Page 57 - Global Economy
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
 "McAfee report says cybercrime to cost world economy over $1 trillion")
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
 "China's November exports rise at fastest pace since February 2018")
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
 "Australia's economy rebounds sharply in third quarter from Covid recession")
2021 to see 40% surge in people needing humanitarian aid due to Covid: UN
The UN humanitarian office says needs for assistance have ballooned to unprecedented levels this year because of Covid-19, projecting that a staggering 235 million people will require help in 2021
 "2021 to see 40% surge in people needing humanitarian aid due to Covid: UN")
China's factory activity expands at the fastest pace in over three years
China's factory activity expanded at the fastest pace in more than three years in November, keeping it on track to be the first major economy to fully recover from the coronavirus crisis
 "China's factory activity expands at the fastest pace in over three years")
Tokyo core consumer prices post biggest annual drop in over eight years
The decline in November was the biggest since May 2012, when core consumer prices fell 0.8%
 "Tokyo core consumer prices post biggest annual drop in over eight years")
Shanghai rises to become world's most connected city amid Covid-19
London has seen a 67 per cent decline in connectivity via air travel, according to The International Air Transport Association (IATA). By September 2020, it had fallen to eighth spot.
 "Shanghai rises to become world's most connected city amid Covid-19")
Evaluating a Cabinet
Joe Biden's picks project an image of assured competence
 "Evaluating a Cabinet")
Light at the end of the tunnel for domestic oil marketing companies
Marketing margins to support earnings, while refining outlook can improve with vaccine launches driving global economic recovery
 "Light at the end of the tunnel for domestic oil marketing companies")
Below peak performance
The G20 is looking beyond the US for leadership
Singapore's economy to return to growth in 2021 after worst slump
Analysts expected a 5.4% contraction, according to the median of 10 forecasts
 "Singapore's economy to return to growth in 2021 after worst slump")
G20 determined to use all tools to contain pandemic, save jobs, incomes
A final joint statement will be released by leaders from the United States, China and other Group of 20 nations after they meet by video conference on Saturday
 "G20 determined to use all tools to contain pandemic, save jobs, incomes")
World Coronavirus Dispatch: Global leaders warn recovery losing momentum
New York City's public school system will be shut and this time it may take months for reopening. Finland's prime minister warns populists will prosper if Covid-19 is not checked
 "World Coronavirus Dispatch: Global leaders warn recovery losing momentum")
Cryptos may outrun other asset classes over 2 yrs; be mindful of the risk
Cryptos have been big gainers in times of trouble. In that sense, cryptos are like gold; havens during uncertainty.
 "Cryptos may outrun other asset classes over 2 yrs; be mindful of the risk")
US economy could shrink as coronavirus surges: Fed Reserve Bank Prez Kaplan
Dallas Federal Reserve Bank President Robert Kaplan said the economy could shrink this quarter as consumers in more states and cities pull back from economic activity amid the record coronavirus surge
 "US economy could shrink as coronavirus surges: Fed Reserve Bank Prez Kaplan")
Covid-19 pandemic shakes up world's most expensive city list: Report
The changes are especially marked this time around, with the report doubling as an assessment of the impact of the Covid-19 pandemic on prices around the world.
 "Covid-19 pandemic shakes up world's most expensive city list: Report")
Go risk-on, 'keep the faith, trust the recovery' in 2021: Morgan Stanley
In an outlook for 2021, a team including Andrew Sheets recommended investors overweight equities and corporate bonds against cash and government debt, and sell the US dollar
 "Go risk-on, 'keep the faith, trust the recovery' in 2021: Morgan Stanley")
Creo Syndicate: Secret club for billionaires who care about climate change
Creo acts like an investment bank, vetting about 300 deals per year, connecting investors with possible partners, and conducting research on technologies
 "Creo Syndicate: Secret club for billionaires who care about climate change")
China's factory output beats forecasts as Asia recovers from Covid-19 slump
China's factory output rose faster-than-expected in October and retail sales sped up, as the recovery in the world's second-largest economy from its Covid-19 slump gathered momentum
Japan economy grew at fastest pace on record in 3rd quarter; outlook murky
Japan's economy grew at fastest pace on record in third quarter, rebounding sharply from biggest postwar slump, as improved exports and consumption helped it emerge from damage caused by coronavirus
 "Japan economy grew at fastest pace on record in 3rd quarter; outlook murky")