Tag #Global Economy

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pt.euronews.com

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Jan 20, 22:10

Billionaire Wealth Surges to \$15 Trillion, Exceeding Eurozone GDP

In 2024, the world's billionaires amassed \$15 trillion in wealth, equivalent to the Eurozone's GDP, increasing by \$2 trillion (three times faster than in 2023), while poverty levels remained largely unchanged since 1990; Oxfam predicts at least five trillionaires will emerge by 2034.

Billionaire Wealth Surges to \$15 Trillion, Exceeding Eurozone GDP

In 2024, the world's billionaires amassed \$15 trillion in wealth, equivalent to the Eurozone's GDP, increasing by \$2 trillion (three times faster than in 2023), while poverty levels remained largely unchanged since 1990; Oxfam predicts at least five trillionaires will emerge by 2034.

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How does the rapid growth of billionaire wealth compare to the progress made in poverty reduction?

Oxfam International's report highlights the dramatic acceleration of billionaire wealth accumulation, exceeding the growth in global GDP and worsening global inequality. The report connects this trend to policy failures and calls for increased taxation of the wealthy and stronger regulations to curb corporate power and increase fair wages.

smh.com.au

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Jan 20, 22:10

European Stocks Rise on Delayed US Tariff Announcement

European stocks rebounded after initial dips, fueled by reports that President-elect Trump won't immediately impose new tariffs; automakers led the gains, while London's FTSE 100 hit a record high; the Australian market also showed positive signs.

European Stocks Rise on Delayed US Tariff Announcement

European stocks rebounded after initial dips, fueled by reports that President-elect Trump won't immediately impose new tariffs; automakers led the gains, while London's FTSE 100 hit a record high; the Australian market also showed positive signs.

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What was the immediate market reaction to the news that President-elect Trump would not impose new tariffs immediately?

European stocks closed higher, recovering from earlier losses as concerns over potential US tariffs eased. Automakers like Daimler and BMW saw significant gains exceeding 2 percent. The FTSE 100 reached a record high for the second consecutive day.

forbes.com

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Jan 19, 10:08

Global Cooperation Stagnates Despite Some Positive Trends

The 2025 Global Cooperation Barometer shows cooperation is higher than pre-pandemic levels but has plateaued; key challenges include decreased global peace and security, trade, and progress on UN Sustainable Development Goals.

Global Cooperation Stagnates Despite Some Positive Trends

The 2025 Global Cooperation Barometer shows cooperation is higher than pre-pandemic levels but has plateaued; key challenges include decreased global peace and security, trade, and progress on UN Sustainable Development Goals.

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Peace, Justice, and Strong Institutions

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How do the declining levels of trade and capital cooperation impact global economic growth and development?

The 2025 Global Cooperation Barometer reveals a mixed picture. While some areas show progress, such as improvements in health outcomes and digitization driving innovation, setbacks in global peace and security, coupled with decreased trade and foreign direct investment, hinder overall advancement. The UN's Pact of the Future aims to address this, but broader action is crucial.

dailymail.co.uk

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Jan 18, 19:08

Poll Shows Strong Support for Tariffs Despite Concerns of Trade Wars

A DailyMail.com poll shows that while most Americans believe other countries have acted fairly in trade with the U.S., a significant majority believe China has not (59%), leading to strong support for tariffs; despite warnings of trade wars, a majority also favor tariffs on Canada (37%), Mexico (41%...

Poll Shows Strong Support for Tariffs Despite Concerns of Trade Wars

A DailyMail.com poll shows that while most Americans believe other countries have acted fairly in trade with the U.S., a significant majority believe China has not (59%), leading to strong support for tariffs; despite warnings of trade wars, a majority also favor tariffs on Canada (37%), Mexico (41%...

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How do differing public perceptions of trade fairness across various countries influence support for tariffs, and what broader patterns emerge?

The poll highlights a disparity between overall trade opinions and support for tariffs. While majorities believe Canada, the UK, and the EU acted fairly, substantial support for tariffs against these nations still exists (37%, 41%, and 37%, respectively), suggesting that economic considerations may outweigh perceptions of fairness in shaping public opinion. This is even more pronounced regarding China, where the strong belief that the country acted unfairly (59%) significantly correlates with widespread support for tariffs (52%).

es.euronews.com

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Jan 18, 10:06

Global EV Sales Hit Record in 2024 Despite Regional Variations

Global electric vehicle sales reached a record 17.1 million units in 2024, a 25% increase; however, growth varied regionally, with China surging 40%, North America up 9%, and Europe down 3% due to policy changes.

