Ho Chi Minh City could lift lockdown, end ‘zero COVID-19’ policy

Customers search for food on near empty shelves that were depleted due to panic buying amid the coronavirus disease (COVID-19) pandemic in Ho Chi Minh City, Vietnam August 21, 2021. REUTERS/Stringer HANOI, Sept 3 (Reuters) - Vietnam's coronavirus epicentre Ho Chi Minh City, which has kept residents confined at home under lockdown, is considering reopening economic activity from Sept. 15,…

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Economy adds just 235K jobs in August as delta hammers growth

The U.S. added 235,000 jobs in August and the unemployment rate fell to 5.2 percent as the economy appeared to falter under surging coronavirus cases, according to data released Friday by the Labor Department.Economists had expected employment growth to slow slightly in August to a gain of roughly 750,000 jobs, according to consensus forecasts, amid falling consumer confidence and disruptive…

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Economy gained 235,000 jobs in August vs. 720,000 expected, in sign of delta’s impact

The U.S. economy added just 235,000 jobs in August, compared to the 720,000 expected by economists, in a sign that the delta variant of the coronavirus is weighing on economic growth.The unemployment rate fell to 5.2 percent from 5.4 percent, according to Friday’s release of monthly data from the Bureau of Labor Statistics.The data kept forecasters guessing heading into Friday’s…

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‘We shouldn’t let a good crisis go to waste’

U.S. economist Joseph Stiglitz believes now is a good time to rewire the U.S. economy, arguing that "we shouldn't let a crisis go to waste."The former senior vice president and chief economist of the World Bank said on Thursday that the coronavirus pandemic has highlighted how the economic system isn't working, referencing inequality, the climate crisis and the lack of…

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From dried fruit to bike repair, Cuban entrepreneurs prepare for a more open economy

HAVANA, Aug 27 (Reuters) - Cuban entrepreneurs, running businesses ranging from selling dried fruit to repairing bikes and developing software, are scrambling to understand the opportunities and challenges ahead after a landmark change in the rules governing the Communist-run economy.Earlier this month, the government released regulations about a reform that would allow small- and medium-sized ventures to formally incorporate as…

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Afghanistan is ‘weeks to months’ from economic collapse, experts say

Afghanistan’s economy is headed toward collapse without swift action from the international community, experts have warned. The country’s cash-based economy was struggling before the Taliban’s recent ascension, and the Islamic movement’s sudden takeover has left the country’s finances in limbo — with assets frozen, banks closed and crucial foreign aid stalled. There’s little faith that the hard-line Taliban will be able to turn things…

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Americans losing confidence in US economy as delta variant drives COVID-19 surge

St. Louis Federal Reserve President James Bullard argues the markets are ready for the Fed to dial back on asset purchases. Americans' confidence in the U.S. economy is waning as the highly contagious delta variant drives a COVID-19 surge nationwide.   That's according to a new survey published Friday by Gallup, which found that 60% of respondents think the economy…

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