The coronavirus has killed at least 1 million people across the globe, a nightmarish milestone in the world’s fight against the virus that emerged from Wuhan, China, late last year, according to data compiled by Johns Hopkins University. Roughly half of the world’s total Covid-19 fatalities have been reported in only four countries — the United […] Read more
Uber won its legal fight to continue operating in London on Monday, as a judge overturned a ban on the ride-hailing app by the city’s transport regulator and granted it a new 18-month license. Last year, Transport for London (TfL) stripped Uber of its license for a second time — it first declined to renew Uber’s London license in 2017 […] Read more
Europe is now grappling with a second wave of coronavirus infections that could once again wreak significant damage on the region’s economy. The euro zone, the area that shares the single currency, saw its economy tank by 11.8% in the second quarter of 2020, hit by strict lockdown measures used to contain the spread of the virus. […] Read more
European countries are likely to impose more restrictions on public life in the coming days as the number of daily coronavirus infections rises rapidly, analysts said. France reported 10,569 new cases Sunday (down from more than 13,000 new cases reported the day before), Reuters reported, while the U.K., reported almost 4,000 new cases on Sunday. […] Read more
Always wanted to live abroad? Now may be your best chance. More countries are inviting travelers to trade their home offices for the opportunity to live and work abroad during the pandemic. Stanford University economist Nicholas Bloom estimates 42% of the U.S. labor force is now working from home full time. And workers may not be returning […] Read more
The Bank of England on Thursday left interest rates unchanged and maintained its current level of asset purchases, but warned that the outlook for the economy remains “unusually uncertain.” All members of the Monetary Policy Committee (MPC) voted to keep the main lending rate at 0.1%, with the central bank having cut rates twice from […] Read more
Central banks have slashed interest rates this year in an effort to revive economies ravaged by the fallout from the coronavirus pandemic. But low interest rates are proving to be a challenge for investors, even ones who have long-term, multi-generational views on investments such as Canada’s massive pension fund. While the Canada Pension Plan Investment […] Read more
Representatives of the United Arab Emirates, Bahrain, Israel, and United States governments will converge in Washington, DC on Tuesday to sign historic normalisation accords between the Gulf nations and Israel. The UAE agreement, announced in August and since dubbed the “Abraham Accords” by White House officials, makes the UAE the third Arab country and first […] Read more
The European Union will not go as far as to impose sanctions on Turkey, one regional expert, despite Ankara’s controversial activity in the Mediterranean Sea. Turkey, Greece and Cyprus have been at odds over the former’s exploration of energy resources in parts of Eastern Mediterranean waters that both Athens and Nicosia claim are part of their own […] Read more
The Philippines’ falling imports as a result of a weak domestic economy has ended up benefiting its currency — which is the best performer in Asia so far this year. The Philippine peso has strengthened around 4% against the U.S. dollar this year, outperforming its regional peers. It is also one of the few Asian currencies that has recorded gains […] Read more
