Author Archives
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As Trump Drops Out Of Paris Accord, World’s Biggest Wind-Turbine Maker Falls
After U.S. President Donald Trump’s decision to exit the Paris climate accord threw into doubt the future of renewable energy, Vestas Wind Systems A/S the world’s biggest maker of wind turbines, dropped to its lowest in more than 1 1/2… Read More ›
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Majority Of A Global Survey Respondents Says The
Devastating displays of a world at odds are recent attacks in Manchester, Paris, Kabul and more. There is one thing the world can largely seem to agree on: the world is getting worse despite increased political and economic polarization. The fact that… Read More ›
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Russia’s ‘Conservative’ Central Bank Boss Says Its Interest Rates Could Be Heading Even Lower
The governor of the Russian central bank has suggested that more cuts could come as it closely monitors inflation and fluctuations in the oil markets even though Russians may have witnessed national interest rates on a steep path lower in… Read More ›
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EU Says Removal Of Online Hate Speech Enhanced By Social Media Firms
In response to pressure from the European Union to do more to tackle the issue, both the speed and number of removals of hate speech on their platforms have been sped up by social media companies like Facebook, Twitter and… Read More ›
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In Money Laundering Probe Of Malaysian Development Fund, Singapore Slaps Fines On Credit Suisse And UOB
For breaches relating to the scandal-hit Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB), Singapore’s central bank has fined Credit Suisse and United Overseas Bank (UOB), it said in a statement on Tuesday. A 700,000 Singapore dollars ($505,000) fine on Credit Suisse and a 900,000 Singapore… Read More ›
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A Tune-Up Would Do Good For Israel’s Resilient Economy
The two faces of the country’s economy were underlined in a report on the socioeconomic situation in Israel published on Sunday. Underlying issues, including persistent high poverty levels and inequality may, if not addressed, negatively affect economic growth, which stood… Read More ›
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Brazil Has Further Room To Fall, Says Some Investors
Even after a brutal selloff last week, the worst is yet to come for Brazil’s stock market, according to some investors. Efforts to reform Brazil’s pension system, moves aimed at cutting public debt and boosting economic growth could be derailed… Read More ›
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As Retail Investor Pile In, Global Bitcoin Prices Driven By Japan And South Korea
With the digital currency bitcoin more than doubling its value since the start of the year, Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, analysts and market practitioners said. Website outages… Read More ›
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IMF Official Says Within 3 Weeks, Greece On Track To Reach A Deal With Creditors
An IMF official reportedly told the media that the upcoming payment deadlines that will force through a deal, is the biggest guarantee that Greece and its creditors will finally reach an agreement on its debt burden. Certain economic forecasts –… Read More ›
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This Is Where The New Economic Risks Are In A Post-Crisis World: RBI Ex-Chief Rajan
Raghuram Rajan, the former governor of the Reserve Bank of India, said that economic risks have spread elsewhere even though the world’s banks have become safer since the global financial crisis. “Almost certainly lightening doesn’t strike twice in the same… Read More ›
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