Page 20 - Global Economy

Global cooperation need of the Covid vaccination times

The relations with its allies in Europe have also been strained. Joe Biden is likely to reverse the process.

Relief 'tainted by some sadness': world reacts to Brexit trade deal

Britain clinched a Brexit trade deal with the European Union, seven days before it exits one of the world's biggest trading blocs in its most significant global shift since the loss of empire

'We have taken back control' after UK-EU Brexit trade deal: UK PM Johnson

British Prime Minister Boris Johnson announced that Britain and the European Union have reached a deal on their post-Brexit trade relations, saying that "we have taken back control"

European unity and steadfastness have paid off: Macron on Brexit deal

"European unity and steadfastness have paid off," said French President Emmanuel Macron said in reaction to the deal reached on post-Brexit trade relations between Britain and the EU

EU-UK post-Brexit deal of historical importance: German Chancellor Merkel

German Chancellor Angela Merkel said the agreement reached between the EU and Britain is "of historical importance," adding that Germany will examine it to decide whether Berlin supports the result

Shape of economic recovery may end up coming from another alphabet

Zeroing in on the alphabet that best describes the unprecedented economic upheaval

UK economy grew by record 16% in third quarter after first lockdown slump

Britain's economic recovery from its coronavirus crash was a bit quicker than previously thought in the July-September period, official data showed

US Congress unveils $2.3 tn government spending, Covid-19 relief package

The US Congress unveiled a $2.3 trillion spending package hours before it is expected for a passage in both chambers, funding the government through the end of the fiscal year

Toyota halts plant operations in UK, France amid new Covid strain fears

Toyota Motor Corp. is halting the work of its production facilities in the United Kingdom, as well as France, following the emergence of the new coronavirus strain, a report said

Discussions on global growth cannot happen only among few, says PM Modi

Asserting that growth patterns must follow a human-centric approach, Prime Minister Modi said discussions on global growth cannot happen only among a few and the "table must be bigger"

Oil prices slip amid worries over fast-spreading new coronavirus strain

Oil prices slid as a new coronavirus strain in the UK raised concerns that tighter restrictions there and in other European nations could stall recovery in global economy and its need for fuel

The World Trade Organisation is having a midlife crisis

Fixing the global trading system means first coming to grips with why it is broken

S&P Dow Jones to remove Chinese firms from indices after US blacklisting

(Reuters) - S&P Dow Jones Indices said on Thursday it would remove Chinese companies including Hikvision from its products, becoming the latest index provider to do so following a Trump administration order restricting purchases of their shares.

Global Covid-19 cases top 68.8 million: Johns Hopkins University

The overall number of global coronavirus cases has topped 68.8 million, while the deaths have surged to more than 1.56 million, according to the Johns Hopkins University

India's m-cap hits $2.5 trillion after soaring 91% from March 2020 lows

Earlier this week, the world market cap crossed the coveted $100-trillion milestone. It had slipped below $62 trillion in March amid widespread selling triggered by the Covid-19 pandemic

Oil prices near $50 as coronavirus vaccine fuels demand recovery hopes

Brent crude rose 51 cents, or 1 per cent, to $49.35 a barrel by 7:35 pm IST. West Texas Inter-mediate (WTI) crude climbed 51 cents, up 1 per cent, to $49.35

WEF to be held in Singapore next year instead of Davos due to Covid-19

Organisers of the annual World Economic Forum event in Davos, Switzerland, have again changed their planned venue for next year's edition, announcing it will now take place in Singapore in May

McAfee report says cybercrime to cost world economy over $1 trillion

Growing cybercrime incidents now cost the world economy over $1 trillion, or just more than 1% of global GDP, which is up 50% from a 2018 report that put global losses at $600 billion, McAfee said

China's November exports rise at fastest pace since February 2018

China's exports rose at the fastest pace since February 2018 in November, helped by strong global demand and as the factory recovery from Covid-19 outpaced those of its major trading partners

Australia's economy rebounds sharply in third quarter from Covid recession

Australia's economy rebounded sharply in the third quarter from a coronavirus-induced recession as consumer spending surged