Rappler's latest stories on globalization
IMF warns cutting spending too soon could derail recovery
(UPDATED) The 'massive fiscal response' to the coronavirus pandemic leads to 'global public debt reaching its highest level in recorded history.' But the International Monetary Fund says the spending shouldn't be stopped too soon.
Global stocks mostly lower as infection numbers rattle investors
The Dow and S&P 500 finish firmly lower on Thursday, July 9. Bourses in London, Paris, and Frankfurt also retreat.
U.N. forecasts even warmer temperatures over next 5 years
In 2020, the Arctic is likely to have warmed by more than twice as much as the global mean
Global stocks mixed while safe haven gold climbs
The eurozone's key indices end down on Wednesday, July 8, but the picture is different in New York
Malnutrition in poorer nations costs firms up to $850 billion – study
Researchers stress that action to tackle malnutrition is in businesses' best interests
Stocks go into reverse as virus fears resurface
European indices slip after a pessimistic growth forecast by the European Commission on Tuesday, July 7. Wall Street stocks also pull back.
Stock markets rally on economy recovery hopes
The easing of lockdowns is providing hope the global economy will bounce back quickly from an expected recession in 2020
Pink ice in Italy's Alps sparks algae probe
'Overheating of the planet is a problem, the last thing we needed was algae,' says tourist Marta Durante
Stocks climb on U.S. jobs recovery, vaccine hope
The tech-dominated Nasdaq ends with another record-high finish, while the Dow gains 0.4% on Thursday, July 2, shrugging off a worsening coronavirus situation
Nasdaq ends at fresh records as European bourses retreat
The Nasdaq rises 1% on Wednesday, July 1, even as the United States confronts a worsening coronavirus outbreak in much of the country
Tourism faces minimum $1.2-trillion hit from virus – U.N.
The world's tourism sector could lose $1.2 trillion due to the coronavirus pandemic – but that's not yet the worst-case scenario
Alliance Global profits down 39% in Q1 2020
The Taal Volcano eruption and the coronavirus pandemic hit Andrew Tan's empire
U.S. stocks gain to finish banner quarter, shrugging off virus spike
The S&P 500 finishes at 3,100.29 on Tuesday, June 30, up 1.5% for the day and around 20% for the quarter, the biggest gain since 1998
Global employment crisis deepening, equivalent of 400 million jobs lost – U.N.
The International Labour Organization also says the coronavirus crisis has hit women harder, threatening decades of progress
European, U.S. stocks rise, shrugging off virus fears
European key markets close more than 1% higher on Monday, June 29, while the Dow leads indices in the United States, finishing up 2.3%
Gay Pride events go online to mark 50th anniversary
The 24-hour online Global Pride event runs with the slogan 'Exist, persist, resist'
U.S. stocks tumble, Europe wavers as coronavirus advances
Major United States indices fall around 2.5% or more on Friday, June 26, to finish the week in the red
Stocks make modest recovery despite virus worries
European markets hold onto their gains until the close, while Wall Street engineers a strong finale to a roller-coaster session on Thursday, June 25
Market 'disconnect' could worsen virus downturn – IMF
'Investors seem to be betting that lasting strong support from central banks will sustain a quick recovery even as economic data point to a deeper-than-expected downturn,' says the International Monetary Fund
Study shows news media still reliable source amid COVID-19 'infodemic'
All sources of information – from media to politicians to social media platforms – should work together to better inform the public about the coronavirus, says the lead author of a Reuters Institute study done in 6 countries
Coronavirus crisis exacerbates globalization worries – IMF economist
International Monetary Fund chief economist Gita Gopinath urges countries to be 'collaborative' amid the global crisis
Stocks slump on virus, trade war concerns
European bourses dive around 3%, while the Dow sheds 2.7% or more than 700 points on Wednesday, June 24
Asian fact-checkers deal with sensitivity, silencing of critics during pandemic
At the conference Global Fact 7, fact-checkers from the region tackle the country-specific challenges they've encountered while fact-checking in the time of coronavirus
Amid grim outlook, IMF says things could get better, or worse
(UPDATED) The International Monetary Fund acknowledges the high levels of uncertainty as the coronavirus pandemic ravages the global economy
Coronavirus sinks global economy in 2020, collapsing GDP 4.9% – IMF
