Stock markets dropped on Thursday on rising concerns about prospects for the global economy, following days of sharp moves in government bonds that hinted at slower growth and inflation than previously expected. Equities fell first in Asia before the negative mood spread into Europe and then to Wall Street — a move analysts blamed on
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What Are Tax Havens? Most governments make their money through taxation, whether that’s at the local, state, or federal level. This is the process of charging individuals and corporations levies on the money they earn to fund certain government projects and plans, such as infrastructure, education, public pension programs, and health care among others. But
Japan has declared that Tokyo will be under a Covid-19 state of emergency throughout the Olympic Games. Yoshihide Suga, prime minister announced the measure at a press conference on Thursday evening as the growing prevalence of the Delta variant drives a rapid spread of coronavirus infections. The renewed state of emergency means that the Tokyo
The European Central Bank has set itself a new 2 per cent inflation target and said it will tolerate temporarily exceeding this when needed, in a shift that gives policymakers more flexibility to keep interest rates at historic lows for longer. The change, which was announced on Thursday as part of the Frankfurt-based institution’s first
Annuities can protect you from various types of financial risk, but that protection comes at a cost. You will pay fees for the annuity, and you will not have as much upside potential as you would with certain investments. The trade-offs can be worth it for the guaranteed minimum return you can achieve, particularly if
Hedge fund founder Anthony Scaramucci told CNBC on Wednesday that the Chinese government’s crackdown on Didi Global, just days after the ride-hailing giant went public in the U.S., is “a direct assault on global capitalism.” “The bad news for the Chinese and the United States now is, if you’re a capital allocator in the United
Police in Haiti said they shot dead four people they suspected of assassinating president Jovenel Moïse and arrested two others after a day of firefights and heightened tension in the capital Port-au-Prince. The country’s police chief León Charles told a news conference his men had also freed three police officers who were taken hostage by
Long-held assumptions about the traditional career path, and its duration, have been overthrown. Increased life expectancy means people entering the workforce today may have as many as five decades of employment ahead of them. London Business School professors Lynda Gratton and Andrew Scott labelled this phenomenon a “100 year life”. But today’s fiftysomethings did not
Amazon.com Inc. (AMZN), the world’s largest online retailer, has grown rapidly in a broad range of businesses including its core e-commerce operations, cloud services, and digital advertising. It also sells products such as the Alexa personal assistant and ecosystem, Kindle e-reader, Fire TV, and movies and television shows through its Amazon Prime Video platform. Amazon’s
Federal Reserve officials held a vigorous debate last month on whether the economic rebound in the US would soon be strong enough for the central bank to start dialling back its pandemic-era stimulus more quickly than expected. Minutes from the June meeting of the Federal Open Market Committee meeting released on Wednesday showed two prevailing
Olena Ruban | Moment | Getty Images Cannabis industry investors have been treated to a series of legislative catalysts over the last three years that have moved equity valuations. Notable moments include Canada’s federal adult-use implementation, the election of President Joe Biden, and the Georgia Senate run-off in January. Additionally, the state-by-state legalization movement is
Health officials in Mississippi, the least vaccinated state in the US, have revealed that more than 75 per cent of coronavirus infections during a 10-day period in June were Delta variant cases. Thomas Dobbs, the state’s health officer, said in a message on Twitter that 78 per cent of Covid-19 cases from June 16 to
The Standard & Poor’s 500 Index, or simply S&P 500, is a market-capitalization-weighted index of 500 large-cap U.S. companies that make up 80% of U.S. equity by market cap. It is widely regarded as the best gauge of large-cap U.S. equities and often referred to as “the market” because it is comprised of stocks that
In this article OMEG A set of SkySat satellites before a launch. Planet Satellite imagery and data specialist Planet Labs is preparing to go public, announcing on Wednesday that it will merge with a SPAC to list on the New York Stock Exchange. Planet Labs is combining with special purpose acquisition company dMY Technology Group
The EU economy will experience its fastest growth for decades this year according to the European Commission, which has boosted its forecasts for this year and next as the relaxation of pandemic-related restrictions fuels a rebound in activity. Growth across the EU will expand by 4.8 per cent this year and 4.5 per cent next
