Maldives to offer holidaymakers vaccines on arrival in a push to revive tourism

Maldives will soon offer visitors vaccinations on arrival as part of its three-pronged initiative aimed at reviving the country’s hard hit travel sector, according to its tourism minister. The “3V” strategy, which encourages tourists to “visit, vaccinate, and vacation,” will provide a “more convenient” way to visit the country, Abdulla Mausoom told CNBC on Wednesday. … Read more

EU to borrow around 150 billion euros annually for recovery fund

The European Commission plans to borrow around 150 billion euros annually until 2026 to finance the bloc’s unprecedented plan to make its economy greener and more digitalised, making it the biggest issuer in euros, a document from the Commission showed. The financing for the EU economic plan, agreed at 750 billion euros in 2018 prices, … Read more

Gas tax is not being considered in Biden’s infrastructure plan, White House says

White House Press Secretary Jen Psaki delivers remarks during a press briefing at the White House in Washington, February 8, 2021. Carlos Barria | Reuters The Biden administration is not considering a hike to the federal gasoline tax as a way to help pay for its landmark infrastructure proposal, according to the White House’s top … Read more

Retailers look to innovate and tempt customers back to physical stores

A shopper browsing through secondhand clothes at a pop-up swap event in Singapore. CATHERINE LAI | AFP | Getty Images LONDON — The future of physical stores has been called into question by the coronavirus pandemic, but experts believe the key to survival will be reinvention. For some time now, retailers have tried to attract … Read more

Market braces for key inflation report Tuesday that may test the Fed’s mettle

Shoppers wearing protective masks push shopping carts inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images The pace of consumer inflation is likely to have returned to prepandemic levels in March, and it is expected to heat up even more in the next … Read more

Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economy

Federal Reserve Chairman Jerome Powell Kevin Lamarque | Reuters Despite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell on Sunday reaffirmed the central bank’s commitment to keep loose monetary policy on place. That includes a statement of near-certainty that interest rates won’t be going anywhere as inflation remains tame and … Read more

Biden has options beyond a corporate tax hike to pay for infrastructure as negotiations get underway

Wind turbines and power transmission lines at a wind farm near Highway 12 in Rio Vista, California, on Tuesday, March 30, 2021. David Paul Morris | Bloomberg | Getty Images As President Joe Biden attempts to curry favor for his proposed corporate tax hike, the administration still has other ways it could try to fund … Read more

Lagarde sees strong rebound for EU economy in second half, expects U.S. to meet inflation goal soon

European Central Bank (ECB) President Christine Lagarde gestures as she addresses a news conference on the outcome of the meeting of the Governing Council, in Frankfurt, Germany, March 12, 2020. Kai Pfaffenbach | Reuters Despite a difficult struggle against the Covid-19 pandemic, the European Union will hit its economic stride later this year, European Central … Read more

Stocks making the biggest moves midday: Levi Strauss, FuboTV, Honeywell and more

A man wears Levis Strauss & Co. clothing during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, March 21, 2019. Jeenah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Levi Strauss – Shares of the retailer jumped … Read more

Fed’s Brainard says the economy is improving but is still ‘far from’ where it needs to be

Federal Reserve Governor Lael Brainard said Wednesday that while the U.S. economic outlook has “brightened considerably,” it remains well away from the central bank’s goals. “Brighter outlook, but of course our monetary policy forward guidance is premised on outcomes not the outlook, and so it is going to be some time before both employment and … Read more