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Nobel Prize in Economics awarded to Milgrom and Wilson for auction theory work – business live | Business

Nobel Prize in Economics awarded to Milgrom and Wilson for auction theory work – business live | Business

A Jobcentre Plus in London.

A Jobcentre Plus in London. Photograph: Yui Mok/PA

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Britain faces a surge in unemployment before Christmas, economists fear, as business struggle under lockdown restrictions and the government prepares new rules for areas where Covid-19 is the biggest threat.

The CEBR thinktank is warning this morning that at least 1.25 million more people are at risk of losing their jobs by Christmas, as it hikes its Christmas unemployment forecast.

With Covid-19 still battering the economy, more companies will be forced to lay staff off – particularly those who were furloughed since the lockdown.

As CEBR warns…

The job market outlook is negative for the coming months…

…the coming winter looks set to be a tough one.

That would push the jobless total towards three million – up from 1.4m this summer. It would drive the unemployment rate over 8% – for the first time in almost a decade.

UK unemployment rate

UK unemployment rate Photograph: ONS

The CEBR has calculated that 1.2m furloughed workers are at risk being laid off when the scheme expires at the end of the month, and that a further 300,000 are likely to be made redundant.

Worryingly, the CEBR doesn’t believe the government’s latest initiative — a new local furlough scheme for the hospitality industry announced on Friday afternoon — will make a major difference. It might save 250,000 jobs – or one-in-six of those at risk.

They explained:

The newly announced furlough scheme is well targeted to soften the blow for businesses in the hospitality sector which now seem most at risk from another shut down. However, from March/ April we know that there are a range of economic knock-on effects from lockdowns and not all businesses in need

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Can central banks keep holding off the Covid economic crisis? | Economics

Can central banks keep holding off the Covid economic crisis? | Economics

Having long been buttressed by ample liquidity, financial markets are entering the final quarter of 2020 amid an increasingly tentative global economic recovery, unusual political uncertainties and lagging fiscal and structural policy responses. And these headwinds come on top of the Covid-19 crisis, which has left most countries struggling to strike a balance between protecting public health, achieving a return to a semi-normal level of economic activity and limiting infringements on individual liberties.

In this context, the hope is that today’s generous liquidity conditions, enabled and supported by central banks, will continue to provide a bridge to a better 2021, not only reversing the economic and social damage but also delivering further gains to investors. But will this bridging operation, already deployed for several years to compensate for other headwinds, be sufficient to overcome what is an increasingly complex pandemic cocktail?

Recent economic data indicates that, outside of China and few other countries, the economic recovery remains uneven and uncertain, and is falling short of what is both needed and possible, in my opinion. Travel, hospitality and other service-sector activities continue to face considerable challenges, complicating the overall employment picture. Moreover, a growing number of companies in other sectors are pursuing “resizing” initiatives that will likely lead to less hiring or even a wave of layoffs.

Adding to these economic challenges are deepening political uncertainties, especially in the US. An already highly uncertain election process has been further complicated by Donald Trump’s Covid-19 infection. And now that a number of lawmakers have also contracted the virus, congressional deliberations on many vital matters have been delayed. The US Senate has been left with little time to consider anything other than the nomination of a new supreme court justice, which the Republican majority insists on pushing through before the end of

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Telecommunication Services Market 2020 | Overview, Growth, economics, Demand and Forecast Research Report to 2026

Telecommunication Services Market 2020 | Overview, Growth, economics, Demand and Forecast Research Report to 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 25, 2020 (The Expresswire) —
The Global Telecommunication Services Market 2020 Global Industry Size, Share, Forecasts Analysis, Company Profiles, Competitive Landscape and Key Regions 2026 Analysis, Latest Innovations, Impacting Factors, Deep-dive data Market have observed a rapid increase It additionally discussions approximately the market size of different segments and their boom components alongside with increase trends, diverse stakeholders like investors, Research Methodology, Top Manufactures, CEOs, traders, suppliers, Director, President, Research and media, SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the enterprise and More Understand about Telecommunication Services Market.

Key Questions Addressed by the Report:-

● Telecommunication Services Market Classify the problem areas in your business Prospects ● Telecommunication Services Market trend Understand the wants of current customers ● Telecommunication Services market Categorize new business opportunities and moving market trends ● Telecommunication Services Get History and Forecast 2020-2026, new areas for expansion, increase your customer base, Breakdown Data by Manufacturers ● Telecommunication Services Notice potential customers and their needs, which can be incorporated into your services ● Telecommunication Services Set achievable targets for commercial growth, sales, and latest product developments ● Telecommunication Services market Share Make knowledgeable market decisions about your services and develop effective strategies ● Telecommunication Services Market Lower Business Risks, Price, Revenue, Gross Margin, cost structure and Future Growth, rate, Current Position of key Vendors by Their Size ● Telecommunication Services about the future, Accepting the most reliable investment centers, Evaluating potential business partners ● What are the different applications and Type of Telecommunication Services

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Telecommunication Services Market Competitive Landscape

The last chapter of the research report on the global Telecommunication Services market focuses on the key players and the competitive landscape present in

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