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Governments and companies in developing countries applied for loans in foreign markets at a record pace in early 2021, but investors say the risks increase as some countries support a resurgence of coronavirus. Lending through Eurobonds reached a new quarterly high in the three months following March, with fundraising reaching $ 191 billion.
Activity in the services sector of the euro area returned to growth in April for the first time since last summer despite continued restrictions to limit the spread of coronavirus, while factories reported that record expansion. The IHS Markit Eurozone Flash Purchasing Managers Index for Services rose to 50.3 in April, from 49.6 in March.
Senior bankers and business leaders they have warned this adoption of the new UK payday loan scheme has been slow, blaming more strict controls and higher interest rates compared to other pandemic support systems. In the first week the applications stood at the “low thousands”, with fewer accepted as potential borrowers.
The British opposition party on Friday he asked the government to explain why Greensill Capital was approved last year to provide loans through a Covid-19 support plan, although at the time it was clear that the company was financial problems. Labor demanded Chancellor Rishi Sunak publish all logs of text messages, calls and informal meetings.
U.S. regulators have recommended medical service providers resume use Johnson & Johnson’s Covid-19 vaccine after concluding the benefits outweighed the risks of serious blood clotting problems. The Food and Drug Administration and the Centers for Disease Control and Prevention said Friday that they were raising their first recommended break.
World oil activity is recovering, but the recovery of the American shale compared to last year fall in the price of crude oil It remains moderate, Schlumberger, the world’s largest oil field service company, said Friday. He reported the company a fall in fourth-quarter earnings, but exceeded analysts ’net earnings and earnings per share forecasts.
Volkswagen has warned senior executives to achieve greater production success in the second quarter than the first due to global chip shortages. The crisis, which began last year but was exacerbated by Texas storms and a fire at a chip factory in Japan, comes just as manufacturers go post-pandemic recovery.
American consumers are leading the rebound according to travel and entertainment spending, according to American Express, but weak demand could mean general travel spending won’t recover for years. By the end of 2021, the company expects spending on travel and entertainment across the group to recover 70% from pre-pandemic levels.
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