Rolling coverage of the latest economic and financial news, as coffee chain becomes latest UK retailer to cut jobs in the pandemicFull story: Jobs at risk at CostaAssistant manager jobs to be cutAmazon to hire 10,000 staffUK services sector is growing, and laying off staffEarlier:Paris unveils economic stimulus plan 2.55pm BST Encouraging economic news from the US – the service sector grew in August at the fastest rate in 17 months.Companies took on new staff, to help handle a jump in new business, reports data firm Markit. That lifted the US services PMI index to 55 (showing decent growth) from 50 (showing stagnation). U.S. service sector output expanded at the quickest rate since early-2019 in August. The headline Business Activity Index rose to 55.0 (Jul: 50.0) amid a renewed upturn in new orders, while firms increased their staffing levels sharply. Read more: https://t.co/km7T4J48ud pic.twitter.com/BNIzMnnXqb 2.52pm BST Although tech stocks are down, out-of-favour shares in banks and energy companies are up on Wall Street.That’s helping the Dow Jones industrial average to rise above last night’s six-month high; currently it’s up 56 points or 0.2% at 29,157.Stocks opened slightly lower Thursday, taking a breather a day after the Dow Jones Industrial Average closed above 29,000 for the first time since February. https://t.co/6XGdeerlf3 pic.twitter.com/kYS0qEUgKp Continue reading…
Via: France launches €100bn stimulus plan to drive Covid-19 recovery – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…