Tag: recovery

Coronavirus: Chinese retail giant Alibaba sees ‘recovery’ after virus

Image copyright Getty Images Chinese e-commerce giant Alibaba said it has seen a “steady recovery” in the country since March, but warned that the path to an economic rebound remains uncertain. The firm’s sales grew 22% in the three months to 31 March, despite virus-related restrictions denting activity. The gain was stronger than expected, driven by demand for groceries, electronics… Read more →

Coronavirus: ‘Huge challenges’ for NI recovery from Covid-19

Image copyright Getty Images Image caption The retail sector has been badly hit There will be “huge challenges” for Northern Ireland’s economy in the future because of the Covid-19 pandemic, Arlene Foster has warned. The first minister cited recent unemployment figures in NI, which rose by almost 90% in April. Mrs Foster said she has “real concerns” about what will… Read more →

UK ‘must prioritise green economic recovery’

Image copyright Getty Images Boris Johnson needs to prioritise a green UK economic recovery following the coronavirus crisis, says bosses from leading firms. They called for polluting industries “without a proper climate plan” to be excluded from government help. Government advisors recently warned that the UK must not fall into a deeper climate crisis. Mr Johnson is expected to make… Read more →

Scotland’s economic recovery should ‘prioritise broadband over roads’

Image copyright Getty Images Image caption The committee says there is an opportunity to “embed new social norms” like home-working The Scottish government’s economic recovery plan should prioritise broadband investment over roads, the Committee on Climate Change has said. The committee has written to ministers after Environment Secretary Roseanna Cunningham requested advice on a “green recovery” for Scotland. It suggested… Read more →