Showing 1 - 6 of 6
Ukraine War's Global Economic Impact Will Hit Poorest Hardest, OECD Says
Business, Paul Hannon, Published on 19/03/2022
» Russia's invasion of Ukraine will be felt by households around the world through higher energy and food prices, with disruptions to trade and fragile confidence contributing to a significant weakening of global economic growth, the Organization for Economic Cooperation and Development said Thursday.
Omicron's Threat to the Global Economy Runs Through China
Business, Paul Hannon, Published on 15/02/2022
» The direct economic harm caused by the Omicron variant of Covid-19 in highly vaccinated countries appears so far to be relatively modest and short-lived, but its indirect hit could prove significant if China resorts to repeated lockdowns in its effort to suppress the virus within its borders.
A G7 Deal on a Global Minimum Tax for Companies Faces Hurdles
Business, Richard Rubin & Paul Hannon & Sam Schechner, Published on 08/06/2021
» An agreement by wealthy countries to impose minimum taxes on multinational companies faces a rocky path to implementation, with many governments likely to wait and see what others, especially a divided U.S. Congress, will do.
Foreign Investment Set to Fall on Coronavirus Outbreak
Business, Paul Hannon, Published on 09/03/2020
» Businesses will likely cut their overseas investments by between 5% and 15% this year in response to the coronavirus outbreak, but there may also be a longer-lasting movement of production back to their home countries, the United Nations said Friday.
Trump's Tariff Threats Are Tested by Europe's Record Trade Surplus
Business, Paul Hannon & Tom Fairless, Published on 17/02/2020
» Europe's trade surplus with the U.S. hit a record high in 2019, a rise that risks drawing the ire of President Trump, who recently renewed threats to place tariffs on European Union goods if the bloc didn't agree to a new deal.
Europe Remains a Weak Spot for the Global Economy
Business, Paul Hannon, Published on 27/01/2020
» Europe's economy remained a global weak spot as 2020 got under way, with its services sector losing momentum even as factories saw export orders begin to stabilize after a long and deep decline.