- — ‘The crisis is not yet over’: Omicron variant could deal another blow to supply chains
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at 12/5/21 3:00pmPorts and companies have been battling the global supply chain crisis since the start of the year. Just as it appeared like the crisis was beginning to stabilize, the industry may now face yet another blow: the new omicron Covid variant. Omicron is “another test of resilience” for already-stressed supply chains, said Per Hong, senior ... The post ‘The crisis is not yet over’: Omicron variant could deal another blow to supply chains first appeared on Hellenic Shipping News Worldwide.- — Three Omicron scenarios for the global economy
- at 12/5/21 3:00pmVery little is known about the new Omicron variant, at the time of writing. Data is scarce, but we know what happens next depends heavily on two key questions. First, is the virus more transmissible, as some early reports have hinted? And second – perhaps more importantly for the economic outlook at least – how ... The post Three Omicron scenarios for the global economy first appeared on Hellenic Shipping News Worldwide.
- — As Olympics loom, China faces COVID-19 and other challenges
- at 12/5/21 3:00pmAs countries around the world imposed new COVID-19 restrictions this week following a rise in concern over the Omicron variant of the virus, China announced it would aim to deliver another 1 billion vaccines to Africa and push ahead with hosting the 2022 Winter Olympics in February. It was a reminder of the self-confidence Beijing ... The post As Olympics loom, China faces COVID-19 and other challenges first appeared on Hellenic Shipping News Worldwide.
- — The European Union works with G7 partners to promote investments, based on the Global Gateway strategy
- at 12/5/21 3:00pmThe EU is working closely with its G7 partners to promote sustainable investments worldwide, in line with its newly adopted Global Gateway strategy. The Statement on Partnership for infrastructure and investment issued today by G7 leaders sets out a new approach and concrete steps to narrow the existing infrastructure investment gap at global level. The ... The post The European Union works with G7 partners to promote investments, based on the Global Gateway strategy first appeared on Hellenic Shipping News Worldwide.
- — US economy held back by a lack of willing workers
- at 12/5/21 3:00pmPayrolls bad US non-farm payrolls rose at a much slower pace than expected in November. 210,000 jobs were added last month – less than half of the 550k consensus. 82k upward revisions dont really change anything. Goods producing jobs rose a solid 60,000, but there was a major slowdown in the service sector with just ... The post US economy held back by a lack of willing workers first appeared on Hellenic Shipping News Worldwide.
- — Goldman Sachs launches green finance group with Beijing think tank
- at 12/5/21 3:00pmGoldman Sachs Group Inc (NYSE:GS) and the International Finance Forum (IFF), a Beijing-headquartered think tank, launched a green finance working group on Saturday, the two said. The working group will facilitate dialogue on climate action among senior executives from global corporations and researchers from leading institutions, according to a joint statement sent to Reuters. They ... The post Goldman Sachs launches green finance group with Beijing think tank first appeared on Hellenic Shipping News Worldwide.
- — Top US officials share worries around climate progress, inflation but remain hopeful
- at 12/5/21 3:00pmTop US government officials pointed to significant challenges ahead to get the world on track for a net-zero emissions future and to rein in soaring prices at the pump and elsewhere as inflation no longer looks to be a short-term problem. But they also expressed confidence in the efforts the federal government is taking to ... The post Top US officials share worries around climate progress, inflation but remain hopeful first appeared on Hellenic Shipping News Worldwide.
- — Where’s the paper, ink, lightbulbs? U.S. offices struggle with supply shortages
- at 12/5/21 3:00pmWhile news of the Omicron coronavirus variant threatens to derail U.S. companies return-to-office-plans, employers trying to get workers back into offices said they are encountering a different, unforeseen challenge: keeping the lights on. The disruptions to the global supply chain caused by factory shutdowns in Asia, congestion at U.S. ports and a nationwide labor shortage ... The post Where’s the paper, ink, lightbulbs? U.S. offices struggle with supply shortages first appeared on Hellenic Shipping News Worldwide.
- — Belt and Road Initiative ‘more important than ever’ in dealing with pandemic, challenges in global economy: economist
- at 12/5/21 3:00pmAs the global economy is facing a difficult situation amid the pandemic, increasing debt problems, disrupted industrial chains and the need to cut emissions, the Belt and Road Initiative (BRI) is “more important than ever,” Li Daokui, professor of the School of Economics and Management at Tsinghua University, told a forum held in Beijing. Li ... The post Belt and Road Initiative ‘more important than ever’ in dealing with pandemic, challenges in global economy: economist first appeared on Hellenic Shipping News Worldwide.
- — Unilateral policies won’t revive US economy
- at 12/5/21 3:00pmThe American Flag flies at the US Capitol Building on Capitol Hill in Washington, on March 18, 2020. The US Department of Commerce announced on Nov 24 that it had added to its exports blacklist, formally Entity List, 27 new entities－12 from China, 13 from Pakistan, and one each from Japan and Singapore－because they did ... The post Unilateral policies won’t revive US economy first appeared on Hellenic Shipping News Worldwide.
