PORT MORESBY,17 FEBRUARY 2020 (POST COURIER) — Former Papua New Guinea prime minister Peter O’Neill has predicted an unemployment crisis to hit the national economy in the next 10 months due to the escalating coronavirus threat. He said China as the engine room of the world economy is shutting down and that will mean dependent […]
Tag: economy
Posted inWorld News
France warns of dent to world economy from virus outbreak
PARIS (AP) — France’s government calculates that the deadly virus outbreak in China will shave at least 1 percentage point off the growth this year of the world’s second-largest economy, hurting global economic growth too. The French economy minister, Bruno Le Maire, told broadcaster BFM-TV that the impact on global growth will be greater this […]
Posted inWorld News
Asian markets mostly higher on optimism about US-China deal
TOKYO — Asian shares were mostly higher on optimism about a U.S.-China trade deal as regional markets opened the new year’s first day of trading Thursday. Australia’s S&P ASX 200 gained 0.3% in morning trading to 6,704.00, while South Korea’s Kospi lost 0.8% to 2,179.25. Hong Kong’s Hang Seng jumped 1.2% to 28,516.99, while the […]
Posted inWorld News
Taipei ranked world’s best city for expat life
Berlin, Dec. 4 (CNA) Taipei has been ranked among 82 cities around the world as the best place to live and work for expatriates in 2019, according to the results of a survey published this week by the expat networking website InterNations. The latest Expat City Ranking by the Munich-based company polled more than 20,000 […]
Posted inTop Stories
State governments received $1.8 million from PPEF, $15.4 million PPEF collected in 2 years
The 16 state governments received over $1.8 million out of the $15.4 collected from the Pristine Paradise Environmental Fee (PPEF) in the last 2 years, from January 2018 to September 2019. Report from the Ministry of Finance showed that $15,453,000.00 million dollars was collected as PPEF fee from January 2018 to September 2019. Of that […]
Posted inOpinion
Global economy: ‘we must do everything possible’ to avoid global ‘fracture’ caused by U.S-China tensions, urges Guterres
WASHINGTON, 21 OCTOBER 2019 (UN NEWS CENTRE) — Tensions around global trade and technology continue to rise and the international community needs to “do everything possible” to prevent the world being split into two competing spheres, led by the United States and China. That was the message from UN Secretary-General António Guterres on Saturday, speaking […]