globalization - updates

Rappler's latest stories on globalization

ARTICLE FINDER

IMF warns cutting spending too soon could derail recovery

Jul 10, 2020 - 11:40 PM

(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.

REFUGEES. Two boys play with a kite near the refugee camp of Moria in the island of Lesbos, Greece, on June 21, 2020. Photo by Aris Messinis/AFP

Global stocks mostly lower as infection numbers rattle investors

Jul 10, 2020 - 7:30 AM

The Dow and S&P 500 finish firmly lower on Thursday, July 9. Bourses in London, Paris, and Frankfurt also retreat.

U.S. ECONOMY. An American flag hangs from a building in the Financial District of Manhattan in New York City on September 3, 2019. File photo by Spencer Platt/Getty Images/AFP

U.N. forecasts even warmer temperatures over next 5 years

Jul 09, 2020 - 9:50 AM

In 2020, the Arctic is likely to have warmed by more than twice as much as the global mean

Students take part in a march for the environment and the climate organised by students, in Brussels, on February 21, 2019. (Photo by EMMANUEL DUNAND / AFP)

Global stocks mixed while safe haven gold climbs

Jul 09, 2020 - 9:40 AM

The eurozone's key indices end down on Wednesday, July 8, but the picture is different in New York

TRADING. The United States flag is seen at the New York Stock Exchange in New York City on April 30, 2020. Photo by Johannes Eisele/AFP

Malnutrition in poorer nations costs firms up to $850 billion – study

Jul 08, 2020 - 1:30 PM

Researchers stress that action to tackle malnutrition is in businesses' best interests

The father of Salwa Ibrahim, a five-year-old girl suffering from acute malnutrition and weighing three kilograms, holds her at the entrance of their impoverished house in Yemen's northern Hajjah province on June 23, 2020. - The country's health system has all but collapsed since war broke out between the government and Huthi rebels in 2014, and more than two thirds of the population of about 24 million need aid to survive, according to the United Nations. (Photo by ESSA AHMED / AFP)

Stocks go into reverse as virus fears resurface

Jul 08, 2020 - 9:35 AM

European indices slip after a pessimistic growth forecast by the European Commission on Tuesday, July 7. Wall Street stocks also pull back.

WALL STREET. A view of the New York Stock Exchange is seen on Wall Street in New York City on March 23, 2020. File photo by Angela Weiss/AFP

Stock markets rally on economy recovery hopes

Jul 07, 2020 - 8:00 AM

The easing of lockdowns is providing hope the global economy will bounce back quickly from an expected recession in 2020

TRADING. A view of the New York Stock Exchange is seen on Wall Street in New York City on March 23, 2020. Photo by Angela Weiss/AFP

Pink ice in Italy's Alps sparks algae probe

Jul 06, 2020 - 10:26 AM

'Overheating of the planet is a problem, the last thing we needed was algae,' says tourist Marta Durante

PINK. An aerial picture taken on July 3, 2020 above the Gavia pass (Passo di Gavia, shows pink colored snow, supposedly due to the presence of colonies of algae of the species Ancylonela nordenskioeldii from Greenland. Photo by Miguel Medina/AFP

Stocks climb on U.S. jobs recovery, vaccine hope

Jul 03, 2020 - 9:25 AM

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

People walk near the The New York Stock Exchange (NYSE) on Wall Street on June 29, 2020 in New York City. - Stock markets on both sides of the Atlantic struggled Monday to rebound from last week's losses as optimism over easing lockdowns was torpedoed by fear over surging coronavirus infections. (Photo by Angela Weiss / AFP)

Nasdaq ends at fresh records as European bourses retreat

Jul 02, 2020 - 9:00 AM

The Nasdaq rises 1% on Wednesday, July 1, even as the United States confronts a worsening coronavirus outbreak in much of the country

A view of the New York Stock Exchange (NYSE) is seen at Wall Street on June 29, 2020 in New York City. - Stock markets on both sides of the Atlantic struggled Monday to rebound from last week's losses as optimism over easing lockdowns was torpedoed by fear over surging coronavirus infections. (Photo by Angela Weiss / AFP)

Tourism faces minimum $1.2-trillion hit from virus – U.N.

