Page 5 - World Economy

Sell dollar for everything else is echoing across world trading rooms

A growing chorus of investors is betting the world's reserve currency has reached a peak in a dramatic turnaround from a month ago.

Emerging markets stare at higher interest rate as bond yields spike in US

The US bond market has given up all gains it made from the ultra-low interest rate policy initiated by the Fed after the Covid-19 pandemic break-out in early March 2020

World population surged 74 mn in 2021, expected to be 7.8 bn: Report

The Census Bureau estimate represents a 0.2% growth rate from New Year's Day 2021 to New Year's Day 2022

World economy to top $100 trillion in 2022 for first time: Report

India will regain sixth position from France next year and become third largest economy in 2031, says study

Japan service sector firms' mood perks up, Omicron clouds outlook: Survey

Big manufacturers' confidence was flat from three months ago and companies saw business conditions worsening ahead.

Japan's service sector activity expands at fastest pace in 2 years

The world's third-largest economy has lagged other advanced nations in its recovery from the pandemic's hit.

Commonsense, not panic, should guide our response to Omicron virus

Testing for the variant has to be fair and simple, meaning charge less for the process and not hold up people while at it.

OECD cuts global economic outlook for 2021 amid Covid variant concerns

The Paris-based organization predicted in September that the global economy would expand 5.7% this year. It left the 2022 projection unchanged at 4.5%

Omicron may be uncertain, but inflation is a sure thing for economies

Omicron raises questions about the strength of demand in the event lockdowns are renewed and people have to wait for a whole new vaccine.

S Korea factory activity grows for 14th month but output, orders shrink

Output continued to shrink on shortages of materials, notably in the semiconductors market.

Japan's factory activity expands at fastest pace in nearly four years

Cost pressures remained an issue as materials shortages and delivery delays caused input prices to surge the most in 13 years.

No secret: British MI6 spy chief warns race is on for mastery of AI

Richard Moore, a former diplomat who became MI6 chief in 2020, says technological progress over the next decade could outstrip all tech progress over the past century.

Global wealth surges as China overtakes US to grab top spot

The US, held back by more muted increases in property prices, saw its net worth more than double over the period, to $90 trillion

Oct WPI inflation hits five-month high of 12.54% on higher input costs

As demand is recovering, industry is likely to pass on the higher costs to consumers and this may affect retail price inflation, experts said

US economy slows sharply in Q3; weekly jobless claims at new 19-month low

Strong inflation, fueled by the economy-wide shortages and pandemic relief money from the government over the course of the public health crisis, cut into growth

BOJ projects low inflation for years, signals delay in stimulus withdrawal

The Japanese central bank also slashed this year's economic growth forecast on sluggish consumption and the hit to factory output from supply disruptions caused by the COVID-19 pandemic

British economy falters during summer as shortages build up

The British economy remains 0.8% below its pre-coronavirus pandemic level of Feb. 2020.

Global debt jumps to a new high of $226 trillion, says IMF

This figure includes both public and non-financial private sector debt.

China Evergrande to raise $5 billion from property unit sale: Report

Evergrande is facing what could be one of China's largest-ever restructurings

More than one billion Asians will join global middle class by 2030: Study

Bangladesh set to rise up the rankings fastest; India and China to add about three-quarters of a billion members between them.