When Paula Rego was invited to be an associate artist at the National Gallery in 1990, she refused: “The National Gallery is a masculine collection and, as a woman, I can find nothing there that would be of interest to me.” A week later she telephoned to change her mind: “The National Gallery is a
Business analysts, also known as management analysts, work for all kinds of businesses, nonprofit organizations, and government agencies. While job functions can vary depending on the position, the work of business analysts involves studying business processes and operating procedures in search of ways to improve an organization’s operational efficiency and achieve better performance. Business analysts
In this article CFV A satellite image of the stuck container ship Ever Given in Egypt’s Suez Canal, taken on March 25, 2021. Satellogic Satellite Earth imagery specialist Satellogic is preparing to go public, announcing on Tuesday that it will be the latest in a string of space companies merging with SPACs. Satellogic is merging
Joe Biden on Tuesday urged more Americans to get vaccinated against Covid-19 as cases begin to rise again across the US, fuelled largely by the Delta variant. The US president announced a series of measures to encourage vaccinations, as officials said the virus was likely to spread in parts of the country with low inoculation
Eric Adams remained on track to become New York City’s next mayor after a count of absentee ballots released on Tuesday evening showed him maintaining a slim lead over fellow challengers in the Democratic party primary. According to the board of elections’ latest tally, Adams, the Brooklyn borough president and retired police captain, had a
When you think about real estate investing, the first thing that probably comes to mind is your home. Of course, real estate investors have lots of other options when it comes to choosing investments, and they’re not all physical properties. Key Takeaways One of the key ways investors can make money in real estate is
In this article PDD 9988-HK 9961-HK 9618-HK TME DIDI WB The U.S.-traded shares of prominent Chinese companies were under pressure on Tuesday after the Asian country’s officials launched a cybersecurity review of Didi, fueling concerns about government risk to Chinese stocks. Shares of Tencent Music Entertainment fell more than 7% in early trading, while JD.com,
To the victor, the spoils. Boris Johnson won the referendum on UK membership of the EU just over five years ago, went on to win the leadership of the Conservative party in July 2019, reached a deal with the EU in October and won a decisive victory under the UK’s first-past-the post system in the
The Pentagon cancelled the highly-sensitive $10bn Jedi cloud computing contract that had been awarded to Microsoft, drawing a line under a contentious government bidding process that was marred by claims of interference from Donald Trump. The US defence department said on Tuesday it was reversing its decision to hand over large parts of its data
Argentina has a strong socialist party, and many people have criticized that country for its socialist policies. However, Argentina does not meet the criteria of a full-blown socialist country. Massive inflation problems and sovereign defaults during the 1980s and from 2000 to 2001 have caused populist economic sentiment among many Argentinean voters, but there is currently
Didi shares tumbled in pre-market trading on Wall Street, leading a decline in Chinese companies listed in New York following a clampdown by Beijing’s internet watchdog that rattled investors. Didi, which uses so-called American depository receipts to trade in the US, dropped 25 per cent in early dealings, a day after the Cyberspace Administration of
In this article DSX EGLE GNK GOGL SBLK 316-HK 1919-SZ Aerial view of shipping containers sitting stacked at Shenzhen Yantian Port on February 27, 2021 in Shenzhen, Guangdong Province of China. Xie Feng | Getty Images Skyrocketing shipping prices, exacerbated by limited vessel supply, could bode well for some of analysts’ favorite shipping stocks. Global
The Covid-19 pandemic risks creating a permanent reduction in appetite for insuring businesses that rely on physical contact, such as shops, restaurants and event organisers, a top EU regulator has warned. Trade credit insurance underpins trillions of dollars worth of trade each year, covering businesses against the risk of non-payment by the companies they supply
An equity-indexed annuity is a type of fixed annuity that is distinguished by the interest yield return being partially based on an equities index, typically the S&P 500. The general appeal of equity-indexed annuities is to moderately conservative investors who like having some opportunity to earn a higher investment return than what’s available from traditional
It is not without reason that Afghanistan is known as the “graveyard of empires”. The ancient Greeks, the Mongols, the Mughals, the British, the Soviet Union and most recently the US have all launched vainglorious invasions that saw their ambitions and the blood of their soldiers drain into the sand. But after each imperial retreat,