Only Way to Combat Pandemic is Through Global Cooperation

ET: The coronavirus pandemic is assuming nuclear dimensions. Billions have been impacted, pillars of the global order are in a state of full or partial lockdown, unable even with advanced technologies and proficient health care systems to protect their populations, exposing the vulnerabilities of the developing world. The G-20 video conference indicates that an effort, […]

View: Only way to combat coronavirus pandemic is through global cooperation

BY KANWAL SIBAL The coronavirus pandemic is assuming nuclear dimensions. Billions have been impacted, pillars of the global order are in a state of full or partial lockdown, unable even with advanced technologies and proficient health care systems to protect their populations, exposing the vulnerabilities of the developing world. The G-20 video conference indicates that […]

China unexpectedly cuts reverse repo rate by most in 5 yrs to support virus-hit economy

SHANGHAI: China’s central bank unexpectedly cut the rate on reverse repurchase agreements by 20 basis points on Monday, the largest in nearly five years, as authorities ramped up steps to relieve pressure on an economy ravaged by the coronavirus pandemic. The People’s Bank of China (PBOC) announced on its website that it was lowering the […]

Swiss bank UBS sticks to 2019 dividend amid global calls for payout freezes

The lender’s proposed dividend of $0.73 in cash per share is up nearly 6% over 2018 and foresees a payment of $1.41 billion after the bank posted a profit of $3.32 billion last year. It reflects a roughly 8% return on the bank’s share price that has fallen some 30% since February.

Sea dragons reshape marine economy

As separate entities before their merger, the erstwhile CSSC and CSIC had experienced both the boom as well as the struggles of China’s civil shipbuilding industry. In 2008-09, the Global Financial Crisis dealt a big blow to the industry, said Hu, adding the strategic restructuring, coming a decade later, is in accordance with the government’s […]

Interview: “Genuine focus” on global cooperation needed to fight COVID-19 — Cambridge scholar

“As the proverb writer told us, ‘Vision without Action is a daydream, but Action without Vision is a nightmare,” he said, noting that a great vision like a community with a shared future for mankind can only be turned into tangible reality with determined implementation and serious global efforts.

Global threat: 60% of deaths caused by chronic diseases

NEW DELHI: Three out of every five deaths in 2008 were caused by non-communicable diseases (NCDs) like cancer, stroke, diabetes and cardiovascular diseases. What’s worse, deaths caused by these diseases are expected to increase by 15% in the next decade — from 36 million in 2008 to 44 million in 2020. In 2030, it will […]

Coronavirus forces economics profession to leave comfort zone

All the issues raised above are ripe for more economic research. In pursuing these avenues of inquiry, many researchers in advanced economies will find themselves inevitably rubbing up against development economics – from crisis management and market failures to overcoming adjustment fatigue and putting in place better foundations for structurally sound, sustainable and inclusive growth. […]

Steps China must take to pre-empt meltdown

Stock markets across the world may further drop as dim expectations deepen. As risk appetite contracts drastically, companies may face difficulty in maintaining liquidity and keeping cash flow running. Defaults can occur under the double whammy of souring profitability and cash flow, breaking the chain of debt repayments and causing fluctuations in both the bond […]

History tells us we are nowhere near the bottom of a bear market

Dipping into it again has reminded me that what we are going through as investors today is quite different from the experience at the market lows he pinpointed in 1921, 1932, 1949 and 1982. It is much more like the dramatic but short-lived market event of 1987.