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The Financial Express

Search results for: global

Singapore's resident employment posts strong rebound in Q3

Singapore's resident employment posts strong rebound in Q3

-- 2020-12-17 11:46:16

The employment of Singapore's residents, referring to Singapore citizens and permanent residents, rebounded strongly in the third quarter (Q3) of 2020, according to the Labour Market Report released b...

Aramco may have to borrow more to maintain Saudi dividend

Aramco may have to borrow more to maintain Saudi dividend

Reuters 2020-12-17 10:59:05

Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market...

Upstart's shares jump in Nasdaq debut

Upstart's shares jump in Nasdaq debut

-- 2020-12-17 10:48:37

Shares of Upstart Holdings Inc jumped 30 per cent in their market debut on Wednesday, giving the cloud-based artificial intelligence (AI) lending platform a market capitalization of $1.88 billion. Up...

Global stocks rise to record highs on vaccine, US stimulus, Brexit deal hopes

Global stocks rise to record highs on vaccine, US stimulus, Brexit deal hopes

-- 2020-12-16 20:33:34

World stocks rose to record highs on Wednesday as drugmakers rolled out Covid-19 vaccines and US congressional leaders expressed optimism about a stimulus deal, with the upbeat mood dragging the safe-...

Guzman's shifting role: From scoring goals to saving Argentina's economy

Guzman's shifting role: From scoring goals to saving Argentina's economy

-- 2020-12-16 14:06:13

When Martin Guzman was doing a PhD in economics at Brown University in the United States, he and two other Argentine friends formed part of their department’s intramural soccer team and reached...

Pandemic exodus from New York costs about $34b: Study

Pandemic exodus from New York costs about $34b: Study

Reuters 2020-12-16 09:25:24

Millions of people have moved out of New York City during the pandemic, but at the same time, millions of others with lower incomes have taken their place, according to a study released on Tuesday. A...

81 million jobs lost in Asia, Pacific labour markets due to Covid

81 million jobs lost in Asia, Pacific labour markets due to Covid

FE Online Report 2020-12-15 15:52:32

The economic backlash of the coronavirus (Covid-19) pandemic wiped out some 81 million jobs in Asia and the Pacific in 2020, said a report released by the International Labour Organization (ILO). In...

Thailand to boost exports via online trade promotion

Thailand to boost exports via online trade promotion

-- 2020-12-12 12:46:56

Thailand's Ministry of Commerce has unveiled a strategy outline to boost export in 2021 by focusing on online trade promotion activities. "We will arrange an online business match-making every week o...

ADB launches $9b Covid-19 vaccine facility for developing Asia

ADB launches $9b Covid-19 vaccine facility for developing Asia

Reuters 2020-12-11 15:59:22

The ability of developing countries in Asia to fight the coronavirus pandemic got a much-needed boost after the Asian Development Bank said on Friday it has launched a $9 billion facility to help na...

Vaccines hopes boost Asian shares

Vaccines hopes boost Asian shares

FE ONLINE DESK 2020-12-11 11:40:17

Asian shares bounced back on Friday as progress on Covid-19 vaccines boosted investor sentiment, but tricky Brexit negotiations and US stimulus talks capped gains in riskier assets. MSCI’s ex-J...

Banks face post-pandemic four more years of lower profits: Report

Banks face post-pandemic four more years of lower profits: Report

Reuters 2020-12-11 10:23:19

Most banks around the world could face four more years of depressed profits in the aftermath of the Covid-19 pandemic, consulting firm McKinsey & Co said in a report. By 2024 the pandemic will re...

Rights groups call on high-income countries to back TRIPS waiver proposal

Rights groups call on high-income countries to back TRIPS waiver proposal

FE Online Report 2020-12-10 14:15:58

Two prominent global rights groups on Thursday called on the European Union and high-income countries including USA, Canada, Japan, and UK to urgently support the TRIPS corona waiver proposal and ensu...

ADB narrows 2020 GDP growth forecast for developing Asia to 0.4pc

ADB narrows 2020 GDP growth forecast for developing Asia to 0.4pc

-- 2020-12-10 13:01:37

Economic activity in developing Asia is forecast to contract by 0.4 per cent this year before picking up to 6.8 per cent in 2021 as the region moves toward recovery from the effects of the coronavirus...

IMF fund debt freeze for poor countries expected to be extended through 2021

IMF fund debt freeze for poor countries expected to be extended through 2021

Reuters 2020-12-10 10:19:04

International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday that she expects an IMF programme that freezes payments on IMF debt from the poorest countries to be extended throu...

UNCTAD predicts biggest fall in merchandise trade since 2009

UNCTAD predicts biggest fall in merchandise trade since 2009

UNB 2020-12-09 17:50:01

The value of global merchandise trade is predicted to fall by 5.6 per cent in 2020 compared with last year, according to UNCTAD's latest nowcasts. This would be the biggest fall in merchandise trade...

