Mondial economy

OECD cuts global growth forecast on war in Ukraine and China’s zero Covid policy

The OECD estimates that global gross domestic product [or GDP] will reach 3% in 2022 – a deterioration of 1.5 percentage points compared to a projection made in December. Nurphoto | Nurphoto | Getty Images The Organization for Economic Co-operation and Development has become the latest international body to lower its forecast for global growth …

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TerraUSD collapse will ‘probably be the end’ of most algorithmic stablecoins, crypto executive says

Luna, the sister cryptocurrency to controversial stablecoin TerraUSD, has fallen to $0. The collapse of algorithmic stablecoin TerraUSD has raised questions about the future survival of similar crypto assets. Dan Kitwood | Getty Images News | Getty Images Algorithmic stablecoins like terraUSDwhich collapsed and sent shockwaves through the cryptocurrency market, is unlikely to survive, the …

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Self-driving automakers’ first step to making money isn’t robotaxis

A WeRide robotaxi with medical supplies heads towards Liwan District on June 4, 2021, in southern China’s Guangzhou city. Daily of the Southern Metropolis | Visual Group China | Getty Images BEIJING — While governments may be wary of driverless cars, people want to buy the technology and companies want to cash in. It’s a …

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China faces a financing gap of nearly $1 trillion. He will need more debt to fill it.

In the first four months of the year, investments in real estate development fell by 2.7% compared to a year ago. Pictured is a project in Qingzhou, Shandong province on May 15, 2022. CFOTO | Edition of the future | Getty Images BEIJING — The Chinese government is facing a growing cash crunch, analysts say, …

China faces a financing gap of nearly $1 trillion. He will need more debt to fill it. Read More »

China faces a financing gap of nearly $1 trillion. He will need more debt to fill it.

In the first four months of the year, investments in real estate development fell by 2.7% compared to a year ago. Pictured is a project in Qingzhou, Shandong province on May 15, 2022. CFOTO | Edition of the future | Getty Images BEIJING — The Chinese government is facing a growing cash crunch, analysts say, …

China faces a financing gap of nearly $1 trillion. He will need more debt to fill it. Read More »