Page 14 - Cornelia Meyer News Today

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The leaders of the world’s richest industrialized nations are holding their first face-to-face G7 summit in well over a year. The enthusiasm is great as multilateralism seems to be back on the agenda. Heads of government are eager to explore how to rebuild the global economy in a world ravaged by the COVID-19 pandemic. Boris Johnson, the UK prime minister, spoke in his opening

Why US efforts to counter China’s tech advancements matter to the rest of the world Cornelia Meyer Short Url https://arab.news/ggm99 Nothing unites enemies more than a common foe. The US Senate proved that when it overwhelmingly passed a bill aimed to bolster technological and industrial capacity in the technology and innovation space by 68-32 votes. The sum allotted comes in just shy of a quarter of a trillion dollars. It is particularly noteworthy that the bill was passed on the same day as...

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COVID-19: How $50 billion could be translated into $9 trillion Cornelia Meyer May 24, 2021 23:56 European Commission President Ursula von der Leyen and Italian Prime Minister Mario Draghi arrive for the virtual G20 summit on the global health crisis, at Villa Pamphilj in Rome, Italy, May 21, 2021. (Reuters) Short Url https://arab.news/c258t Numbers are powerful tools to illustrate the economic consequences of policies and behaviors. Last Friday, during a virtual G20 health summit co-hosted by I...

The buzzword among economists these days is inflation. Last week’s US consumer price and producer price indices stood at 4.2 and 6.2, respectively. The question on everybody’s mind is whether inflation is a blip, or here to stay for the long haul. On Wednesday, for the first time since the start of the pandemic, the Fed published its latest minutes, indicating that some

Why are central banks looking at taking on more risk? Cornelia Meyer The Federal Reserve building is set against a blue sky in Washington, US. (Reuters/File) Short Url https://arab.news/g762r No one is immune to the economic realities on the ground, not even central bankers. The conundrum of how to achieve yield with an acceptable risk profile is foremost on investors’ minds. We live in a world of ultra-low interest rates and expansionary central bank policies. Combined with inflation fears o...