Sailing past pristine islands and turquoise lagoons, the first cruise ship offering Saudi tours serves a twin purpose — jump-starting tourism despite coronavirus fears and showcasing austerity-defying megaprojects planned along the Red Sea. In August, the cruise liner Silver Spirit began offering tours along the unspoilt Red Sea coastline which […]

Facing resurgent virus infections, Spain’s government on Wednesday unveiled an EU-funded recovery plan aimed at creating over 800,000 new jobs and yanking the country out of its worst economic slump in decades. The pandemic has pulverised Spain’s tourism-dependent economy, with the government warning Tuesday that GDP would fall by 11.2 […]

As if the president didn’t have enough to worry about Friday, it looks like his economic recovery is sick, too. © Provided by Slate Airline industry workers at a protest in Chicago on Sept. 9. Kamil Krzaczynski/AFP via Getty Images Job growth slowed drastically in September, the Bureau of Labor […]

The pandemic continues to decimate the nation’s economy. Real people are in real pain. State and local governments face unprecedented budget gaps. All eyes turn to Washington, where dysfunction has reigned for months. There’s one last chance before the presidential election to get needed relief to the unemployed, to struggling […]

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Business sentiment in Japan is recovering slower than expected in a worrying sign that the bounce back from Covid-19 will take a long time. The closely watched Tankan survey of large manufacturers rose by only seven points from -34 to -27 in the third quarter, compared with consensus expectations of […]