- — ING: Our three calls on supply chain frictions for 2022
- at 12/5/21 3:00pm1 Supply chain frictions will start to ease but not until well into 2022 We expect input shortages and transportation issues to abate only after the Chinese New Year. Earlier improvements in Asian countries will first be used for domestic destinations before going overseas. Consequently, global supply chains should expect another few months of extreme ... The post ING: Our three calls on supply chain frictions for 2022 first appeared on Hellenic Shipping News Worldwide.
- — Britain’s old housing stock emerges as key emissions problem: Kemp
- at 12/5/21 3:00pmBritains old and badly insulated housing stock is emerging as a major problem for government efforts to reduce greenhouse gas emissions. Britain has made rapid headway cutting emissions from power generation over the last decade, but progress reducing emissions from homes has been very much slower. Stubbornly high emissions from houses and apartments are the ... The post Britain’s old housing stock emerges as key emissions problem: Kemp first appeared on Hellenic Shipping News Worldwide.
- — U.S. labor market tightening despite moderate November job gains
- at 12/5/21 11:00amU.S. employment growth slowed considerably in November amid job losses at retailers and in local government education, but the unemployment rate plunged to a 21-month low of 4.2%, suggesting the labor market was rapidly tightening. The four-tenths-of-a-percentage-point drop in the jobless rate from October reported by the Labor Department in its closely watched employment report ... The post U.S. labor market tightening despite moderate November job gains first appeared on Hellenic Shipping News Worldwide.
- — Omicron variant likely to usher growth downgrades -IMF’s Georgieva
- at 12/5/21 11:00amRecent global economic growth projections from the International Monetary Fund are likely be downgraded due to the emergence of the Omicron variant of the coronavirus, IMF managing director Kristalina Georgieva said on Friday. A new variant that may spread very rapidly can dent confidence and in that sense, we are likely to see some downgrades ... The post Omicron variant likely to usher growth downgrades -IMF’s Georgieva first appeared on Hellenic Shipping News Worldwide.
- — EU should have fiscal stabilisation money after recovery fund ends – Gentiloni
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at 12/3/21 3:00pmThe European Union should have money to help stabilise economies in a crisis, especially after the blocs post-pandemic recovery fund ends in 2026, European Economic Commissioner Paolo Gentiloni told a seminar on Thursday. Speaking at a European Central Bank seminar on euro zone fiscal policy, Gentiloni said that apart from such a fiscal stabilisation tool, ... The post EU should have fiscal stabilisation money after recovery fund ends – Gentiloni first appeared on Hellenic Shipping News Worldwide. - — ING: Our three calls for the eurozone
- at 12/3/21 3:00pm1Still no fiscal reforms but silent power shift towards Brussels The long-awaited discussion on how to modernise the eurozone’s fiscal rules will gain momentum in the second half of the year after the French presidential elections. The new German government has kept the door open to some reforms, even if we warn against too much ... The post ING: Our three calls for the eurozone first appeared on Hellenic Shipping News Worldwide.
- — Three calls for the US
- at 12/3/21 3:00pm1Inflation to stay above 3% throughout 2022 Supply chain strains, labour market shortages and the arrival of corporate pricing power have pushed inflation to a 30-year high. The Federal Reserve expects these influences to fade through 2022, but we are not so sure. Firms have millions of job vacancies to fill so competition to find ... The post Three calls for the US first appeared on Hellenic Shipping News Worldwide.
- — French industrial production rebounds but only in some sectors
- at 12/3/21 3:00pmA rebound in only one sector After a fall in September, French industrial production rebounded by 0.9% in October. Industrial production is still 4.5% below its pre-crisis level (-5.3% for manufacturing). Octobers rebound is largely attributable to a strong increase in production in other transport equipment (excluding automobiles), which rose by 13.9% in one month, ... The post French industrial production rebounds but only in some sectors first appeared on Hellenic Shipping News Worldwide.
- — China easing rules for US business travellers, approvals in 10 days
- at 12/3/21 3:00pmChina will cut to no more than 10 days the time required for approval of travel by U.S. business executives, its ambassador to the United States said on Thursday, promising to turn an attentive ear to concerns raised by businesses. Qin Gang, who arrived in the United States in July, told a dinner hosted by ... The post China easing rules for US business travellers, approvals in 10 days first appeared on Hellenic Shipping News Worldwide.
- — Omicron another blow to global economy
- at 12/3/21 3:00pmStatistics show that Omicron, a new variant of the novel coronavirus, might infect more juveniles and infants, and some vaccine manufacturers have said that the effectiveness of the current vaccines against Omicron is weaker. No wonder some countries, including Japan and Israel, have shut their borders again. The appearance of Omicron has shaken the financial ... The post Omicron another blow to global economy first appeared on Hellenic Shipping News Worldwide.
- — India-UK free trade agreement talks set for early 2022
- at 12/3/21 3:00pmFormal negotiations for an India-UK free trade agreement (FTA) are set to begin early next year as officials on both sides continue their engagement following the conclusion of working groups in October, the UK government said on Wednesday. A government spokesperson also dismissed a British media report indicating ruptures within the UK Cabinet over food ... The post India-UK free trade agreement talks set for early 2022 first appeared on Hellenic Shipping News Worldwide.
As of 12/6/21 12:13am. Last new 12/5/21 3:55pm.
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