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Goldman Sachs obliges its employees to get permission to travel to Paris during the Olympic Games 2024 04/30/2024

China's Manufacturing And Service Activity Declines In April, Reducing The Pace Of The Economy 04/30/2024

Blackstone buys Hipgnosis for $1.57B 04/30/2024

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Economics

Bloomberg warns of toilet paper shortages in the world

A shortage of ships carrying raw materials from South America could cause a global shortage of toilet paper, Bloomberg reports. According to the agency, Brazil is the world's largest supplier of raw wood, and Brazilian company Suzano Papel e Celulose accounts for a third of the global supply of raw...

World’s Billionaires Got Richer In 2020 As World Grappled With Pandemic

The wealth of billionaires reached new heights in 2020 when the rest of the world was grappling with unemployment and lost jobs and businesses because of the Covid-19 pandemic. And currently many of those billionaires are trying to hold onto and consolidate their fortunes even as the world...

9% Drop In Lending To Fossil Fuel Industry By Major Banks In 2020

The covid-19 pandemic last year resulted in the biggest banks of the world cutting down by 9 per cent for projects involving fossil fuels even though that spending last year was still higher over the last a five year period according to a report published on Wednesday. According to a...

U.S. new home sales fall lower than forecast in February

Sales of new homes in the U.S. in February fell 18.2% from the revised January figure to 775,000, according to the U.S. Commerce Department's Census Bureau. Analysts polled by DailyFx had expected the figure to drop only 6.5% from the previous month's initial figure to 875,000. The January figure...

Signals Of Stronger Global Recovery Along With Significant Threats Seen By IMF

While pointing out to a number of emerging signs of a stronger global economic recovery, the second most important official of the International Monetary Fund on Saturday also warned of risks that still pose a threat to global recovery which includes the emergence of multiple variations of the...

IMF: Global economy is growing faster

The International Monetary Fund (IMF) said that the global economy is recovering faster than previously forecast. This was stated by First Deputy Head of the IMF Geoffrey Okamoto. He stressed that this recovery is uneven. There are alarming signs that the gap between developed and developing...

2021 Global Economic Growth Forecast Raised By UN Body To 4.7%

The United Nations Conference on Trade and Development (UNCTAD) now expects the global economy to grow faster in the current year of 2021 at 4.7 per cent compared to its previous forecast of a 4.3 per cent annual growth. Announcing this upgrade, the UN body has said that its upgrade was prompted by...

SPAC IPOs volume in the US surpasses all 2020 results in two and a half months

Since the start of this year, SPAC IPOs in the US have totalled $85.9bn - more than the full year 2020 in less than three months. This is data from SPAC Research, a resource that tracks such deals. Such results are all the more telling because last year was also a record year in terms of the amount...

Survey: Investors no longer see the pandemic as a major threat to markets

For the first time since the pandemic, investors no longer see the coronavirus as a major threat to markets. Investment fund managers surveyed by Bank of America rather fear rising inflation and "hysteria" over tightening regulatory policies. U.S. investors have ceased to consider the pandemic...

New Report Says $131 Trillion Investment In Clean Energy Needed By 2050 To Achieve Climate Goals

A new study that was published on Tuesday has claimed that there needs to be an increase of 30 per cent in planned investment in clean energy by 2050m totalling to an investment of $131 trillion globally to prevent a catastrophic climate change. The report also noted the acute need to significantly...