Caterpillar Inc warned of a fall in third-quarter sales and margins on Tuesday as dealer inventories rose again, stoking worries that demand for its heavy machinery used in everything from construction to mining may have peaked. Cost controls and price increases have protected profits amid persistent supply-chain disruptions and inflationary pressures, but analysts have flagged that […]
Natural disasters can shape global financial investment. This column employs a dataset that spans 2009-2019 to study the effect of extreme natural events on global financial flows. The authors find that when disasters strike, investors reduce their net flows to mutual funds exposed to affected countries only if the latter are emerging economies at higher […]
Aquaculture – the farming of aquatic animals and plants – is considered a resource-use efficient way for providing relatively low-cost protein to humans and key among climate smart, resource efficient food production systems. The new AquaInvest Platform at the World Bank complements efforts elsewhere to boost food and nutritional security. The Platform emphasizes that aquaculture should be […]
Five years ago, in 2018, the World Bank published its first World Development Report (WDR) on Education, Learning to Realize Education’s Promise. At its core was the belief that across the world, education was in crisis. The strides that many countries had made in improving access to schooling for millions of children were not translating into […]
Recent tensions between the US and China, the Covid-19 pandemic, and the Russia-Ukraine war have put pressure on trade integration efforts. This column estimates that fragmentation into three trade blocs – a Western, an Eastern, and a Neutral bloc – would have important effects on trade between them, reducing trade flows by 22–57% in the […]
The U.S. Securities and Exchange Commission had asked Coinbase to stop trading in all cryptocurrencies except bitcoin before suing the cryptocurrency platform in June, the Financial Times reported on Monday, citing CEO Brian Armstrong. “We really didn’t have a choice at that point. Delisting every asset other than bitcoin, which by the way is not what […]
U.S. automaker Tesla is set to cut prices on multiple variants of its Model 3 and Model Y vehicles in Hong Kong from Aug. 4, Hong Kong Economic Times reported on Monday. The discounts would range from 6% to 11.9%, according to the report. Source : Reuters
A giant, glowing X marks the San Francisco spot where Elon Musk says he plans to keep his company, the messaging platform X, formerly known as Twitter. But city officials and some residents are unhappy with the display. On Friday, the company erected an “X” logo on the roof of its Market Street headquarters, to […]
Manchester United signed a 900 million pound ($1.1 billion) deal with Adidas on Monday, renewing the English soccer club’s partnership with its official kit supplier for 10 more years. Manchester United, whose U.S. owners have been considering selling the Premier League club, will return to the lucrative UEFA Champions League this year after securing a top-four finish in the […]
Rapid socioeconomic development and population growth are escalating groundwater overexploitation, creating a potential crisis in Asia and the Pacific. Demand for groundwater has increased steadily in Asia and the Pacific in recent decades, driven by rapid socioeconomic development and population growth. Bangladesh, India, Indonesia, Iran, Pakistan, the People’s Republic of China, and Türkiye today account […]
