Influencer marketing is evolving into what’s being called “the producer economy” consisting of content creators who seek to build their own media brands that are independent of social media platforms. This push for greater control over distribution also affects brands as they build their own media networks to engage consumers. […]
economy
Joe Biden’s ‘war economy’ policies are a radical break with the status quo
The Democratic platform thrashed out with Bernie Sanders and Elizabeth Warren is not to my free market taste. It reads in places like a Soviet five-year plan, replete with top-down targets that second guess the direction of fast-moving technology. There are pledges to install 500m solar panels and 60,000 wind […]
Spain’s ailing economy could become another headache for the eurozone
Rabobank economist Maartje Wijffelaars warns it will take years for Spain’s GDP to recover to pre-virus levels. “Job losses and weakened private and public balance sheets will put a lid on growth in demand, while losses in some hard-hit sectors take time to recover,” he explains. “Tourists will not catch-up […]
Europe risks languishing in slump as America’s economy powers ahead
The eurozone is on another economic planet. The Bank of Spain has just downgraded its GDP forecast again, expecting a contraction of up to 12.6pc this year, with full recovery pushed out until 2023. France has lifted its forecast slightly to minus 10pc this year (from minus 11pc) but may […]
What would a no-deal Brexit do to the economy on top of Covid-19?
After three years Tombs estimates overall prices will be around 2pc higher than they would have been without a deal, effectively clipping that amount from families’ living standards. Investment Business investment has been hit hard by the pandemic. Companies are focused on staying afloat, borrowing to avoid collapse instead of […]
We must stop turning the clock back and embrace this new economy
A “seat out to help out” scheme to revive empty theatres is one possibility. Free commuter trains and tubes to start persuading people back into the office is another. And of course, we have already munched our way through 100m half-price pizzas on the wildly successful “eat out to help […]
Are gig economy disrupters finally running out of road?
Charlie Thompson, an employment lawyer at Stewarts, says the “overwhelming direction of travel” in gig economy cases is in favour of the individuals. The Uber drivers argue they are entitled to workers’ rights but the ride hailing firm, which is appealing a 2016 employment tribunal decision, claims they are self-employed. […]
Tech stock volatility rocks Wall Street despite leap in jobs as economy recovers
SoftBank has been accused of being the “Nasdaq whale” that pumped up the US stock market with massive financial bets. According to the Financial Times, the Japanese conglomerate has bought billions of dollars’ worth of options linked to its prolific tech investments over the past month in what one anonymous […]
Trump is down but by no means out despite the struggling economy
Nobody would go so far as claim that the ongoing economic struggles are “good” for Trump, obviously. But what’s remarkable is how little evidence there is that the economy is harming him. What ultimately makes Biden the clear favourite still is not Americans’ economic pain, but Trump’s handling of the […]
Fear of virus is holding back economy, Andrew Bailey warns
Britain’s recovery is being held back by fears that Covid will strike again, Andrew Bailey has warned, with key parts of the economy still operating at far below normal levels. “Natural caution” among consumers and businesses has prevented a swift bounce back, the Governor of the Bank of England said. He added […]