NEW YORK: Wall Street treaded water on Wednesday after moves in the US bond market brought back fears of a recession as a bruising U.S.-China trade war drags on, while a rise in energy shares offered support.
The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is “unlikely” without a vaccine, IMF chief Kristalina Georgieva said on Wednesday.
A German GDP contraction, weak Chinese industrial output and an inversion of the US yield curve all seem to strengthen fears of a global slowdown and the world community needs to take a serious note of it. Also highlighting the seriousness of the issue is the fact that stock markets on both sides of the Atlantic
Global oil demand will return to pre-pandemic levels in two years and reach record heights by 2026 unless governments take swift action to meet climate goals, the International Energy Agency said on Wednesday. Oil markets and the world economy
The Russia-Ukraine standoff is not exactly between the two countries, but it is one between Russia and the North Atlantic Treaty Organisation (NATO) led by the United States. It is an echo of the old Cold War between the then two superpowers, America, and
There’s an understanding going around among many parts of the general population and that is that some laws within countries are just suggestions. In fact, I saw a 1990s movie in which Michael Douglas played a rogue agent whose son was going to marry a dentist’s
Twitter CEO Jack Dorsey has announced that he is stepping down from his post, after being associated with the company for 16 years, while, Chief Technology Officer, Parag Agrawal, will become CEO of Twitter. Dorsey twitted about his departure from the post on Monday