Page 35 - Global Economy
US Congress unveils $2.3 tn government spending, Covid-19 relief package
The US Congress unveiled a $2.3 trillion spending package hours before it is expected for a passage in both chambers, funding the government through the end of the fiscal year
 "US Congress unveils $2.3 tn government spending, Covid-19 relief package")
Toyota halts plant operations in UK, France amid new Covid strain fears
Toyota Motor Corp. is halting the work of its production facilities in the United Kingdom, as well as France, following the emergence of the new coronavirus strain, a report said
 "Toyota halts plant operations in UK, France amid new Covid strain fears")
Discussions on global growth cannot happen only among few, says PM Modi
Asserting that growth patterns must follow a human-centric approach, Prime Minister Modi said discussions on global growth cannot happen only among a few and the "table must be bigger"
 "Discussions on global growth cannot happen only among few, says PM Modi")
Oil prices slip amid worries over fast-spreading new coronavirus strain
Oil prices slid as a new coronavirus strain in the UK raised concerns that tighter restrictions there and in other European nations could stall recovery in global economy and its need for fuel
 "Oil prices slip amid worries over fast-spreading new coronavirus strain")
The World Trade Organisation is having a midlife crisis
Fixing the global trading system means first coming to grips with why it is broken
 "The World Trade Organisation is having a midlife crisis")
S&P Dow Jones to remove Chinese firms from indices after US blacklisting
(Reuters) - S&P Dow Jones Indices said on Thursday it would remove Chinese companies including Hikvision from its products, becoming the latest index provider to do so following a Trump administration order restricting purchases of their shares.
 "S&P Dow Jones to remove Chinese firms from indices after US blacklisting")
Global Covid-19 cases top 68.8 million: Johns Hopkins University
The overall number of global coronavirus cases has topped 68.8 million, while the deaths have surged to more than 1.56 million, according to the Johns Hopkins University
 "Global Covid-19 cases top 68.8 million: Johns Hopkins University")
India's m-cap hits $2.5 trillion after soaring 91% from March 2020 lows
Earlier this week, the world market cap crossed the coveted $100-trillion milestone. It had slipped below $62 trillion in March amid widespread selling triggered by the Covid-19 pandemic
 "India's m-cap hits $2.5 trillion after soaring 91% from March 2020 lows")
Oil prices near $50 as coronavirus vaccine fuels demand recovery hopes
Brent crude rose 51 cents, or 1 per cent, to $49.35 a barrel by 7:35 pm IST. West Texas Inter-mediate (WTI) crude climbed 51 cents, up 1 per cent, to $49.35
 "Oil prices near $50 as coronavirus vaccine fuels demand recovery hopes")
WEF to be held in Singapore next year instead of Davos due to Covid-19
Organisers of the annual World Economic Forum event in Davos, Switzerland, have again changed their planned venue for next year's edition, announcing it will now take place in Singapore in May
 "WEF to be held in Singapore next year instead of Davos due to Covid-19")
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
