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World Bank’s Vice President for Infrastructure: Now is the Time to Rethink Transport and Logistics
Covid-19 has had a huge impact on transport. The response to the pandemic, from social distancing to lockdown policies for affected areas, has disrupted mobility and connectivity everywhere. It has had cumulative impacts on the basic infrastructure and systems that
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Moderna Delivers Booster Shot for Wavering Markets
Equity markets received a potent booster shot on Monday and barrelled ahead on news that a vaccine developed by US biotech group Moderna had obtained an astonishing 94.5 percent inoculation rate in late-stage trials. On Monday, the benchmark S&P 500
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Joe Biden No Panacea to Global Trade Troubles
The imminent departure from the White House of the self-styled dragon-slayer does not necessarily bode well for Chinese President Xi Jinping. Though the incoming Biden Administration is expected to take a less ideological approach to international trade, a reappearance of
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Fed Chair Powell: “Recovering to a Different Economy”
A river runs through it. President Christine Lagarde of the European Central Bank (ECB) argues that safely fording the ‘big river of uncertainty’ that runs through the global economy requires a sustained fiscal and monetary effort. Major interventions by central
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Commissioner Gentiloni on EU Economy: Andante Ma Non Troppo
The V-shaped economic recovery expected to unfold next year is merely an illusion sourced from wishful thinking. Yesterday, EU Commissioner for Economy Paolo Gentiloni warned of a double-dip recession and said the European Commission mulls an extension by at least
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Investors Depart as Tech Stocks Come Under Assault
Zoom zonked out this week. Investors dumped shares in the videoconferencing service during a wholesale selloff that drove the company’s shares over the cliff, lopping 17 percent off its market cap on Monday and another 6 percent yesterday. A more
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Markets Move in Anticipation of Boom Times
Yesterday, equity markets the world over went near-ballistic on the news that an effective vaccine had been developed to tame and possibly defeat the novel coronavirus. Already buoyed by Joe Biden’s win in the US presidential election, markets moved even
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Trumpism 2.0: Message to Survive Delivery Malfunction
A disconnect between the medium and Trump’s message deprived the incumbent President of a second term in office. However, seventy million voters cannot be wrong – or ignored. A sizeable part of the US electorate that didn’t burst into celebration
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Middle East – Business Trumps Politics
Joint business ventures, and the pragmatism required for success, laid the groundwork for the normalisation of relations between Israel and the United Arab Emirates (UAE) which was marked by the touchdown of the first official El Al flight at Abu
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