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Archive for the tag “Coronavirus”

A Historic EU Agreement – But For All The Wrong Reasons

It took four days of almost constant and uninterrupted negotiations, but in the end, a deal was made: EU leaders agreed on a roadmap out of the coronavirus economic crisis in the early hours of this morning, with the package predictably hailed as “historic” by almost all involved. Historic it might be, but that is hardly a positive development: instead, it will further intensify EU integration in areas where an “ever closer union” is unwise…

Read Here – CapX

The Long Economic Hangover Of Pandemics

The COVID-19 pandemic’s toll on economic activity in recent months is only the beginning of the story. While the rapid and unprecedented collapse of production, trade, and employment may be reversed as the pandemic eases, historical data suggest that long-term economic consequences could persist for a generation or more.

Read Here – Finance & Development

Much Of US Scales Back On Holiday, But Trump Plans To Go Big

Photo courtesy: White House/Flickr

As coronavirus cases spike, public health officials are pleading with Americans to avoid large crowds and hold more muted Independence Day celebrations, but subdued is not President Donald Trump’s style, and he aimed to go big, promising a “special evening” in Washington that could bring tens of thousands to the National Mall.

Read Here – APNews

Only Half The World’s Population Has Access To Internet

COVID-19 and the Great Lockdown triggered a mass migration from analog to digital and highlighted that access to the Internet is crucial for socioeconomic inclusion. High-speed Internet is key for working from home, for children’s education when they can’t attend school in person, for telemedicine, for benefiting from social support programs, and for enabling access to financial services for everyone, especially for those living in remote areas. Still, Internet usage remains a luxury: half of the world’s population does not have access to the Internet, either through a mobile device or through fixed line broadband.

Read Here – IMFBlogs

Trump Threat To ‘Decouple’ U.S. And China Hits Trade, Investment Reality

Conflicting talk from Trump administration officials about “decoupling” the U.S. economy from China is running into a challenging reality: Chinese imports of U.S. goods are rising, investment by American companies into China continues, and markets are wary of separating the world’s biggest economies.

Read Here – Reuters

COVID-19 Will Leave South Asia Poorer, Weaker And Less Democratic

South Asian economies had seen some of the world’s fastest growth in recent years, but there are also high concentrations of extreme poverty in the region. Poor or near-poor residents of India and Pakistan were already suffering from a series of regressive economic policies, so for them, the pandemic is the second of a one-two punch.

Read Here – World Politics Review

Why Are Stocks Soaring In The Middle Of A Pandemic?

The contrast seems grotesque. A deadly pandemic has shut down the global economy and left millions of workers furloughed, fired, or stranded without gigs. The future for most businesses looks uncertain to dismal. Yet U.S. stock indices are near all-time highs, at giddy valuations comparable to the 2000 dot-com bubble and 1929.

Read Here – Foreign Policy

Trump Offers To Mediate ‘Raging’ India-China Border Dispute

Photo courtesy: White House/Flickr

U.S. President Donald Trump said he had offered to mediate a standoff between India and China at the Himalayan border, where soldiers camped out in a high-altitude region have accused each other of trespassing over the disputed border. “We have informed both India and China that the United States is ready, willing and able to mediate or arbitrate their now raging border dispute,” Trump said in a Twitter post.

Read Here – Reuters

Also Read – A China-India Clash Would Be Xi Jinping’s Grand Mistake

Chinese Foreign Minister Defends ‘Wolf Warrior’ Diplomats For Standing Up To ‘Smears’

China’s foreign minister has defended the country’s combative “wolf warrior” diplomacy, saying the country will stand firm in defending the national interest and combating “smears”. Wang Yi, who is also a State Councillor, also lashed out at attempts to sue China for compensation over the Covid-19 pandemic, telling a press conference on Sunday that the law suits were “blackmail” and “frivolous”.

Read Here – South China Morning Post

China And US Must Find Ways To Avoid New Cold War, Says Chinese Foreign Minister

China and the US should try to avoid a new Cold War and find new ways to cooperate despite their differences, Chinese Foreign Minister Wang Yi said on Sunday. “We need to be alert to efforts by some political forces in America to hijack China-US relations and who try to push the two countries towards a so-called ‘new Cold War’.

Read Here – South China Morning Post

Also Read: Blackmailing China Over COVID-19 ‘Daydreaming’: Chinese FM

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