Tag Archives: global

U.S. stock plunge sparks global sell-off

U.S. stock plunge sparks global sell-off

US stocks suffered their worst falls in more than six years on Monday in a sell-off sparked by concerns of higher interest rates. The Dow Jones Industrial Average index tumbled 1,175 points, or 4.6% to close down at 24,345.75. The White House moved to reassure investors saying it was focused on “long-term economic fundamentals, which remain exceptionally strong”. Signs of ...

Read More »

Global oil glut set to continue despite efforts to prop up price

The world’s oil glut is likely to persist next year in a blow to efforts by major producers to shore up the oil price by cutting output, according to a leading energy authority. Growth in oil supply will outstrip growth in demand during 2018, driven by increasing production from US shale and other countries outside Opec, the International Energy Agency ...

Read More »
OECD, outlook, global, economy

OECD: outlook for global economy is ‘better, but not good enough’

Rising inflation and weak wage growth will leave Britain rooted to the bottom of the league table for living standards among the west’s richest countries in 2018, the Organisation for Economic Co-operation and Development has warned. In the last piece of economic news before the general election, the Paris-based thinktank said the next government would spend the first 18 months ...

Read More »
Five key, global, tests, president

Five key global tests for the new president

Picture the scene. A US Air Force F-16 Falcon has come down over Syria. The pilot is being held by Islamic State which threatens to behead him. Video shows the pilot being tortured in a cage, while the terrorists taunt new US president, Donald Trump. The pilot’s family plead for the White House to save him. The drama is dominating ...

Read More »
US, host, global, threats, transition, president

US faces host of global threats during transition until next president

Sharks are circling as the US prepares to vote, on the lookout for signs of American weakness and indecision around the world during the months-long transition period until the next president is firmly established in the White House. Call it a window of vulnerability. No matter whether Hillary Clinton or Donald Trump wins on Tuesday, Barack Obama bequeaths a world ...

Read More »
Obama, nuclear, madmen, threaten, global, security

Obama at nuclear summit: ‘madmen’ threaten global security

Barack Obama used his final nuclear security summit on Friday to deliver the stark warning that “madmen” could kill and injure hundreds of thousands of innocent people using only plutonium the size of an apple. “The danger of a terrorist group obtaining and using a nuclear weapon is one of the greatest threats to global security,” said Obama, convening the ...

Read More »
Zika, Virus, Global, Health, Emergency

Zika Virus a Global Health Emergency, W.H.O. Says

The World Health Organization declared the Zika virus and its suspected link to birth defects an international public health emergency on Monday, a rare move that signals the seriousness of the outbreak and gives countries new tools to fight it. An outbreak of the Zika virus, which is transmitted by mosquitoes, was detected in Brazil in May and has since ...

Read More »
Global, markets, tumultuous, month, high

Global markets end tumultuous month on a high

Global markets have ended a difficult month on a stronger note after the Bank of Japan stepped in to boost its economy with negative interest rates. However, weak economic growth figures in the US underscored the scale of a global slowdown that has rattled investors. Policymakers at Japan’s central bank stunned markets with a narrow vote to impose a 0.1% ...

Read More »
Global, oil, glut, US, stock, markets

Global oil glut sends US stock markets plummeting

US stock markets fell once more Monday as a renewed slump in oil prices, anxiety over global economic growth and central bank policies all but wiped out last week’s brief recovery. The Dow Jones Industrial Average lost more than 200 points, or 1.3%, and the S&P 500 and tech-heavy Nasdaq both fell over 1.5%. European markets had already finished the ...

Read More »
Ted Cruz, denial, global, warming, during

Ted Cruz expresses ‘full out denial’ of global warming during forum

Republican presidential candidate Ted Cruz has stated that he doesn’t believe in the science behind global warming. In a forum hosted by Freedom Partners on Sunday evening, a key cog in the political network of the Koch Brothers, the Texas senator stated that “the data and facts don’t support” that global warming is occurring. The moderator of the forum described ...

Read More »