Explaining the world, daily The Economist explains THE ECONOMIC recovery in Europe and America has set investors on edge about inflation. Annual inflation in the euro zone reached 2% in May, up from 1.6% in April and the highest since October 2018. Germany’s annual rate rose to 2.4% in May, and the Bundesbank forecasts that it could soon reach 4% for the first time in nearly 30 years.
(BPT) - Following the enactment of the American Rescue Plan Act on March 11, the IRS moved quickly to deliver the third round of Economic Impact Payments (EIP) with the first batch of direct deposits initiated on March 12. Some eligible individuals will receive their EIP in the form of a check and others by prepaid debit card.
Inflation is picking up across sectors and is increasingly set to be passed on to consumers, according to a broad survey of economic activity. The prospect of rising costs is not enough to dampen business or consumer sentiment, however. Bank of Ireland’s Economic Pulse for May shows growing inflationary pressures, with 78pc of construction firms, 67pc of firms in industry and just under half of retailers reporting rising input costs.
More than a year after the COVID-19 pandemic began, small businesses and nonprofit organizations across the country still seek financial assistance to deal with the economic ripple effects. The most pressing question being when Paycheck Protection Program (PPP) funds run out, what should you do?
Date published: 20 May 2021 Over £12m has been recovered from organised criminals in the last year by Greater Manchester Police’s Economic and Cyber Crime Section. Since April 2020, specialist investigators have obtained court orders valued at nearly £11m under the Proceeds of Crime Act: just short of £2m has been obtained as a result of Confiscation Orders following a conviction from an acquisitive offence, and around £9m has been forfeited under Civil Recovery Legislation.
The team attacking the financial assets of organised criminals and recovering over £12 million from crime over the last year
Date published: 19 May 2021 It's been Greater Manchester Police's Economic and Cyber Crime section's most successful year to date in terms of asset recovery. Since April 2020, specialist investigators in the Economic and Cyber Crime Section, as well as investigators based around the districts of Greater Manchester, have obtained Court orders valued at nearly £11,000,000 under the Proceeds of Crime Act.
Danielle Miller, 31, allegedly accessed the Economic Injury Disaster loan by using the information of other people, which meant she received over $100,000 (£70, 921) An influencer known for flaunting her luxury lifestyle on social media has been accused of obtaining a pandemic relief loan to fund her first class jet-setting.
Another round of stimulus payments is on the way, the Internal Revenue Service announced.The payments are the ninth batch of Economic Impact Payments from President Joe Biden’s American Rescue Plan.In all, the plan - which includes stimulus payments of up to $1,400 per person - has distributed some 165 million stimulus payments with a value of about $388 billion.
A year after most eligible Americans received—and probably spent—the first federal stimulus checks of the COVID-19 era, the Internal Revenue Service continues to sit on roughly $2.1 billion in payments that were never accepted by their intended recipients.In all, according to the IRS, of the roughly 160 million payments that were sent out in the first round of stimulus following the passage of the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act in March of 2020, about 1.25 million have never been cashed or were returned or paid back to the U.S. Treasury.
ECONOMIC recoveries in the UK and US after the pandemic could fuel a rise in Euroscepticism if the European Union fails to keep up according to an expert in European affairs.Europeans may grow increasingly disillusioned with Brussels in the event the economies of the UK and US bounce back quickly while those of the member states stall.
Tyson Foods plans to invest $48 million in its poultry operation in Pine Bluff.Company officials say nearly 70 jobs will be created by the project, which is expected to be complete by late 2021.“The demand for convenient, high-quality chicken products continues to grow and we’re investing in projects that meet the needs of our customers and consumers,” said Donnie King, chief operating officer for Tyson Foods.
(Reuters) - Italy has hiked its target for this year's budget deficit to 11.8% of gross domestic product from an 8.8% projection made in January, a government source told Reuters.The new target is contained in the Treasury's annual Economic and Financial Document (DEF) which Mario Draghi's cabinet approved at a meeting on Thursday.
Jersey's medicinal cannabis licensing is to be reviewed by a panel of politicians.The Economic and International Affairs Scrutiny Panel, formed by Deputy David Johnson, Deputy Stephen Luce and Senator Pallett, will: Assess how robust the application process is to " is to ensure thorough due diligence is undertaken on applicants."
In a letter sent Tuesday to YouTube CEO Susan Wojcicki, the United States House Oversight and Reform Subcommittee on Economic and Consumer Policy said YouTube does not do enough to protect kids from material that could harm them.
The IRS has started sending out its second batch of coronavirus economic stimulus payments, with many being delivered this time by mail as paper checks or debit cards.
No stimulus check yet? Use IRS 'Get My Payment' tool to find the status of new COVID-relief payments
But before you start entering your information hourly, the IRS says the tool “updates once per day, usually overnight” and that people should “not call the IRS.
THE ECONOMIC controls implemented during the second world war make today’s restrictions on restaurants and football stadiums look lax.In America the government rationed everything from coffee to shoes and forbade the production of fridges and bicycles.
The recovery from the shock of the pandemic is here.
March 3 (Reuters) - U.S. mortgage rates jumped by the most in nearly a year last week to their highest level since July on the heels of a surge in Treasury bond yields, which are moving up on expectations of an economic rebound in the months ahead as coronavirus vaccines