Page 38 - Cornelia Meyer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

1. Amazon “buys” Cyprus 2021 sees Amazon and other online monopoly and infotech giants casting an increasingly wary eye on governments looking to take them down a notch for having become too powerful, and for paying very low tax rates. These companies have long employed an army of lobbyists, with some of them even taking up quasi-governmental approaches to the situation. Take Microsoft, which has launched a United Nations representation office in New York and hired a diplomat to run European government affairs. At the same time, Facebook has even established a “Supreme Court” to overs...

Are we on the cusp of an emerging market debt crisis? Cornelia Meyer Short Url https://arab.news/jyxgf In November, the Institute of International Finance (IIF) came out with some chilling numbers: The global level of indebtedness rose by a staggering $15 trillion due to the cost the pandemic had inflicted on the global economy. The IIF expects global debt to exceed $277 trillion in 2020 or 365 percent of global gross domestic product (GDP). The 320 percent of global GDP it represented in 2019 already constituted a mountain of debt. The situation looks particularly grim for emerging markets, ...

RIYADH: The coronavirus pandemic has had a brutal impact on the world’s economy, but it hasn’t all been bad news.  Gold bullion, the world’s go-to commodity in times of crisis, was up around 24 percent this year and is set for its biggest annual gain since 2010. What is this precious metal’s big attraction? It benefits from diverse sources of demand - as an investment, reserve asset, a luxury commodity and a technology component - according to the World Gold Council. It is highly liquid, nobody’s liability and carries no credit risk. Furthermore it is scarce, historically proving t...

UK caught between COVID rock and Brexit hard place Cornelia Meyer December 23, 2020 15:39 A lorry blocks M20 motorway where trucks queue to port Dover, as EU countries impose a travel ban from the UK following the coronavirus disease (COVID-19) outbreak, near Ashford, Britain, December 23, 2020. (Reuters) Short Url https://arab.news/vdmaj Most British people would like to see their country as Cool Britannia, as it was portrayed in the late 1990s, or the “land of hope and glory,” Arthur Benson’s patriotic ode set to the rousing music of Edward Elgar. Currently it is neither. The UK has E...

New strain of COVID-19 wreaking havoc in aviation and oil Cornelia Meyer Short Url https://arab.news/jq6p2 The airline industry, which had been badly battered by the pandemic, just about saw light at the end of the tunnel courtesy of vaccine approvals and the rollout of vaccination programs in several major economies. But once again the virus proved that it had a mind of its own. A mutant strand, which is believed to be 70 percent more infectious than the original coronavirus disease (COVID-19) and which had evolved in the southeast of England, forced the UK government to bring 16.4 million p...