LONDON – Central banking in emerging markets has undergone a quiet revolution during the COVID-19 pandemic. Unlike in past crises, they have been able to mimic what central banks in advanced economies have been implementing: counter-cyclical policies with quantitative easing (QE), local-currency asset purchases, interest-rate cuts, and monetization of government deficits
NEW YORK – New research published this July in The Lancet forecasts that continued growth “through the century is no longer the most likely trajectory for the world’s population.” Rather, the global population is likely to peak in 2064 at 9.7 billion, before declining to 8.8 billion by 2100. The authors project that the populations of 23 countries – notably Japan, Thailand, Spain, and Ukraine – will be at most half their 2017 size by 2100, while the population of “another 34 countries will probably decline by 25-50%, including China, with a forecasted 48.0% decline.”
NEW YORK – Shortly after US President Donald Trump issued an executive order effectively banning the Chinese-owned social-media app TikTok, he issued a second order prohibiting “any transaction that is related to WeChat by any person … as identified by the Secretary of Commerce.” According to the White House, the WeChat ban – which will take effect on September 20 – is intended to protect Americans and visiting Chinese in the United States from violations of privacy by the Chinese government and to limit fake news from the Chinese government reaching Americans. But the ban is likely to be counterproductive, and there are better solutions to these problems
With the benchmark Kospi virtually flat from a year ago, the collective wealth of the 50 richest, at $110.8 billion, was nearly unchanged from last year’s $110 billion
Facebook is a key battlefield for the 2020 election but the launch of the Voter Information Centre could see the world's largest social network getting caught in the crossfire
NEW YORK – Following US President Donald Trump’s vow to block US access to TikTok, the popular short-video app’s Chinese parent company, ByteDance, has been in frantic talks with Microsoft, presumably to sell its subsidiary quickly before the ban goes into effect
NEW DELHI – The United States, Brazil, and India have surged ahead of the rest of the world in terms of the number of confirmed COVID-19 cases, with no peak in sight. They (and fourth-place Russia) have one thing in common: macho leaders with authoritarian personalities