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Thursday, July 2, 2020

Fitch: Sub-Sahara African debt burdens rising faster than elsewhere

LONDON, June 30 - Government debt burdens across sub-Saharan Africa are rising at a faster pace and to higher levels than elsewhere in emerging markets, heightening the risk of further rating downgrades and defaults, ratings agency Fitch warned on Tuesday. Emerging markets have been...

Critics endorse Nigeria’s WTO nominee over negotiating skills, outsider advantage

WTO has never been led by an African or by a woman before Okonjo-Iweala says WTO challenges “not insoluble” Stresses need for reform, including of appeals court By Emma Farge GENEVA, June 30 (Reuters) - Nigeria’s candidate to head the World Trade Organization (WTO) said she feels “strong...

Factsheet from the Global Economy This Week – 290620

According to the Bureau of Economic Analysis, the US economy shrank by an annualized 5% in the first quarter of 2020, in line with the previous estimate and ending the most prolonged period of expansion in the country's history. It marked the largest drop in...

REVEALER: Who China’s Xi Jinping really wants to win the 2020 U.S. election

China is creating new facts on the ground, expanding its influence across the world – from the Balkans to the South China Sea – as the United States wrestles with the myriad distractions of coronavirus, recession, racial upheavals and presidential elections. In the debate over...

Economic carnage wrought by COVID-19 hastens sovereign wealth funds’ refocus to home

Sovereign wealth funds investing more at home Trend to quicken after economic rout Risk of missing out on cheap deals overseas Lion’s share of investments still overseas By Tom Arnold LONDON, June 25 - Famed for snapping up glitzy real estate and stakes in troubled international banks during...

Coronavirus: Sweden starts to debate its public health experiment

The two sides of Sweden’s against-the-grain coronavirus strategy are visible from a small square in north-eastern Gothenburg. On one side lies Gerashus care home, where more than a quarter of residents have died in the past three months, most of them from Covid-19. At the...

Eurozone business downturn slows as virus restrictions ease

The downturn in European business activity slowed markedly in June as restrictions to contain the coronavirus crisis were eased, according to a closely watched survey that added to signs of a recovery in the region’s economy. Businesses reported stronger signs of normalisation than expected in...

How the stock market rally is feeding on itself

The emergence of brash retail traders who think stocks only go up has been one easy explanation for the surprisingly strong market recovery since March. Some analysts, however, argue the rebound has more to do with the same technical factors that exacerbated the initial bear...

Pompeo condemns China’s Africa lending, says it creates unsustainable debt burdens

WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo on Wednesday blasted China’s policy on lending to African countries, reiterating Washington’s charges that it creates unsustainable debt burdens. China’s President Xi Jinping indicated in a speech at a China-Africa summit last week that Chinese financial...

Coronavirus and personal debt: the Americans living on a ‘knife edge’

“One of the scariest things for people, even people who are managing, who are making payments, is that their budget is balanced on a knife edge,” says Lara Briehl, a debt counsellor in Washington state. “If they lose any source of income, the whole...
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