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Monday, August 3, 2020

China’s red-hot property market may finally be set for sustained cooling

China can continue to let its property market cool as growth is supported by other sectors in the economy New home prices rose 6.3 percent in September against the same month last year, decelerating from an 8.3 percent year-over-year expansion in August Average...

Trump says the U.S. will cut ties with World Health Organization

President Donald Trump announced Friday that the United States will cut ties with the World Health Organization. Earlier this month, Trump threatened to permanently cut off U.S. funding of the WHO. He has claimed the WHO is “China-centric” and blames the agency for advising against China...

Equity Investors Must Pay More Attention to Climate Change Physical Risk

By Felix Suntheim and Jérôme Vandenbussche The damage from the 2011 floods in Thailand amounted to around 10 percent of Thailand’s GDP, not even considering all the indirect costs through a loss in economic activity in the country and abroad. By some estimates, the total...

Aviation crisis means oil demand to stay below pre-virus levels before 2022 – IEA

By Noah Browning LONDON, June 16 (Reuters) - Oil demand is recovering from the greatest fall in its history in 2020, the International Energy Agency (IEA) said on Tuesday, but less flying due to coronavirus fears means the world will not return to pre-pandemic demand...

World’s urban growth will surge most in India, China and Nigeria – UN

Ellen Wulfhorst UNITED NATIONS, May 16 - T wo-thirds of people in the world will be living in cities by 2050, and the boom will be concentrated in three countries - India, China and Nigeria, according to United Nations estimates released on Wednesday. The world’s...

JP Morgan: Chinese investors are bullish on global stocks — at least for now

BY Kelly Olsen Chinese investors are bullish on global stock markets in 2019, according to a survey by J.P. Morgan Asset Management. The nearly 200 investors surveyed say they see the global slowdown as a bigger worry than...

Anti-globalization and isolationist trends must be stopped, India’s Modi tells Davos

Anti-globalization is a big concern, Modi told an audience in Davos Modi gave the opening plenary at the World Economic Forum Modi said that data is a huge asset but that "the flow of global data is creating the biggest opportunities and the...

European Central Bank announces $820bn emergency bond purchases

ECB President Christine Lagarde said the bank would use the 'full potential' of its tools to safeguard the euro. The European Central Bank (ECB) launched new bond purchases worth 750 billion euros ($820bn) at an emergency meeting late on Wednesday in a bid to stop...

The Economic Cost of Devaluing “Women’s Work”

Kristalina Georgieva, Cristian Alonso, Era Dabla, and Kalpana Kochhar As much as half of the world’s work is unpaid. And most of it is done by women. This imbalance not only robs women of economic opportunities. It is also costly to society in the form...

British Pound Slumps as UK Retail Sales Data Confirm Consumers Tighten the Purse Strings

British Pound to Euro rate today: 1.1666, down 0.32% Euro to Pound Sterling rate today: 0.8572 Pound to Dollar rate today: 1.2419, down 0.57% Pound Sterling came under pressure on the morning of Friday, February 17 after it was announced by the ONS that...
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