“We believe the Chinese authorities have the fiscal and monetary capacity to ”shock absorb“ giant real estate promoter Evergrande”, said OECD chief economist Laurence Boone.
Brazil's President Jair Bolsonaro Tuesday highlighted his policies, economic or otherwise, during his opening speech at the 76th United Nations General Assembly in New York City.
United Nations Secretary-General António Guterres, Tuesday rang the alarm during his speech at the 76th General Assembly in New York City, saying the world “has never been so threatened or so divided” before.
Compassion in World Farming is urging world leaders to harness the momentum garnered at this week’s first-ever United Nations Food Systems Summit (UN FSS) to take clear and radical action towards transforming our broken global food system.
By Irina Slav for Oilprice.com – Oil super-major Shell is leaving the Permian with a divestment worth close to US$10 billion. The company said it will sell its assets in the shale play to ConocoPhillips for a total price of US$9.5 billion.
The United Kingdom Maritime and Coastguard Agency has published new guidance on mitigating the risk of serious injury from whole-body vibration on small vessels. Whole Body Vibration (WBV) and Repeated Shock (RS) injuries are a known issue of travelling on small vessels at high speeds. When they occur, they can be life-changing or even fatal.
President Jair Bolsonaro highlighted on Tuesday, in New York, Brazil's work on environmental preservation and the fight against climate change. He also emphasized that he always defended fighting the virus and unemployment simultaneously and with the same responsibility, and claimed lockdowns have “left a legacy of inflation, particularly in foodstuffs around the world.”
Asian stocks sank on Monday amid fears of a potential collapse of the beleaguered Chinese real estate company Evergrande could lead to a wave of defaults in China's bloated housing market that could extend from the second-largest economy to the rest of the world. The company must pay this week interests on loans and bonds and experts fear it will not be able to honour creditors.
As the Chinese Evergrande Group falls into debt some regards as an encore of the Lehman Brothers crisis of 2008, markets around the globe have begun to brace for the worst despite little signs of encouragement in the opposing sense.
The International Association of Antarctica Tour Operators (IAATO) is preparing for the start of the Antarctic travel season following months of discussion and collaboration with Antarctic gateways.