‘Hospitals are full’ as Argentina COVID-19 cases hit 3 million
Argentina coronavirus cases hit 3 million on Sunday since the pandemic began, as medical workers said hospitals were full to capacity despite toughened government measures to bring down the spread of infections. The country’s health ministry said there were 11,394 new cases over the last 24-hour period, bringing up the grim new milestone, with 156 […]
Warren Buffett touts U.S. economy’s unexpected strength as Berkshire rebounds
Warren Buffett said on Saturday that Berkshire Hathaway Inc (BRKa.N) is being lifted by a U.S. economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash. Speaking at Berkshire’s annual meeting, Buffett said the economy has been “resurrected in an extraordinarily effective way” by monetary […]
Lockdown accounting
Many countries have implemented social distancing and lockdown policies to tame the spread of Covid-19. This column discusses the potential GDP and employment effects of lockdown policies for a broad cross-section of countries ranging in income per capita from Niger to Luxembourg. It shows that the employment and GDP effects of lockdown policies are U-shaped in income per capita. While workers in rich countries have a substantially higher ability to work from home, which mitigates declines in employment and GDP, poor countries concentrate employment and value-added in essential sectors that are not shut down. Middle-income countries see the largest declines as they feature relatively large employment shares in non-essential sectors and relatively low work from home ability.
U.S. manufacturing, new homes sales underscore booming economy
U.S. factory activity powered ahead in early April, though manufacturers increasingly struggled to source raw materials and other inputs as a reopening economy leads to a boom in domestic demand, which could slow momentum in the months ahead.
MIDEAST STOCKS Most major Gulf markets rise; Qatar dips
Most major stock markets in the Gulf rose in early trade on Sunday, with property shares boosting the Dubai index, although Qatar bucked the trend to trade lower. Saudi Arabia’s benchmark index (.TASI) added 0.6%, with Al Rajhi Bank (1120.SE) rising 1.4% and SABIC Agri-Nutrients Co (2020.SE) advancing 3.9%. Elsewhere, Bank Albilad (1140.SE) climbed 1%, as the lender completed a 3 billion riyal […]
Sustainable-bond issuance reaches record high in first quarter
LONDON (Reuters) -Sustainable-bond issuance surged to a record high in the first quarter as more countries and companies looked to tap growing demand from investors across the globe.
BlackRock quarterly profit jumps as assets rise over $9 trillion
(Reuters) – BlackRock Inc, the world’s largest asset manager, reported a 16% jump in first-quarter profit on Thursday as investors poured more money into its diverse funds and fee revenue jumped. The company’s net income rose to $1.2 billion, or $7.77 per share, in the three months ended March 31, from $1.03 billion, or $6.60 […]
World stocks hit record high as bond yields ease
TOKYO (Reuters) -Global stock markets rose to a record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly as the economy reopens.
Tips For Going Green – Sustainable Living Toward a Circular Economy
In this article we will provide our tips for going green, but let’s be sure we are talking about the same thing first! The term “going green” is the popular term for sustainable living used to describe a certain lifestyle that helps to reduce the impact that humans have on the environment. Today, sustainability is a term that […]
Can a more secure financial system help raise Bhutan’s Gross National Happiness?
By Kanokpan Lao-Araya, Carlo Antonio Garcia Bhutan is working to decrease opportunities for money laundering while increasing the security of the financial system. Bhutan is famous for using “Gross National Happiness” – Gyalyong Gakid Palzom, formally enshrined in its 2008 Constitution – as its national goal. However, recent developments in its financial sector have complicated the country’s pursuit […]
