World economy
Japan's PM Shinzo Abe resigns over failing health
31 Aug 2020
Abe, Japan’s longest-serving premier, said he won’t allow his illness to get in the way of decision making, and apologised to the Japanese people for failing to complete his term in office
Lack of human capital holding back Latin America’s growth: IMF report
24 Aug 2020
Investment alone will not ensure growth in incomes as human capital is an important factor in realising the benefits of investment, and this could explain lack of GDP growth in much of Latin America, according to a new report prepared by IMF staff
Israel, UAE sign historic peace deal
14 Aug 2020
Israel will suspend applying sovereignty to areas in the West Bank and also give Muslims greater access to the Al-Aqsa Mosque in the Old City of Jerusalem by allowing them to fly from Abu Dhabi to Tel Aviv, under the Trump-brokered peace deal
China reports $63 billion trade surplus in July
10 Aug 2020
Bytedance’s lip-syncing app TikTok claims $50 bn-plus valuation
03 Aug 2020
Recent reports suggest that TikTok’s current valuation has, in fact, fallen to around 50 billion against its earlier valuation of over $100 billion
UAE starts up operations at its first nuclear power plant
03 Aug 2020
When completed, the $20 billion Barakah Nuclear Energy Plant’s four APR1400 reactors, being built by Korea Electric Power Corporation, will generate 5,600 megawatts of power, supplying up to 25 per cent of the UAE’s electricity needs
Trump threatens to 'cut off' all ties with China
15 May 2020
US Fed cuts rate to 0-0.25% in coronavirus fight
16 Mar 2020
Along with the Federal Reserve, the European Central Bank, Bank of Japan, Bank of England and Australia’s central bank announced rate cuts to pump in extra liquidity while five other central banks, including Reserve Bank of India, opened swap lines to make it easier to provide dollars to their financial institutions, to calm markets
BoE cuts rate to 0.25%, launches SME fund to offset COVID-19 effects
12 Mar 2020
BoE said the reduction in Bank Rate is aimed at boosting business and consumer confidence at a difficult time, to bolster cash flows of businesses and households, and to overcome disruptions caused by the impact of COVID-19
And now, UK health minister Nadine Dorries tests positive for COVID-19
11 Mar 2020
Dorries had attended meetings at Westminster and in her constituency, besides a reception hosted by Prime Minister Boris Johnson at Downing Street last Thursday
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