More than 110,000 US restaurants permanently close amid pandemic

More than 110,000 US restaurants permanently close amid pandemic

-- 2020-12-08 15:43:10

As of Monday, more than 110,000 US restaurants have completely closed amid the coronavirus (Covid-19) pandemic, according to the National Restaurant Association. "The vast majority of permanently clo...

Singapore to host WEF’s annual meeting instead of Switzerland

Singapore to host WEF’s annual meeting instead of Switzerland

-- 2020-12-07 23:14:20

The World Economic Forum’s annual gathering of political and business leaders will move from Switzerland to Singapore next year as the COVID-19 pandemic would make it challenging to host the eve...

Malaysia sees 78.6pc drop in tourist arrivals

Malaysia sees 78.6pc drop in tourist arrivals

-- 2020-12-07 14:02:55

Malaysia Tourism Promotion Board has said that the country's tourist arrivals in January to September this year had slumped 78.6 per cent to 4.3 million from 20.1 million a year ago, as the spread of...

Euro zone economy to gain momentum in 2021 on Covid-19 vaccine hopes: Reuters poll

Euro zone economy to gain momentum in 2021 on Covid-19 vaccine hopes: Reuters poll

-- 2020-12-03 15:18:41

The euro zone economy will contract again this quarter as renewed lockdown measures stifle activity, according to a Reuters poll which showed the bloc’s GDP would then return to pre-crisis level...

Maldives permits 84pc of resorts to reopen

Maldives permits 84pc of resorts to reopen

-- 2020-12-02 14:26:15

Some 84 per cent of resorts in the Maldives have been granted permission to reopen by the Ministry of Tourism since July, local media reported on Wednesday. Tourism Ministry statistics showed that 13...

US Fed chief says recovery slows amid economic reopening

US Fed chief says recovery slows amid economic reopening

-- 2020-12-02 14:16:20

US Federal Reserve Chairman Jerome Powell said Tuesday that economic activity has continued to recover from its depressed second-quarter level, but momentum has slowed down in recent months. Noting t...

China recovery boosts Asian factories, but trouble seen ahead

China recovery boosts Asian factories, but trouble seen ahead

-- 2020-12-01 16:00:33

Asian factories continued to recover steadily in November thanks to a boom in economic powerhouse China, private surveys showed on Tuesday, offering hope the region was shaking off the drag from the C...

UN predicts record 235m people will need humanitarian help in 2021

UN predicts record 235m people will need humanitarian help in 2021

-- 2020-12-01 14:36:55

A record 235 million people will need humanitarian assistance next year, a near-40 per cent increase on 2020 which is "almost entirely from Covid-19," the UN's emergency relief chief said on Tuesday....

Canada unveils new economic relief package

Canada unveils new economic relief package

-- 2020-12-01 11:04:27

The Canadian government has unveiled a new financial programme worth billions of Canadian dollars to boost the country’s economy amid the coronavirus (Covid-19) pandemic. The programme titled "...

Russian economy to fall by 4.5pc in 2020: official

Russian economy to fall by 4.5pc in 2020: official

Xinhua 2020-11-29 11:38:07

The Russian economy is projected to decline by 4.5 per cent this year, a senior official said Saturday. The drop will be "more than 4.0 per cent, (and) it will be even 4.5 per cent," Aleksei Kudrin...

UNCTAD asks Israel to end Gaza occupation that cost  $16.7b in past decade

UNCTAD asks Israel to end Gaza occupation that cost $16.7b in past decade

FE ONLINE REPORT 2020-11-26 19:38:21

The continued Israeli occupation brings the Gaza Strip in near-collapse as the cost is estimated at $16.70 billion in the past decade, 2007–2018 period to be specific. The latest report of the...

European tourism industry sees partial recovery amid pandemic

European tourism industry sees partial recovery amid pandemic

-- 2020-11-26 13:36:32

The European tourism industry only partially recovered amid the COVID-19 pandemic, as the contraction of the tourist accommodation sector moderated in summer, according to a Eurostat report. The Euro...

IMF chief says add’l monetary stimulus may pose risks to financial stability

IMF chief says add’l monetary stimulus may pose risks to financial stability

-- 2020-11-25 13:23:52

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said that additional monetary stimulus may pose important risks to financial stability, urging fiscal policy to play a sign...

Elon Musk overtakes Bill Gates to become world's second-richest person

Elon Musk overtakes Bill Gates to become world's second-richest person

-- 2020-11-24 19:13:03

Tesla Inc Chief Executive Officer Elon Musk has toppled Microsoft co-founder Bill Gates as the world’s second-richest person. Elon Musk overtook Facebook’s Mark Zuckerberg to become the t...

Sri Lanka to open $250m tire factory in 2021

Sri Lanka to open $250m tire factory in 2021

-- 2020-11-23 14:16:59

A 250-million-US-dollar tire manufacturing plant in Sri Lanka's western town of Horana is scheduled to open in January 2021, local media reported on Monday. The factory built by the Rigid Tyre Cor...