(UPDATED) The International Monetary Fund estimates the coronavirus crisis will destroy $12 trillion over two years, leaving lasting scars on employment, businesses, and trade
Beyond 'false' labels, experts call for broader access to fact-checking tools
Experts urge companies and platforms to provide more support in enabling people to fact-check on their own
Global stocks rise on better economic data as U.S. coronavirus cases rise
The main European markets gain more than 1%, while Wall Street stocks also power higher on Tuesday, June 23
Global trade set to shrink 18.5% in Q2 2020 – WTO
The World Trade Organization expects a 'historically large' fall in trade, but says 'it could have been much worse'
Global stocks mixed as coronavirus cases rise in several countries
European and Asian stocks are down on Monday, June 22, but Wall Street ultimately shrugs off the weakness as New York City moves to a new phase of reopening
Fact checking, free press critical amid pandemic – U.N. communications chief
The deliberate spread of misinformation is putting lives at risk, says United Nations Undersecretary General for Global Communications Melissa Fleming at the opening of the Global Fact 7 conference
Green aviation still has electrifying future despite coronavirus
The drop in air traffic due to coronavirus lockdowns is translating into a reduction in pollution, and the industry doesn't expect to recover fully before 2023
World stocks pull back as virus worries resurface
Global markets are still 'a bit cautious as uncertainty regarding a second wave of COVID-19 continues to simmer, countering recent economic data that has suggested improvement'
Global Fact 7 virtually tackles the state of fact-checking
The fact checking conference will have a free public track from June 22 to June 26, 2020
Service-dependent economies feel coronavirus pain – IMF
Advanced and emerging market economies are seeing a larger impact in services, says International Monetary Fund chief economist Gita Gopinath
Spend more, keep receipts – IMF's Georgieva
International Monetary Fund chief Kristalina Georgieva warns countries not to withdraw stimulus measures 'too quickly'
Virus fears weigh on European, Asian stocks, but Fed boosts Wall Street
A fresh coronavirus outbreak in Beijing comes as investors are already anxious over increased cases in Texas, Florida, and other US states
Stock markets recover some ground after heavy losses
Wall Street stocks finish a topsy-turvy session solidly higher on Friday, June 12, but lower for the week overall
Latin America passes 70,000 deaths as virus slashes global economy
Brazil accounts for almost 40,000 – or more than half – of Latin America's total deaths, registering 1,274 fatalities in the last 24 hours
U.S. stocks end mostly down as Fed keeps interest rates low
Both the Dow and S&P 500 finish lower following a volatile session, while the Nasdaq surges to its 3rd straight record on Wednesday, June 10
Virus to slice at least 6% off world economy – OECD
The Organisation for Economic Co-operation and Development says the global economy could shrink by as much as 7.6% if a second wave of contagion happens later in the year
Elevated extreme poverty to persist until 2021 – World Bank
Extreme poverty is defined as living on $1.90 per day
Stock markets end mostly lower after strong run
Dire corporate and economic news in the eurozone sparks selling in Europe on Tuesday, June 9. The Dow and S&P 500 also retreat.
Wall Street rallies on reopening hopes, Nasdaq hits record
The tech-rich Nasdaq closes more than 100 points over its previous high in February, while the Dow finishes up 1.1% on Monday, June 8
Pandemic drives broadest economic collapse in 150 years – World Bank
(3rd UPDATE) The World Bank sees the global economy shrinking by 5.2% in 2020, with the coronavirus pandemic to drive up to 100 million people into extreme poverty
Stock markets power ahead on surprise U.S. jobs rise
The Dow piles on around 830 points, or 3.2%, to finish at 27,110.98 on Friday, June 5
Funding shortfall hinders pandemic response – World Bank chief
What keeps World Bank President David Malpass up at night? 'Not enough resources,' he says.
Global stocks rise despite protests, U.S.-China tensions
Analysts say markets have historically shrugged off civil disruptions
U.S. stocks sag on China tensions as Europe rises on restarts
Stocks pull back in the United States on Thursday, May 28, as tensions rise between the US and China
Air corridors can kickstart post-virus tourism – U.N. agency
The World Tourism Organization proposes that tourists be allowed to travel between countries at low risk of coronavirus contagion
India wilts as temperature hits 50 degrees Celsius
The hot spell is projected to scorch northern India for several more days, 'with severe heat wave conditions in isolated pockets'
