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Singapore aims to be global e-commerce hub as Asia’s digital economy grows

A group of Black Friday online shopping purchases photographed in delivery boxes filled with polystyrene packing pellets, taken on September 13, 2019. Neil Godwin| Future Publishing | Getty Images Singapore wants to become a leading e-commerce hub in Asia — but there may be challenges ahead. As the pandemic reshapes consumer behavior worldwide, more and […]

Debt at 58.8% of GDP as economy shrinks

NEW DELHI : India’s debt soared to 58.8% of the gross domestic product in the fiscal year ended March from 51.6% a year ago as the economic contraction forced the government to borrow a record amount to meet a revenue shortfall, finance ministry data showed, prompting experts to raise concerns over debt sustainability in the […]

Rupee to remain range-bound against US dollar

KARACHI: Analysts forecast that the rupee is likely to remain range-bound against the US dollar in the coming week, depending on the demand for greenback by importers and as companies make their end-of-year payments, reported The News on Sunday. The rupee had a volatile week as it swung between 157.51 to a low of 158.53. […]

Economics, then and now | Book Review: More by Philip Coggan

The book covers financial crises like Lehman Brothers, Europe’s debt crisis contagion, property crisis in Ireland, etc (Photo: Express archives) History is all about wars and kings and destruction. Economics is always about inflation and growth. How does one then narrate economic history? The subject can be a drag and it is difficult to maintain […]

The U.S. Economy Is Closer to Normal — but Still Has a Ways to Go

When the coronavirus pandemic first hit U.S. soil, millions of people lost their jobs within weeks. And in April of 2020, the U.S. jobless rate hit a record high. Things have improved a lot since then. Not only have more jobs been added back to the economy, but the numerous stimulus rounds that hit Americans’ […]

3 Fundamental Changes From the Pandemic Economy That Could Be Permanent

Some elements of the pandemic-era economy are likely to stick around well after the recovery. Experts warned the post-crisis economy would be different, and now it’s becoming clear how. From remote work to a red-hot housing market, 4 fundamental shifts could be permanent. See more stories on Insider’s business page. The post-pandemic economy is taking […]

Experts weigh in on Resorts World’s potential economic impact on Las Vegas

LAS VEGAS (KLAS) — Resorts World is now open for business! So, the big question is: how much of an economic impact will it have? Resorts World is the first new property on the Las Vegas Strip in more than a decade. Crowds of people filed into the resort Thursday night, as it opened to […]

The Weekly Wrap – Dollar Gives Up Ground as Economic Data and Powell Question Divergence

Out of the U.S It was quiet start to the week. The markets had to wait until Wednesday for June’s prelim private sector PMI numbers. It was a mixed bag for the markets. While manufacturing sector activity picked up, the pace of service sector growth slowed in June. The services PMI fell from 70.4 to […]

Fed’s Hawkish Shift and the US Economic Outlook

Let me start by asking you – Have you watched Oliver Stones’ 1987 masterpiece, ‘Wall Street’? Great! For those who haven’t, here is a quick reflection of its storyline. This movie is a premise with a promise, and exert its audience to seek an answer to one of the most neglected question in the philosophy […]

Warnings signs for emerging economies

The most recent World Bank outlook for emerging markets and developing economies is especially significant because of the cautionary messages it contains. Whereas rich countries appear set to return to or even exceed their pre-pandemic growth rates, the developing world’s prospects are more mixed The World Bank’s Global Economic Prospects (GEP) report, published twice a […]