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Warning Of Fading Financial Strength As Debt Mounts, Moody's Downgrades China,

Moody’s said that it expects the financial strength of the Chinese economy will erode in coming years as growth slows and debt continues to rise as the ratings agency - Moody's Investors Service downgraded China's credit ratings for the first time in nearly 30 years.   Even as the Chinese...

According To New Report, 9.8 Million People Employed By Renewable Energy

The International Renewable Energy Agency (IRENA) said on Wednesday that nearly 10 million people were employed in the renewable energy sector last year.   Excluding large hydropower, global renewable energy employment in 2016 hit 8.3 million, states IRENA's report, Renewable Energy and...

Asia, Brazil Struggle To Make Up Shortfall As 'War On Sugar' Takes Toll

Slowing of growth in global demand, which along with other factors could signal a fundamental shift in consumption ahead, is being caused by the "war on sugar" which is being waged by governments and consumers to combat public health emergencies like diabetes.   According to analyst group...

Why Luxembourg Can Be An Acquired Taste For Bankers Fleeing Brexit

From JPMorgan Chase & Co. to insurance giant American International Group Inc., little Luxembourg is luring firms on the lookout for a post-Brexit foothold in the European Union.   Following the U.K.’s vote to leave the European Union, AIG in March said it will open an...

Announcement Of $93 Billion In Committed Capital, And Launch Of Largest Tech Investment Fund Ever Made By Softbank And Saudis

Committed to what is expected to be the largest technology investment fund ever, closing $93 billion in capital was an investment group that includes Japan's SoftBank and Saudi Arabia’s sovereign wealth arm.   Investors in Softbank Vision Fund include the Mubadala Investment...

As Cobalt Sees 150% Surge, Metals Market Shaken Up By China-Led Electric Car Boom

Following several years of surplus production, a supply squeeze this year is expected to be generated as demand for cobalt has soared in the past year as investors expect inexorable growth in the global electric vehicle industry.   According to a report from the Organization for Economic...

Smartphone Prices Could Increase And Global Trade Could Be Disrupted By A War With North Korea

Among the major consequences from a potential war on the Korean Peninsula are pricier consumer electronics, disrupted global trade and higher U.S. federal debt, according to a new report from economic research consultancy Capital Economics.   In their quest to halt the rogue nation's nuclear...

This Is The Most Unpredictable Time In Our History, 82% Of Millionaires Believe

According to a new study by Swiss bank UBS on Wednesday, the current period is the "most unpredictable" ever, thinks the vast majority of millionaires across seven international markets.   With each millionaire having at least $1 million in investable assets (excluding property), a...

Huge UK Fertilizer Deal Confirmed By Chinese Company: Reuters

Confirmation of a binding agreement with the UK firm, Sirius Minerals, was given by a small Chinese company that is key to plans by Sirius Minerals to build a huge fertilizer mine under a national park in the north of England, reports news agency Reuters.   Saying it had been signed on May...

With $78 Billion Pledge, Xi Opens China Globalization Forum

His ambition to lead it during a speech inaugurating his cornerstone diplomatic trade initiative for a new Silk Road was laid down by Chinese President Xi Jinping as he laid the framework for Chinese-style globalization.   A "project of the century" that had its inspiration in the ancient...

Threat Of New Ransomware Attacks Bolsters Cyber Defenses Business By Businesses

Convinced that a lull in a computer offensive that has stopped car factories, hospitals, schools and other organizations in around 100 countries was only temporary, businesses around the world scrambled to prepare for a renewed cyber attack after Friday’s global attack.   After the so-called...

Bespoke's Hickey Says That 'Sucking Share' From Traditional Retail Is Online Retail - At 'Unheard Of Levels'

According to Bespoke Investment Group, the environment for traditional retailers may be much more troubled than Wall Street thinks.   Online retailers are "sucking share" from traditional retailers at an "incredible" rate, according ot a new report that has been prepared by the...
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