Global EV Sales Hit Record in 2024 Despite Regional Variations

Global electric vehicle sales reached a record 17.1 million units in 2024, a 25% increase; however, growth varied regionally, with China surging 40%, North America up 9%, and Europe down 3% due to policy changes.

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Climate Action

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What were the overall global EV sales figures for 2024, and what were the key regional variations in sales growth or decline?

Global electric vehicle (EV) sales surged 25% in 2024, reaching 17.1 million units. December 2024 marked the fourth consecutive record month, exceeding 1.9 million units sold globally, a 5% increase from November. This growth was unevenly distributed across regions.

dw.com

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Jan 17, 22:10

Davos 2025: Trump's Return, Ukraine War, and AI Dominate WEF Agenda

The 2025 World Economic Forum (WEF) in Davos, Switzerland, brings together nearly 3,000 leaders from 130 countries to discuss pressing global issues, including the return of Donald Trump to the US presidency, the ongoing war in Ukraine, and the transformative potential of artificial intelligence.

Davos 2025: Trump's Return, Ukraine War, and AI Dominate WEF Agenda

The 2025 World Economic Forum (WEF) in Davos, Switzerland, brings together nearly 3,000 leaders from 130 countries to discuss pressing global issues, including the return of Donald Trump to the US presidency, the ongoing war in Ukraine, and the transformative potential of artificial intelligence.

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How will the rise of populism and the potential impacts of Trump's presidency affect global trade and economic cooperation?

Rising populism, exacerbated by economic hardship and high prices, fueled electoral shifts in many countries ahead of the WEF. The forum's discussions will center on these shifts alongside global conflicts (Ukraine, Gaza), climate change, and the rapid advancement of AI, all contributing to a fragmented global landscape.

dw.com

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Jan 20, 22:10

Davos 2024: Global Uncertainty Dominates WEF Amidst Russia's Absence

The 54th World Economic Forum (WEF) convened in Davos, Switzerland, on January 20th, 2024, addressing global uncertainty from geopolitical conflicts, economic fragmentation, and climate change; key attendees include US President Joe Biden and Ukrainian President Volodymyr Zelenskyy, with Russia nota...

Davos 2024: Global Uncertainty Dominates WEF Amidst Russia's Absence

The 54th World Economic Forum (WEF) convened in Davos, Switzerland, on January 20th, 2024, addressing global uncertainty from geopolitical conflicts, economic fragmentation, and climate change; key attendees include US President Joe Biden and Ukrainian President Volodymyr Zelenskyy, with Russia nota...

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How has Russia's participation in the WEF changed over time, and what does its current absence signify for its international standing?

This year's WEF, attended by leaders from 60 countries and over 1,500 businesspeople, marks a significant absence: Russia. Once a key participant, actively promoting reforms and seeking partnerships, Russia's exclusion reflects its diminished international standing and the current geopolitical climate. The absence highlights the impact of Russia's actions on its global relationships.

bbc.com

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Jan 19, 07:06

Global Economic Uncertainty in 2025: Inflation, Interest Rates, and Trade Wars

The global economy faces uncertainty in 2025, with projected 3.2% growth threatened by persistent inflation, US interest rate policies, and Donald Trump's potential re-imposition of tariffs on China, Canada, and Mexico, impacting supply chains and potentially causing a recession.

Global Economic Uncertainty in 2025: Inflation, Interest Rates, and Trade Wars

The global economy faces uncertainty in 2025, with projected 3.2% growth threatened by persistent inflation, US interest rate policies, and Donald Trump's potential re-imposition of tariffs on China, Canada, and Mexico, impacting supply chains and potentially causing a recession.

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How might Donald Trump's trade policies affect global supply chains and economic growth in 2025?

The US Federal Reserve's decision to hold interest rates reflects a continued fight against inflation, impacting global markets. Donald Trump's return to power and his threats of new tariffs against China, Canada, and Mexico introduce significant uncertainty, potentially disrupting global supply chains and harming economic growth. This uncertainty is compounded by persistent high inflation rates in many countries.

lentreprise.lexpress.fr

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Jan 19, 22:06

China's Record Trade Surplus Threatens Global Competitors

China's export surge in 2024, exceeding expectations by 7%, leads to a record trade surplus, threatening global competitors and prompting concerns about further European deindustrialization, while China seeks new markets in developing nations.

