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global economy

The global economy is more fragile than it seems

by Adrian Jhonsan
The global economy is more fragile than it seems

PARIS/VANCOUVER – Today’s economic outlook is strangely contradictory. While global markets, led by technology and energy, have been ebullient over high short-term profits, the mood at the Spring Meetings of …

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Categories World

Climate change could cost global economy $38 trillion/yr by 2050 even if emissions halted: Nature study

by Milton Acorn
Climate change could cost global economy  trillion/yr by 2050 even if emissions halted: Nature study

New Delhi: The world economy may lose 19 percent of its average income by 2050, even if carbon emissions are cut down immediately, according to a new study published in …

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Categories Science

Study reveals: Climate change to cost global economy trillions, urgent action needed

by Milton Acorn
Study reveals: Climate change to cost global economy trillions, urgent action needed

A study published in “Nature” has sounded the alarm on the dire economic consequences of climate change, revealing that the global economy is poised to suffer staggering losses, with damages …

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Categories Science

Almost one-fifth of all food available to consumers ends up as waste: UNEP Food Waste Index Report 2024 | India News

by Milton Acorn
Almost one-fifth of all food available to consumers ends up as waste: UNEP Food Waste Index Report 2024 | India News

NEW DELHI: Globally, 1.05 billion tonnes of food waste generated (including inedible parts) in 2022 which was almost one-fifth of all food available to consumers, and each person, on average, …

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Categories Science

It’s crazy for retirement age to be 65, warns Larry Fink

by Albert Wagner
It’s crazy for retirement age to be 65, warns Larry Fink

Spending on the UK state pension is also expected to rise from 5.1pc of GDP to 8.6pc of GDP by 2072-73, according to the Office for Budget Responsibility (OBR). The …

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Categories Trending Now

IMF says AI may affect 40% of jobs in the world

by Ev Richard
IMF says AI may affect 40% of jobs in the world

There has been a lot of chatter about how the rise of artificial intelligence (AI) will severely impact a lot of jobs. Now, the International Monetary Fund is adding credence …

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Categories Technology

Global marine life on the move due to rising sea temperatures: Study

by Milton Acorn
Global marine life on the move due to rising sea temperatures: Study

NEW DELHI: Rising sea temperatures due to climate changeare causing tropical marine species to move from the equator towards the poles, according to a study. The research, published in the …

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Categories Science

Bigger isn’t necessarily better for the future of BRICS

by Adrian Jhonsan
Bigger isn’t necessarily better for the future of BRICS

When leaders of the BRICS nations — Brazil, Russia, India, China and South Africa — convened in Johannesburg this week for their annual summit, they sought to forge a consensus …

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Categories World

Emerging-market bond rally suggests undervalued El Nino threat

by Craig Fedirighi
Emerging-market bond rally suggests undervalued El Nino threat

Emerging-market bond bulls are betting the imminent end of central bank interest-rate hikes will help power up the asset class. El Nino may have something to say about that. The …

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Categories Business

Global quarterly results overshadowed by China’s deteriorating economy

by Craig Fedirighi
Global quarterly results overshadowed by China’s deteriorating economy

China’s fragile growth could negatively impact companies with exposure to the country, such as Apple, major chipmakers, and luxury retailers as they release their quarterly results in the coming weeks. …

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Categories Business
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