G20 leaders are also expected to formally affirm their commitment to establishing a 15 percent global minimum corporate tax rate by 2023.
Taking cue from Wall Street, which fell 2 percent on Monday, Asian stocks widened their losses amid growing fears that the more transmissible Delta variant would harm the global economic recovery.
At least 220 million people expected to remain unemployed globally this year, well above 187 million recorded in 2019, a new report by International Labour Organization says.
The world’s second-largest economy extended its impressive trade performance in April, with exports unexpectedly accelerating and import growth hitting a decade high.
Vaccine programs have sparked optimism and encouraged a revision of global growth projections for 2021 and onwards.
The 37-member organisation's new report shows a trend of significant financial recovery across the world. In terms of least GDP changes from pre-pandemic projections, Turkey stands second only to the US in 2021
Despite its volatility, many investment funds continue to buy bitcoin, while banking giants have compared it to haven investment gold.
The global coronavirus pandemic has infected more than 45 million people and claimed more than 1.1 million lives. Here are the updates for October 29:
The latest figures bring the total number of cases in China to over 74,000 with 2,004 deaths, three quarters of which have occurred in the Hubei provincial capital of Wuhan.
The slump in growth in leading economies raises concerns with central banks running out of options after driving interest rates to a historic low.
Just the fear of an escalation in the trade war is pushing investors to dump stocks and rush for the safety of US government securities.
UK exit from the EU would reverse the trend towards greater global trade and investment, and the jobs they create and is a further serious risk to growth said the G7 leaders in a joint declaration.
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