G20 discusses economic risks of climate change, digitalisation and economic recovery

On June 9 and 10, 2021, the fifth meeting of the framework working group focused on the macroeconomic risks associated with climate change and on the relationship between digital transformation and productivity. With just one month away from the meeting of G20 finance ministers and central bank governors, the activities …

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UPDATE 1-After NATO, Biden looks to the EU for renewal of transatlantic relations

* In Brussels, Biden moves to the EU after NATO * Biden could announce truce in Trump-era trade war * Biden will meet the Belgian King, Prime Minister (Redesigns with trade disputes, NATO summit) By John Chalmers and Robin Emmott BRUSSELS, June 15 (Reuters) – US President Joe Biden will …

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APAC pension industry and recent trends in Japan EJINSIGHT

Pension assets in the largest pension markets grew by 11% in 2020, according to Willis Towers Watson’s Global Pensions Assets Study 2021. Asia-Pacific pension funds beat their peers in terms of asset value growth in 2019, according to a report on the Thinking Ahead Institute’s Top 300 Pension Funds in …

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The G-7 unites against tax havens, the Senate unites against China | Business

This week, Madison Business Review contributor Bryce Roth gives a recap of what’s been happening in the business world and the stock markets. A global tax deal, inflation and a Senate law all played a role in pushing markets last week. Source: MarketWatch The S&P 500 and the Nasdaq Composite …

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17th Egyptian-Saudi Joint Committee commits to developing trade cooperation

The 17th Egyptian-Saudi Joint Committee was held in Cairo and chaired by Egyptian Minister of Trade and Industry Nevine Gamea and Saudi Minister of Trade and Investment Majid bin Abdullah Al-Qasabi. Gamea said that she and her Saudi counterpart have signed an agreement that will see joint cooperation between the …

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Tai takes Brussels to talk about prices

With the help of Doug Palmer Editor’s Note: Weekly Trade is a weekly version of POLITICO Pro’s daily trade policy newsletter, Morning Trade. POLITICO Pro is a political intelligence platform that combines the news you need with tools you can use to take action on the biggest stories of the …

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Indonesian Jokowi approves two special economic zones in Batam, Southeast Asia

SINGAPORE – Indonesian President Joko Widodo has officially granted Special Economic Zone (SEZ) status to a technology park and aircraft maintenance facility in Batam to kick-start economic recovery there amid the Covid-19 pandemic. Nongsa Digital Park, located at the high-end northeastern tip of the island, is said to focus on …

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RBI looks at foreign corporate bonds to generate higher yield

The central bank explored new allocations for its foreign currency assets to diversify its portfolio and also sought advice from outside investment experts. The umbrella bank wants external investment managers to deal with some of the inflated foreign exchange reserves, as they did a few years ago. The Reserve Bank …

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CAPITAL IDEAS: Race to the bottom

US Treasury Secretary Janet Yellen speaks at a press conference after attending the G7 Finance Ministers meeting in London on June 5, 2021. Justin Tallis / Pool via REUTERS Ahead of the weekend of June 5-6, 2021, I enjoyed a discussion about a fully vaccinated (literally) water cooler with Nate …

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3mn of Covid-19 vaccines to import into Iran: official

Shanesaz said the reason the vaccines will be imported into the country through free economic zones is that there are restrictions on how to import these vaccines through other routes. He said the process of importing the 3 million doses has already started. Meanwhile, the chief of the FDA added …

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