BERLIN—Daimler Truck, the world’s largest truck and bus maker, expects only a moderate market ramp-up of its first electric truck model, eActros, due to its high price, the sales head of Daimler’s brand Mercedes-Benz Trucks said. The cost of an electric truck is three times as much as one with a combustion engine, Andreas von…
Asda Launches First Full-Range One-Hour Delivery for Groceries
Asda has become the first UK supermarket to offer a full range of grocery products in a one-hour delivery service, as it tries to capture some of the territory held by Amazon. Rivals such as Morrisons, Tesco, and Sainsbury’s already offer one-hour delivery via other providers such as Deliveroo, Uber Eats, and Amazon. However, they…
Brits Ramped Up Savings in 2021 Lockdown, Data Show
Brits squirrelled away their wages, profits, and pandemic handouts during this year’s spring lockdown, taking household savings to near-record levels, according to official figures. The data from the Office for National Statistics also show that GDP contracted during that first quarter of the year by more than expected, dropping by 1.6 percent compared with the previous…
Fueling Your Body Is Key to Fueling Your Business
Article by Dr. Jerry Bailey Few entrepreneurs are aware of how their diet affects their mental health along with how the foods they eat mitigate their ability to handle stress. Over the last few years, our collective mental state has declined immensely from isolation in quarantine and the poor choices in foods we have been making….
Australian State Budgets Serve Up More Debt on the Menu
June 29, 2021
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The dramatic transformation of Australia’s fiscal landscape by the COVID-19 pandemic has been confirmed by the latest round of state and territory budgets for New South Wales (NSW), Victoria (VIC), Queensland (QLD), South Australia (SA) and the Northern Territory (NT). Their collective shares of GDP cover some 85 percent of the national economy. Western Australia,…
Jobs Recovery Gains Speed In States That Are Ending Federal Benefits
WASHINGTON—Many economists are scrambling to work out if the federal pandemic unemployment benefits have really discouraged workers from returning to work. There is a variety of factors contributing to the current labor shortage, they say. Early signs, however, show an acceleration in the labor market recovery in states that have ended the supplemental federal benefits early. Severe…
US Consumer Confidence Races to More Than One-Year High in June
WASHINGTON—U.S. consumer confidence increased in June to its highest level since the COVID-19 pandemic started more than a year ago, bolstering expectations for strong economic growth in the second quarter. The Conference Board said on Tuesday its consumer confidence index jumped to a reading of 127.3 this month, the highest level since February 2020, from…
United Airlines Places Biggest Ever Jet Order in Push for Growth
United Airlines confirmed its largest-ever order for Boeing and Airbus jets on Tuesday, lining up 270 planes in a push for post-pandemic growth with bigger jets for domestic flying. The order for 200 Boeing 737 MAX and 70 Airbus A321neo jets, worth $30 billion at list prices, will boost United’s seating capacity across it domestic…
Ohio Can Sue VW Over Emissions Scandal, State’s Top Court Rules
Ohio’s Supreme Court on Tuesday cleared the way for the state’s attorney general to move forward with a lawsuit against Volkswagen AG over its “Dieselgate” scandal and manipulation of emissions-control systems. The court ruled 6–1 that the federal Clean Air Act did not pre-empt state law-based claims that Ohio Attorney General Dave Yost is pursuing,…
Analysts Calculate Sobering Economic Impacts by 2030 on Path to Net Zero 2050
Analysts are saying some of the steps required to approach 2030 targets come with significant economic and societal costs
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