Showing results for "Shoura Council"

Taming the stagflationary winds

  • A stream of recent data suggests that the global economy is showing signs of stagflation, that odd 1970s-style mixture of rising inflation and declining growth. Those who have noticed it — and there are still too few of them — fall into two broad camps. Some see the phenomenon as temporary, and...
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Mishandled vaccine rollout exacerbating West’s credibility crisis

  • The proper functioning of any interconnected economic system depends on trust. And a global system that has been designed by advanced economies requires a significant level of buy-in from the developing world. Both become even more important as more developing economies, led by China, gain syst...
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G7 has to go down difficult road on vaccines

  • Recognizing that “no one is safe until everyone is safe,” the G7 last week announced additional steps to facilitate more “affordable and equitable access to vaccines, therapeutics, and diagnostics” globally to combat the coronavirus disease (COVID-19). But translating stated intent into effecti...
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Boris Johnson and other leaders must heed the lessons of lockdown

  • UK Prime Minister Boris Johnson’s recent warning that the lifting of England’s current third lockdown will be no “great open sesame,” despite a fall in infections and the encouraging progress of the country’s coronavirus disease (COVID-19) vaccination program, should come as no surprise to anyo...
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How world can bounce back in 2021

  • For people around the world, arguably the greatest hope is that 2021 will be a year of beneficial transformation: Rapidly recovering economies, firms eager to pivot to offense with “resized” business models, and governments talking about “building back better.” The risk, as yet insufficiently a...
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The pandemic’s complex cocktail

  • Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 11, 2020. (Reuters) Having long been buttressed by ample liquidity, financial markets are entering the final quarter of 2020 amid an increasingly tentative global econom...
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World should not ignore COVID-19’s silver linings

  • A scientist works on the production of a vaccine for Covid-19 at the Oxford Vaccine Group’s facility in Oxford, Britain. (Reuters) The human tragedies and massive economic disruptions caused by the coronavirus disease (COVID-19) have rightly commanded the attention of t...
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Reading the dollar doldrums

  • A near-10 percent drop in the value of the US dollar since its March high has given rise to two distinct narratives. The first takes a short-term perspective, focusing on how a depreciation could benefit the US economy and markets; the second takes the long view, fretting over the dollar’s...
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Globalization will get another chance despite being benched

  • Mike Pompeo has accused China, Russia and Iran of carrying out disinformation campaigns related to the coronavirus pandemic. (AFP) Having already been buffeted by two big shocks in the last 10 years, the global economy’s highly interconnected wiring is suffering a ...
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Saving the developing world from COVID-19

  • Street vendors seeking permits to work during the national lockdown, due to the coronavirus outbreak, gather in Johannesburg. (AFP) Declining coronavirus disease (COVID-19) infection rates and plans to begin easing lockdown measures in some parts of the developed world have provi...
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