Tag: global
Written by Gabriel HerveyApril 1, 2020
Keep global food supply chains intact: WTO, UN agencies
News Business Article
GENEVA: Food supply chains must be protected from any trade-related measures taken during the COVID-19 pandemic, the heads of the World Trade Organization (WTO) and UN food and health agencies said on Tuesday (Mar 31), warning of possible shortages and price spikes. They voiced concern that disruptions to the movement of agricultural and food industry
Written by Gabriel HerveyApril 1, 2020
Coronavirus the worst global crisis since WW II, says UN chief
News Business Article
UNITED NATIONS: The coronavirus pandemic is the worst global crisis since World War II, UN Secretary-General Antonio Guterres said on Tuesday (Mar 31), expressing concern that it could trigger conflicts around the world. Guterres said that the scale of the crisis was due to “a disease that represents a threat to everybody in the world
Written by Gabriel HerveyApril 1, 2020
Global coronavirus deaths mount as US surpasses China’s official toll
News Business Article
MADRID: More than 40,000 people have been killed in the coronavirus pandemic as the disease barrels across the globe, with the US bracing for its darkest hours after its death toll surpassed China’s on Tuesday (Mar 31). In a matter of months, the virus has infected more than 800,000 people in a crisis redrawing political powers,
Written by Gabriel HerveyMarch 27, 2020
‘Printing money’: Booming mask producers in China meet global demand
News Business Article
BEIJING: As the coronavirus pandemic that originated in a central Chinese city has gone global, thousands of factories in China have nimbly turned to a new and very profitable market – face masks for export. At the height of China’s outbreak in early February, Guan Xunze’s company created a new mask factory in just eleven
Written by Gabriel HerveyMarch 26, 2020
Commentary: The problem with reusing the 2009 global financial crisis playbook to deal with COVID-19
News Business Article
NEW HAVEN, Connecticut: In an effort to get a handle on the economic and financial consequences of the COVID-19 pandemic, the first instinct is to search for precedents and remedies in earlier crises. Many have pointed to the 2008 global financial crisis (GFC) as the most relevant example, especially in the aftermath of the extraordinary
Written by Gabriel HerveyMarch 20, 2020
Commentary: COVID-19, the once-in-a-generation, global emergency the world faces
News Business Article
LONDON: Once in a generation, maybe once in a century, political leaders must light a bonfire of contemporary preconceptions to confront a shared emergency. This is such a moment. History may ultimately define the 21st century by the strong geopolitical rivalry between the US and China. For the immediate future the national interests of these
Written by Gabriel HerveyMarch 18, 2020
Need for ‘global effort’ to tackle growing economic crisis brought on by COVID-19 outbreak: Lawrence Wong
News Business Article
SINGAPORE: A “global effort” is needed to tackle the growing economic crisis brought on by the COVID-19 outbreak, in addition to coordinating public health measures, said Minister for National Development Lawrence Wong on Tuesday (Mar 17). Noting that countries around the world have been “realising the seriousness of the situation” and more are actively pursuing containment
Written by Gabriel HerveyMarch 16, 2020
Commentary: Even with near-zero interest rates, a global economic recession is almost certain
News Business Article
Commentary Commentary The US Federal Reserve howitzer will minimise chances of financial calamity, but more will be needed to arrest the effects of the COVID-19 pandemic, says the Financial Times’ Robin Wigglesworth. FILE PHOTO: A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market takes
Written by Gabriel HerveyMarch 12, 2020
Singapore stocks plunge amid global sell-off after COVID-19 pandemic declared
News Business Article
SINGAPORE: Singapore’s stock market plunged more than 4 per cent on Thursday (Mar 12) after the World Health Organization (WHO) declared the COVID-19 outbreak a pandemic and the United States announced a 30-day ban on travel from Europe over the coronavirus. The benchmark Straits Times Index fell as much as 4.2 per cent to 2,666.05
Written by Gabriel HerveyMarch 12, 2020
Second stimulus package in the works as global economy, COVID-19 situation worsens: DPM Heng
News Business Article
SINGAPORE: The Government has started working on a second stimulus package about 10 days ago as both the global economy and COVID-19 outbreak have worsened since the first package was announced three weeks ago, said Deputy Prime Minister Heng Swee Keat on Wednesday (Mar 11). During the Budget statement on Feb 18, Mr Heng had unveiled
Written by Gabriel HerveyMarch 8, 2020
Global rallies for International Women’s Day despite coronavirus fears
News Business Article
PARIS: Thousands took to the streets across the globe to mark International Women’s Day on Sunday (Mar 8) despite the coronavirus outbreak forcing the cancellation of a slew of events in Asia, as violence marred some European gatherings. In China – the epicentre of the epidemic that has killed more than 3,500 people and infected over
Written by Gabriel HerveyMarch 8, 2020
New Zealand’s Jacinda Ardern faces election struggle, despite global praise
News Business Article
WELLINGTON: New Zealand Prime Minister Jacinda Ardern won global acclaim for her response to the Christchurch mosque shootings – but 12 months on, her political future hangs in the balance and there are signs “Jacinda-mania” has peaked. The centre-left leader had been in office barely 18 months on Mar 15 last year when a self-avowed white supremacist opened
Written by Gabriel HerveyMarch 5, 2020
290 million students out of school as global COVID-19 battle intensifies
News Business Article
ROME: Almost 300 million students worldwide faced weeks at home on Thursday (Mar 5) with Italy the latest country to shut schools over the deadly coronavirus, as the IMF urged an all-out, global offensive against the epidemic. More than 95,000 people have been infected and over 3,200 have died worldwide from the virus, which has now
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Commentary: As the US plays the blame game, China steps up its global leadership
WASHINGTON DC: A pandemic is enveloping the world, endangering the lives and livelihoods of millions of people, and US President Donald Trump is thinking about how to get the upper hand vis-a-vis China. But his obsession with winning this great-power competition – exemplified by his administration’s petty insistence on calling COVID-19 the “Chinese virus” or