According to the latest news, Goldman Sachs says that the United Kingdom looks set to see faster economic growth than the United States this year. They announced on Monday that the country races ahead with its vaccination program after its decline in 2020, as the coronavirus pandemic hit the world. The bank announced in a …
Britain is likely to see faster economic growth than U.S. Read More »
According to a study released by a global reinsurance company, climate change’s toll on agriculture, disease, and physical infrastructure, in addition to redirected government spending, among other issues, could cause the global economy to lose $23 trillion, 10% of its value, by 2050. The Swiss Re Institute’s report shows that output could be 18% lower …
Climate change could cause the global economy to lose $23T Read More »
China’s biggest insurer, Ping An Insurance, has a set of green finance activities and quantitative performance targets. With the help of its financial product and service innovations, Ping An is hoping to support China’s goal. As we know, the Asian giant aims to achieve carbon neutrality by 2060. It also vau to support combat against …
Ping An has reported a set of green finance activities Read More »
According to state media, Chinese President Xi Jinping will give a speech On April 22 via video conference at a global leaders climate summit organized by U.S. President Joe Biden. Joe Biden has invited 40 world leaders to a two-day virtual gathering starting on Thursday. Scientists assume the world is severely lagging in tackling the …
Chinese President to speak at a climate summit on Thursday Read More »
As the COVID-19 vaccination continues and patients are recovering from long-lasting symptoms, it’s evident that the global economy starts rebounding. Remarkably, $26 trillion worth of crisis support and the arrival of vaccines have fueled a faster recovery than many anticipated. However, the destruction of jobs, widening inequalities among races, genders, generations, and geographies will leave …
China’s exports increased sharply in March. Imports growth rose to the highest in four years in yet another increase to its economic rebound. Significantly, it is signaling improving global demand amid progress in worldwide coronavirus vaccination. Last month Chinese exports gained 30.6% from a year ago in U.S. dollar terms. An impressive figure, however, still …
According to WRIC, a 74-year-old Virginia man developed a severe rash that spread across his entire body after getting the Johnson & Johnson coronavirus vaccine on March 6. Richard Terrell is the man who had the severe reaction. According to him, four days after getting the vaccine, he began to develop a painful rash on …
The man had a severe reaction after the J&J vaccine Read More »
U.S. President Joe Biden will unveil the first part of his economic recovery package this week. Significantly, the package focuses on rebuilding roads, bridges, and other infrastructure. Meanwhile, a separate plan centers around child and health care. White House press secretary Jen Psaki verified the administration’s plans to divide the package into two legislative proposals, …
Joe Biden economic plan to focus 1st on infrastructure Read More »
China is likely to lead the rebound of East Asia and Pacific economies in 2021. This is according to new World Bank forecasts. However, many nations will show sub-par growth as they struggle to emerge from the COVID-19 pandemic. Based on the World Bank’s latest East Asia and Pacific Economic Update, China’s economy will boost …
China will lead the recovery of East Asia and Pacific Read More »
According to U.S. Secretary of State Antony Blinken, the West must engage with Moscow to develop mutual interests but remain very clear-eyed. The announcement was made at the Biden administration’s first cabinet-level meeting with the NATO alliance. Jens Stoltenberg, NATO Secretary General, called on Russia to continue the dialogue altought a council that has not …
West must engage with Moscow to develop mutual interests Read More »
The computer chip shortage starts to hit automakers as they struggle to keep production and shipments of highly profitable pickup trucks going. After the chip shortage began, automaker companies committed to using the chips they have on hand in order to keep building their most widespread vehicles. Yet now, Ford and Stellantis are having a …
The computer chip shortage starts to hit automakers Read More »
Central banks all over the world started to pay more attention to cryptocurrencies. However, it is too early to say that many of them are ready to embrace cryptocurrencies. This week, Federal Reserve Chairman Powell said that cryptocurrencies remain an unstable storage of value. Moreover, the Federal Reserve is in no hurry to introduce a …
Jerome Powell and His Position Regarding Cryptocurrencies Read More »
According to a report by S&P Global Ratings, surging U.S. bond yields will not damage Asia’s emerging markets as severely as they did during the taper tantrum eight years ago. Taper tantrum describes the rise in U.S. Treasury yields in 2013 after the Federal Reserve reported it would wind down its quantitative easing, or asset …
Rise in U.S. bond yields won’t hurt Asia’s emerging markets Read More »
Just over a year since coronavirus transformed the world upside down, investors are starting to get over it. Inflation now has become the biggest tail risk that could cause the most damage. COVID-19 fears shook Wall Street to its core in March 2020. The Dow Jones Industrial Average crashed almost 3,000 points a year ago …
Portfolio Managers Think Inflation is Now the Top Risk Read More »
U.S President Joe Biden’s $1.9 trillion economic stimulus package made economists mark up their growth forecasts for not just 2021 but 2022 as well. According to Goldman Sachs, the United States economy will recover sharply from the COVID-19 pandemic, registering China-like GDP growth of 7% this year. Significantly, that would be the fastest pace for …
Goldman Sachs says the U.S. economy will recover sharply Read More »
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