Business News

G20 FOREIGN MINISTERS DISCUSS EASING TRAVEL RESTRICTIONS

G20 foreign ministers on Thursday sought international cooperation over easing travel restrictions and reopening borders, as months of coronavirus shutdowns exert a drag on the global economy. National shutdowns of varying intensity and duration have taken a toll on livelihoods around the globe as businesses are shuttered, revenues plunge and…

Bicycle Imports Increased to IDR 577 Billion, 95% Coming from China Bicycle imports during the first half of this year jumped to 24.8%.

The sports trend that increased during the corona pandemic also boosted bicycle imports to the country. The Central Statistics Agency (BPS) noted that the value of bicycle imports during the first semester of 2020 jumped to 24.82% on an annual basis or year on year (yoy) compared to the same…

Italy, Russia and France Lead Travel & Entertainment Spending Recovery in G20 Countries

Despite the challenges brought on by COVID-19, there are promising signs in consumer spending – including hard-hit sectors like travel, according to Mastercard Recovery Insights. Today, Mastercard released Recovery Insights: Travel Check-In, the second report in its series focused on the impacts of the pandemic, including emerging trends in travel…

Italy factory activity grows for second month in Aug: PMI

Italian manufacturing activity increased for a second month running in August and at its fastest rate for more than two years, a survey showed on Tuesday, raising hopes for a firm economic rebound following the coronavirus lockdown. The IHS Markit Purchasing Managers' Index (PMI) rose to 53.1 last month from…
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