China's Record Trade Surplus Threatens Global Competitors

China's export surge in 2024, exceeding expectations by 7%, leads to a record trade surplus, threatening global competitors and prompting concerns about further European deindustrialization, while China seeks new markets in developing nations.

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What are the immediate global economic impacts of China's record trade surplus and its potential response to US tariffs?

China's 7% increase in exports in 2024, reaching a record trade surplus, highlights its manufacturing dominance and overcapacity. This surplus, encompassing diverse products from solar panels to consumer goods, threatens global competitors, particularly in Europe, causing concerns about further deindustrialization. The US threat of 60% tariffs further complicates the situation, pushing China to seek alternative markets.

china.org.cn

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Jan 18, 01:10

IMF Upgrades 2025 Global Growth Forecast Amid Widening Economic Divergences

The IMF slightly upgraded its 2025 global growth forecast to 3.3 percent, citing recent market developments and temporary trade policy uncertainty; however, growth divergences are widening, with the U.S. forecast at 2.7 percent, the Eurozone at 1 percent, China at 4.6 percent, and emerging markets a...

IMF Upgrades 2025 Global Growth Forecast Amid Widening Economic Divergences

The IMF slightly upgraded its 2025 global growth forecast to 3.3 percent, citing recent market developments and temporary trade policy uncertainty; however, growth divergences are widening, with the U.S. forecast at 2.7 percent, the Eurozone at 1 percent, China at 4.6 percent, and emerging markets a...

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What are the key factors driving the IMF's upward revision of the 2025 global growth forecast, and what are the immediate implications for different economies?

The IMF upgraded its 2025 global growth forecast to 3.3 percent, a 0.1 percentage point increase from October 2024. This upward revision reflects recent market developments and incorporates the impact of heightened, yet temporary, trade policy uncertainty. However, divergences in growth across countries are widening, with the U.S. forecast rising to 2.7 percent while the Eurozone's fell to 1 percent.

lexpress.fr

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Jan 18, 10:06

China's Export Surge Threatens Global Competitors

China's export surge in 2024, fueled by manufacturing overcapacity, creates a record trade surplus, threatening global competitors, particularly in Europe, while prompting China to seek new markets in the global South, potentially leading to increased investment in those regions.

China's Export Surge Threatens Global Competitors

China's export surge in 2024, fueled by manufacturing overcapacity, creates a record trade surplus, threatening global competitors, particularly in Europe, while prompting China to seek new markets in the global South, potentially leading to increased investment in those regions.

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How might the US threat of tariffs influence China's trade strategies and the global distribution of manufacturing?

This situation is due to China's powerful manufacturing sector exceeding domestic demand, leading to a need to export surplus goods. The US threat of 60% tariffs may accelerate China's trade with developing nations, as predicted by BCG's projection of a $1.25 trillion increase in trade with the global South by 2033.

europe.chinadaily.com.cn

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Jan 17, 04:09

China's Economy Exceeds Expectations in 2024, but Challenges Remain

China's economy grew by approximately 5 percent in 2024, exceeding expectations and reaching a GDP of over 130 trillion yuan, driven by growth in new industries and increased foreign investment; however, challenges remain and require proactive fiscal and monetary policies to maintain the positive tr...

China's Economy Exceeds Expectations in 2024, but Challenges Remain

China's economy grew by approximately 5 percent in 2024, exceeding expectations and reaching a GDP of over 130 trillion yuan, driven by growth in new industries and increased foreign investment; however, challenges remain and require proactive fiscal and monetary policies to maintain the positive tr...

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What were the key economic achievements of China in 2024, and what are the immediate implications for global economic growth?

China's economy grew approximately 5 percent in 2024, exceeding 130 trillion yuan in GDP and setting record highs in foreign trade (43.8 trillion yuan in goods) and services trade (6.7 trillion yuan). Over 52,000 foreign-funded enterprises were established, attracting roughly 750 billion yuan in foreign investment during the first 11 months of the year.

Showing 2,485 to 2,496 of 2,734 results