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The World Trade Organization (WTO) on Monday finally got its new boss. Ngozi Okonjo-Iweala is highly qualified for the job as a former deputy of the World Bank, two-time finance minister of Nigeria, and outgoing chair of Gavi, the global alliance created to enable access to coronavirus disease (COVID-19) vaccines for the developing world. The new director general – the first
Why the reflation trade can work for Gulf economies Cornelia Meyer Short Url https://arab.news/vc7mp US Treasury yields have turned positive. The most significant jump was the 10-year Treasury note, which jumped from 0.72 percent in September to 1.375 percent on Monday morning. The questions to ask are: What is behind the move? What does it mean for equity markets? And what are the implications for emerging markets, especially the Gulf Cooperation Council (GCC)? The name of the story is reflation, or rather a fear of inflation. Since last March, central banks have pushed $6.6 trillion of ...
Global mining community is off to the races. Why it matters to the GCC Cornelia Meyer February 20, 2021 01:32 An employee walks up an overlook of the Rio Tinto borates mine in Boron, California, on November 15, 2019. (REUTERS/Patrick T. Fallon/File Photo) Short Url https://arab.news/vu3ay The world’s leading mining companies reported their earnings earlier this week. They have been ripping it up: BHP had its best results in seven years; Rio Tinto returned $9 billion to its shareholders, a record in its 148-year history; Fortescue increased its dividend by a whopping 93 percent; and Glencore...
The imprisonment of Russian opposition politician Alexei Navalny on his return from having been treated for Novichok poisoning in Berlin brought the fissures between Russia and the West to the fore — as did the police’s subsequent heavy-handed response to pro-Navalny demonstrators. The EU and Germany were quick to condemn the actions and the US followed suit. Both the US and
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