Global equities, oil prices and bitcoin plunged Monday on heightened recession fears triggered by runaway inflation.The dollar, however, gained versus major rivals, benefiting from its status as a haven investment and expectations of aggressive interest-rate hiking from the Federal Reserve (Fed).Bond yields also rose, with 10-year United States (US) Treasuries above 3.3 percent and Italy's 10-year debt breaking four percent for the first time in more than eight years.The US currency stru

Global stock markets rallied Tuesday on hopes that China will ease its weeks-long COVID lockdown and gradually reopen businesses.European exchanges closed higher and Wall Street's main indices also rose, spurred as well by a nearly one-percent rise in April retail sales."We've seen a much more positive vibe around European equity markets today, with reports out of Asia suggesting that China might be close to looking to ease some of its COVID restrictions, as case rates come dow

Asian equities were up on Monday after a rally on Wall Street last week, but analysts say fears of a recession due to surging inflation and COVID-driven supply chain woes still have investors worried.World markets have been volatile for much of 2022, fuelled by uncertainty over supply chain snarls due to China's lockdowns, inflation pressures and European anxiety over the Ukraine war.Wall Street stocks closed Friday with a robust rally on tech-rich Nasdaq after a tumultuous week that saw

Asia stocks mostly fell Tuesday as markets brace for a sharp United States (US) interest rate hike and similar moves by other central banks as they struggle to control inflation, with traders increasingly worried about another possible recession.Surging prices, moves to tighten monetary policy, China's COVID lockdowns, the Ukraine war and a stronger dollar have come together in recent weeks to cause a massive headache for investors, sending them running to the hills.All eyes are on the c

Russian President Vladimir Putin warned Thursday that Western penalties against Moscow for its military incursion in Ukraine would destabilise the global energy and food markets and vowed the country would emerge stronger from the crisis.Putin's "special military operation" in Ukraine that began on 24 February has triggered unprecedented Western sanctions and sparked an exodus of international corporations from Russia.Putin on Thursday however downplayed the massive sanctions,

Markets fell in Asia on Tuesday with investors looking for their next buying catalyst after the latest rally, while there were also concerns about fresh coronavirus flare-ups and the reimposition of restrictions in parts of the world.With news of President Joe Biden's bipartisan infrastructure deal having run its course and inflation worries continuing to linger, traders are choosing to sit tight ahead of key United States (US) jobs data later in the week and the beginning of corporate e

Since the COVID-19 outbreak, all eyes are on China and its response to containing the spread of the virus. On 31 December, 2019, the Chinese government reported that it was treating dozens of patients infected with a new virus. Just two weeks later, the first death was reported. As of today, more than one million cases have been confirmed.

The disruptions brought by the COVID-19 pandemic have emphasised the need to transform our economies and to restart economic growth by making it inclusive, green and fair.

COVID-19 and its collateral damage continue to leave a trail of devastation around the world. Millions of businesses have closed, with many having no realistic prospect of reopening. Millions of people have lost their jobs. Millions are without health care. Some families are suffering from food insecurity for the first time.

Negotiators from the United States (US) and China will discuss today the "phase one" trade deal signed earlier this year – before the coronavirus slammed the world economy and relations between the two economic powers took a turn for the worse.Washington and Beijing's January deal represented a partial truce in their months-long trade war, and obligated Beijing to import an additional US$200 billion in American products over two years, ranging from cars to machinery to oil and