Did the world become more equal after the financial crisis?

The “elephant chart” has been the most influential graph of the past decade in economics. It showed that in the 20 years before the financial crisis, global income growth largely benefitted two groups of people: the middle classes of emerging markets, such as China, and the ultra-rich around the world. Meanwhile, the middle and lower […]

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US sanctions top Chinese officials over Xinjiang abuses

The US sanctioned a top member of China’s ruling Communist Party and three other officials over human rights abuses in the western region of Xinjiang, a major escalation in the Trump administration’s increasingly tense rivalry with the country. The sanctioned individuals include Chen Quanguo, the Xinjiang party secretary who sits on the 25-member Politburo, as […]

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Seoul’s missing mayor park found dead after massive search

Seoul Mayor Park Won-soon, viewed as a potential candidate for the 2022 presidential election, was found dead hours after he was reported missing, police said, adding that he was the subject of an undisclosed investigation. Park’s daughter said he went missing on Thursday, telling the police his phone was shut off and that he made […]

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Beijing fears its people’s free thinking than any foreign foe, says Pompeo

US Secretary of State, Mike Pompeo, on Wednesday (local time) came down heavily on Chinese Communist Party and called for releasing Xu Zhangrun who was detained by Chinese authorities for publishing articles criticising Xi Jinping over coronavirus pandemic. “As with all unelected, communist regimes, Beijing fears its own people’s free thinking more than any foreign […]

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Trump forgoes insults of past, calls Mexico cherished friend

President Donald Trump, who has denigrated Mexican migrants and threatened the U.S. ally with crippling tariffs, welcomed President Andrés Manuel López Obrador to the White House on Wednesday, called him a cherished partner and claimed the countries’ economic and security ties were reaching new heights. Trump’s warm words were in stark contrast to the days […]

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Nepal’s coronavirus cases soar to over 16,500

Nepal on Thursday reported 108 new coronavirus cases, taking the country’s total count to 16,531. Click here for full Covid-19 coverage In the past 24 hours, 139 people have been discharged after their successful treatment, said Jageshwar Gautam, spokesperson for the Health Ministry. A total of 7,891 people have been discharged so far after recovering from […]

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Seoul mayor reported missing, his phone off, search underway

The mayor of South Korean capital Seoul has been reported missing and police are searching for him on Thursday. Police officers said they are looking for Mayor Park Won-soon at Seoul’s Sungbuk neighborhood where his mobile phone signal was last detected. They said Park’s mobile phone was currently turned off. His daughter called police earlier […]

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Covid-19 cases rise in Australia; lockdown in worst-hit Victoria state

Amidst the rising number of coronavirus cases in Australia, authorities in Melbourne and some regional parts of the hardest-hit Victoria state on Thursday entered into its first day of the second lockdown, imposing restrictions for next six weeks. Victoria recorded another 165 new Covid-19 cases in the last 24 hours including several hospital and aged […]

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‘Unprecedented shock’: Covid-19 pandemic could cause Canada’s federal deficit to increase tenfold

Canada’s projected deficit for the year has multiplied 10 times and net debt could reach $ 1.2 trillion due to the economic impact of the Covid-19 pandemic. These figures were among those detailed by Canadian finance minister Bill Morneau while presenting a fiscal update in the wake of what he described as, “an unprecedented shock […]

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