resources on financing opportunities in various countries, materials on how to build digital presence for businesses and how to adapt business operations in the era of the COVID-19 pandemic. (South Africa-AU-MSMEs)

- - - -

BERLIN -- Economic sentiment in Germany "increased again significantly" in August after having declined slightly in the previous month, according to the monthly expert survey published by the Leibniz Center for European Economic Research (ZEW) on Tuesday.

The ZEW indicator of economic sentiment increased by 12.2 points compared to the previous month to 71.5 points, according to the survey. This was the highest level since January 2004. (Germany-ZEW-economic sentiment)

- - - -

WASHINGTON -- U.S. businesses are not leaving the Chinese market despite "an unprecedented downturn" in U.S.-China relations during the COVID-19 pandemic, according to an annual member survey released Tuesday by the U.S.-China Business Council (USCBC).

"Both our data as well as conversations with member companies indicate that American companies remain committed to the China market over the long term," said the survey. (US-China-Trade-USCBC,2ND LD WRITETHRU)

- - - -

SEOUL -- South Korea's employment kept falling for the fifth consecutive month as companies led employees to go on an unpaid leave or be laid off amid an economic fallout from the COVID-19 outbreak, statistical office data showed Wednesday.

The number of those employed totaled 27,106,000 in July, down 277,000 from a year earlier, according to Statistics Korea. (S.Korea-Employment-Falling)

Sign up for Germany News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!