A failure to distribute the Covid-19 vaccine in poor nations will worsen economic damage, with half the costs borne by wealthy countries, new research shows.
Tag: Economic Conditions and Trends
China Expands Grad Schools as the Young Seek Jobs
The government is expanding university capacity, but some young people worry that the option will only postpone a crisis stemming from a shortage of well-paying work.
Most Major Economies Are Shrinking. Not China’s.
The Chinese economy grew 2.3 percent last year, the country’s National Bureau of Statistics announced on Monday in Beijing.
Cuba, Though Angered by Terror Designation, Is Looking Past Trump
The U.S. decision was made in “the death throes of a failed and corrupt administration,” Cuba’s president said. For Cubans, the change in administrations in Washington can’t come soon enough.
Will the Sudden E.U.-China Deal Damage Relations With Biden?
Pushed by German Chancellor Merkel of Germany near the end of her tenure, the trade deal may complicate agreement on an effective trans-Atlantic policy toward China.
North Korea Party Congress Opens With Kim Jong-un Admitting Failures
Mr. Kim convened the first Workers’ Party Congress in five years to revamp his policies as North Korea’s economic troubles deepened amid international sanctions and the pandemic.
As Birthrate Falls, South Korea’s Population Declines, Posing Threat to Economy
For the first time on record, the number of newborns in South Korea last year fell below the number of deaths, underscoring a long-term crisis in one of the world’s most important economies.
Iraq, Struggling to Pay Debts and Salaries, Plunges Into Economic Crisis
Oil-rich Iraq, its economy hobbled by neglect and corruption, has devalued its currency and had its imported electricity cut off for nonpayment.
China and E.U. Leaders Strike Investment Deal, but Political Hurdles Await
The agreement, which would roll back restrictions on investment, faces some opposition in Europe and objections from the Biden camp.
U.K. Parliament Approves Post-Brexit Trade Deal
After the House of Commons overwhelmingly endorsed the 1,200-page agreement, the House of Lords also voted in favor of British ratification.