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Latest Articles in global economy

Unitedworld School of Law renews focus towards legal education amid COVID-19

Unitedworld School of Law renews focus towards legal education amid COVID-19

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Singapore's November Exports Fall 4.9% In Year's Biggest Drop

The analysts said they expected exports from the city-state to rise 3.6% year-on-year in 2020, below the government's official forecast range of 4% to 4.5% growth.

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Japan Inc Shakes Off Initial COVID-19 Gloom But Resurgence Hits Capex, Hiring - BOJ Survey

Companies also plan to slash new graduate hiring by 6.1% in the year beginning in April, the survey showed, which would be the most cautious hiring plan since the collapse of Lehman Brothers shook the global economy in 2010.

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Global Economic Outlook - 2021: A V-Shaped Recovery Is Unlikely. Long And Difficult Ascent Ahead

Reversing the broad-based economic downturn in several sectors and tackling effectively the substantial financial distress in the MSE sectors - might pose a formidable challenge for emerging economies.

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A Little Less Sparkle

2020 has been a tough year! And that is an understatement, we are at the start of the festive season but with predictions of severe contractions in GDP (Gross Domestic Product) globally, some of the sparkle seems to be missing. We dive into understanding firsthand how confident businesses are given the bruising the pandemic caused.

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World Stocks Edge Up But Gains Limited By End Of Fed Stimulus

Europe's STOXX 600 edged 0.3% higher in early trading, while the global stocks index was also 0.1% firmer and on course for its third weekly gain in a row.

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World Stocks Ease Further From Highs, Oil Dips On COVID-19 Count

At 1053 GMT, the broad gauge of global equities was trading down 0.4% while Europe's major indexes were down 0.8%-1%. Oil prices also fell 1-1.6% as virus restrictions crimped demand expectations.

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Asia-Pacific Leaders Push For Freer Trade After Trump

Chinese President Xi Jinping, among the leaders at a virtual meeting of the 21-member Asia-Pacific Economic Cooperation (APEC) forum, rejected protectionism and said globalisation was "irreversible", a day before U.S. President Donald Trump was expected to join in the gathering.

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Thyssenkrupp Cuts 5,000 More Jobs As CEO Warns Of More Pain

The latest job cuts come after 6,000 reductions announced last year, and brings the total number of planned layoffs to 11,000, a third of which has already been realised

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Europe Charges Amazon With Using Dominance And Data To Squeeze Rivals

The move by competition chief Margrethe Vestager, the latest European salvo against U.S. tech giants, comes at a time when the COVID-19 pandemic has amplified Amazon's role in the global economy, with online sales soaring in lockdowns.

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Upgrade For Unlock

Dynamics of jobs are rapidly changing, and the jobs that were lost during Covid may no longer be relevant or available in the post-Covid era. Therefore

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Global Markets: Stocks Steady After Second-Wave Turmoil

German government bonds, seen as Europe's principal safe-haven assets, were still in strong demand, with their yields, which move inversely to price, near seven-month lows. Benchmark U.S. 10-year yields had ticked up overnight to 0.7877%.

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Wall Street Banks See Rare Payday Bonanza In India Despite Pandemic

India saw $16.8 billion of mergers and acquisitions (M&A) in its technology, media, and telecoms (TMT) sector between January and mid-October, up 62% percent from the same time last year

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Pfizer Says Earliest US Filing For COVID-19 Vaccine Would Be Late November

Pfizer's shares were up 3.5% in afternoon trading, while BioNTech's U.S.-listed shares were up 3.9%. Moderna shares fell 1.5%.

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Fitch Expects Marketing, Refining Volume Of Oil Firms To Fall 15% In FY21

India's fuel demand recovered sharply in June from April before slowing due to the reimposition of restrictions in certain cities because of coronavirus and flooding in some regions.

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