Marketplace®

Daily business news and economic stories

Jonathan Frewin

Latest from Jonathan Frewin

  • In a busy week for earnings, global banks and energy giants are posting strong financial results.
    Anthony Wallace/AFP via Getty Images

    From the BBC World Service: Better-than-expected profits for Europe’s largest bank HSBC and energy giant BP show signs of economic recovery. Plus, sports carmaker Lotus unveils its last gas-powered model as it prepares for an electric future. And, the Scottish investment firm that’s removing most of the vowels from its brand name.

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  • Capital expenditures include equipment and technology like computers and point-of-sale systems in restaurants.
    Maja Hitij/Getty Images

    Durable goods orders for March were up, and a new survey from the National Association for Business Economics found that 32% of respondents say their businesses are spending more on equipment, technology and other capital expenditures. Plus, more market reaction to plans for higher taxes on the wealthy. And, France has passed a law to protect the sounds and smells of the countryside as part of its heritage.

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  • The doors to Europe might be opening
    Sean Gallup/Getty Images

    Americans who’ve been fully vaccinated against COVID may soon be allowed to travel to the EU. European Commission President Ursula von der Leyen told The New York Times this should be possible since the vaccines approved in the U.S. are also approved in Europe. Plus, the FDA will reevaluate cancer drugs with expedited approval for some conditions. And, how the February deep freeze in Texas hit plants and tree growers.

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  • Outrage as India orders removal of critical Twitter posts
    Diptendu Dutta/AFP via Getty Images

    From the BBC World Service: India’s government made an emergency order to censor tweets that were critical of how the country has handled the pandemic, prompting more criticism on social media as India continues to set new records for daily COVID cases. Also, as the EU hints at opening up for American tourists this summer, Italy eases COVID restrictions. And, the appeal of working from home in one of Cornwall’s fishing villages.

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  • Rising temperatures, higher sea levels, falling crop yields and wildfires are also likely to reduce global wealth significantly by 2050.
    Samuel Corum/Getty Images

    A new report from Swiss Re, one of the largest insurance companies in the world, contains dire warnings about climate change and how rising temperatures, higher seas, falling crop yields, and wildfires are also likely to cut into global wealth significantly within 30 years. Plus, more details on President Biden’s expected proposal to increase taxes on the wealthy. And, a Republican proposal on infrastructure spending.

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  • Biden expected to unveil plans for tax increases on wealthy Americans
    Al Drago/Pool/Getty Images

    More information is trickling out, including the idea of upping the tax when on capital gains. Plus, the Supreme Court rules there are limits to the Federal Trade Commission’s ability to order fraudsters to return money to people who were ripped off. And, Los Angeles Mayor Eric Garcetti’s proposal to spend $1 billion to help people experiencing homelessness.

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  • A record COVID surge in India is putting pressure on hospital beds and oxygen supplies.
    BBC News

    From the BBC World Service: With India’s daily COVID cases soaring and a “double mutant” variant, industrial oxygen use is being curbed. Hospitals are struggling with shortages of oxygen, medication and beds. Plus, the teenage entrepreneur distributing hand sanitizer in a “gel card.”

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  • Biden is pledging to cut U.S. greenhouse gas emissions by at least 50% by the year 2030, using a 2005 baseline.
    Andrew Harnik/Pool/Getty Images

    That’s what President Joe Biden is pledging the U.S. will do by the end of the decade. The announcement is part of a virtual climate summit that started today. Plus, after the murder of George Floyd, the University of Miami pledged to support research and academic projects aimed at dismantling racism. That’s led to a program in Native American and Indigenous studies.

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  • Thirteen other states have adopted California's emissions standards, including New York, Pennsylvania and New Jersey.
    Justin Sullivan/Getty Images

    There’s word the Biden administration is about to drop a lawsuit against California over its authority to regulate auto emissions, as The Wall Street Journal reports. We look at how that affects automakers and the rest of the country. Plus, a tax credit for smaller businesses to help with paid time off for employees getting vaccinations. And, revisiting the deadly freeze in Texas from February: How are farmers faring two months after the icing devastated crops?

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  • As the European Super League loses founding members, focus has turned to Germany where a clubs have a "50+1 rule" guaranteeing club members a controlling stake. As a result, fans have more power.
    Lars Baron/Getty Images

    From the BBC World Service: Trade tensions between Australia and China escalate in a fresh dispute over Belt and Road Initiative plans. Also, the U.N. warns 3 million more people may go hungry in the aftermath of the February military coup in Myanmar. And, as the European Super League crumbles, a look at how a German model for sports ownership could be a template for the rest of the region.

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Jonathan Frewin