Heavily dependent on car production, the Czech and Slovak economies are set to take a blow this year as the Covid-19 pandemic has crimped imports of chips from Asia. Local producers had expected a recovery after the coronavirus forced suspensions in 2020, but their plans were marred by intermittent closures at semiconductor production centres. Made …
Czech, Slovak Economies Take Hit From Carmakers’ Covid Woes Read More »
The 65 most vulnerable nations will see GDP drop 20 percent on average by 2050 and 64 percent by 2100 if the world heats up 2.9 degrees Celsius, according to a report released Monday at the COP26 climate talks in Glasgow. Even if global temperature rises are capped at 1.5C, in keeping with the most …
Climate On Track To Devastate World’s Poorest Economies: Study Read More »
FILE PHOTO: U.S. Treasury Secretary Janet Yellen attends an economic briefing with U.S. President Joe Biden in the Roosevelt Room at the White House in Washington, U.S., March 5, 2021. REUTERS/Tom Brenner/File Photo April 8, 2021 By Andrea Shalal and David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday warned of the risk …
Yellen tells world’s big economies: spend big, danger lurks Read More »
FILE PHOTO: A gas pump at an Arco gas station in San Diego, California, U.S. July 11, 2018. REUTERS/Mike Blake//File Photo February 26, 2021 By Sumita Layek and Bharat Gautam (Reuters) – Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming …
Oil set for steady gains as economies shake off pandemic blues Read More »
FILE PHOTO: British finance minister Rishi Sunak speaks at the House of Commons in London, January 11, 2021. UK Parliament/Jessica Taylor/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT/File Photo February 12, 2021 By William Schomberg and David Milliken LONDON (Reuters) – Finance chiefs from rich countries discussed ways to …
G7 finance chiefs discuss how to steer economies out of crisis Read More »
FILE PHOTO: The sign of Asian Infrastructure Investment Bank (AIIB) is pictured at its headquarters in Beijing, China July 27, 2020. REUTERS/Tingshu Wang/File Photo February 5, 2021 By Jonathan Barrett and Praveen Menon SYDNEY/WELLINGTON (Reuters) – Pacific island nations are turning to the China-backed AIIB development bank to plug funding gaps in their pandemic-ravaged budgets …
Pacific island nations turn to Beijing-backed AIIB as pandemic sinks economies Read More »
FILE PHOTO: A couch is pictured in the aftermath of Hurricane Iota in Bilwi, Nicaragua November 27, 2020. Picture taken November 27, 2020. REUTERS/Oswaldo Rivas December 1, 2020 (Reuters) – Four Central American economies hit hard by two hurricanes last month will likely suffer lasting damage as “climate-related shocks” reverberate through vulnerable agricultural markets, credit …
