Fri, March 29, 2024

Economy

Singapore and its economy

Singapore’s Economy Surpassed Expectations in the Q4

Singapore as well as other countries had to deal with numerous challenges created by Covid-19 in 2021. Still, the country’s economy grew slightly more than expected in the fourth quarter from a year earlier, preliminary data showed on Monday. It saw an uneven recovery last year as countries changed their coronavirus strategies regarding the pandemic. …

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Crypto millionaires and Puerto Rico

Why Crypto Millionaires Are Moving to Puerto Rico

Crypto millionaires are looking for crypto-friendly places. Many of them decided to move to Puerto Rico. It offers legal and financial incentives, great weather, as well as a critical mass of cryptocurrency gurus. The surge is helping reshape the Caribbean island into America’s homegrown answer to Dubai. Controversial YouTuber Logan Paul moved to Puerto Rico …

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Aviation and sanctions

Airlines Are Trying to Solve Issues Created by the Omicron

The omicron variant of Covid-19 had a huge impact on airlines. Unfortunately, they called off more than 2,000 flights since Christmas Eve as the rapid spread of Covid’s new variant drove up sick calls from flight crews. As a result, the staffing shortages disrupted travel for thousands of passengers, many of whom skipped holiday travel …

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China is Using its Zero-Covid Policy Ahead of Olympics

China is Using its Zero-Covid Policy Ahead of Olympics

The people’s Republic of China is famous for its zero-Covid policy. The world’s second-largest economy adopted strict pandemic control measures. It adopted strict measures as part of its policy of seeking to drive new transmissions to zero, leading to frequent lockdowns, universal masking as well as mass testing. Its policy has not been entirely successful. …

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Maersk Continues to Expand its Operations

Maersk Continues to Expand its Operations

Maersk is the biggest container shipping line in the world. Nonetheless, the company continues to expand its operations. The company from Denmark made an important announcement on Wednesday. It reached an agreement to acquire LF Logistics, a Hong Kong-based contract logistics company for $3.6 billion. The deal is subject to regulatory approvals and is expected …

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Why Qatar Airways is Not Happy with Airbus A350

Why Qatar Airways is Not Happy with Airbus A350

Qatar Airways made an important decision. It is taking Airbus to court, charging Airbus for failing to correct what the airline says is accelerated surface degradation impacting the Airbus A350. The company’s CEO, Akbar al-Baker, likes to defend the company’s interests. On Monday, Qatar Airways stated that it is seeking a rapid resolution in the …

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dollar, employment, Economy and education

Labor Productivity Rate Fell at the Fastest Pace in Decades

In the third quarter, labor productivity dropped at the fastest rate in a long time according to a Labor Department report. Importantly, in a measure of output versus energy, nonfarm business sector productivity dropped 5.2% from the previous three-month period. The result surpassed expectations. The labor productivity rate dropped at the fastest pace since the …

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China called for a rejection of hegemonic power structures, stock

China’s Property Sector and its Main Challenges

Real estate companies in China have to cope with various issues on a daily basis. Financial distress among the country’s real estate companies came to the forefront in the last several months as China Evergrande Group and other developers struggled to deal with financial problems. The state of the country’s property sectors is far from …

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