Jul 01, 2020 - 11:55 PM

The world's tourism sector could lose $1.2 trillion due to the coronavirus pandemic – but that's not yet the worst-case scenario

HOLIDAY ISLAND. An aerial view shows the Akamas Peninsula along the western coast of Cyprus on May 31, 2020. Photo by Etienne Torbey/AFP

Alliance Global profits down 39% in Q1 2020

Jul 01, 2020 - 10:15 AM

The Taal Volcano eruption and the coronavirus pandemic hit Andrew Tan's empire

EARNINGS. Kevin and Andrew Tan. Photo from Alliance Global Group

U.S. stocks gain to finish banner quarter, shrugging off virus spike

Jul 01, 2020 - 8:20 AM

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

WALL STREET. A person walks down Wall Street in New York City on April 2, 2020. Photo by Spencer Platt/Getty Images/AFP

Global employment crisis deepening, equivalent of 400 million jobs lost – U.N.

Jun 30, 2020 - 11:50 PM

The International Labour Organization also says the coronavirus crisis has hit women harder, threatening decades of progress

In this picture taken on June 9, 2020, Accredited Social Health Activist (ASHA) workers (2L to R) Nirmala, Alka and Meenkashi talk to a woman during a door-to-door survey to check on residents after the government eased a nationwide lockdown imposed as a preventive measure against the COVID-19 coronavirus, in Bahadarpur village in Meerut district. - Unprotected and poorly paid, an all-women army of health workers confront suspicion, anger and the threat of infection as they go door to door searching for coronavirus sufferers in India's poor communities. (Photo by XAVIER GALIANA / AFP) / TO GO WITH 'India-health-virus-social',FOCUS by Aishwarya KUMAR

European, U.S. stocks rise, shrugging off virus fears

Jun 30, 2020 - 9:00 AM

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%

WALL STREET. The statue of the charging bull is pictured in New York City on April 20, 2020. Photo by Johannes Eisele/AFP

Gay Pride events go online to mark 50th anniversary

Jun 28, 2020 - 4:01 PM

The 24-hour online Global Pride event runs with the slogan 'Exist, persist, resist'

'WE'RE ALL HUMAN.' View of digital billboards at Times Square on June 26, 2020 in New York City. Due to the ongoing coronavirus pandemic, this year's pride march had to be canceled over health concerns. Photo by Angela Weiss/AFP

U.S. stocks tumble, Europe wavers as coronavirus advances

Jun 27, 2020 - 8:45 AM

Major United States indices fall around 2.5% or more on Friday, June 26, to finish the week in the red

'TOGETHER, WE'RE STRONG.' The New York Stock Exchange is pictured at Wall Street in New York City on May 26, 2020. Photo by Johannes Eisele/AFP

Stocks make modest recovery despite virus worries

Jun 26, 2020 - 8:30 AM

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

STOCK EXCHANGE. The Fearless Girl statue stands in front of the New York Stock Exchange near Wall Street in New York City on March 23, 2020. Photo by Angela Weiss/AFP

Market 'disconnect' could worsen virus downturn – IMF

Jun 25, 2020 - 11:25 PM

'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

JAPAN STOCKS. Pedestrians walk past an electronic quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo on June 15, 2020. Photo by Kazuhiro Nogi/AFP

Study shows news media still reliable source amid COVID-19 'infodemic'

Jun 25, 2020 - 10:41 PM

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

LESSONS FROM 'INFODEMIC.' Reuters Institute for the Study of Journalism director Rasmus Kleis Nielsen speaks about the lessons from the coronavirus 'infodemic' at the Global Fact 7 on June 24, 2020. Screenshot from Global Fact 7 video

Coronavirus crisis exacerbates globalization worries – IMF economist

Jun 25, 2020 - 11:00 AM

International Monetary Fund chief economist Gita Gopinath urges countries to be 'collaborative' amid the global crisis

Shoppers wear walk outside a shopping mall in Kuala Lumpur on May 28, 2020, as sectors of the economy are being reopened following restrictions to halt the spread of the COVID-19 coronavirus. (Photo by Mohd RASFAN / AFP)

Stocks slump on virus, trade war concerns

Jun 25, 2020 - 8:40 AM

European bourses dive around 3%, while the Dow sheds 2.7% or more than 700 points on Wednesday, June 24

TRADING. The Wall Street street sign is seen in New York City on March 23, 2020. File photo by Angela Weiss/AFP

Asian fact-checkers deal with sensitivity, silencing of critics during pandemic

Jun 25, 2020 - 8:16 AM

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

Jun 24, 2020 - 10:20 PM

(UPDATED) The International Monetary Fund acknowledges the high levels of uncertainty as the coronavirus pandemic ravages the global economy

Children sell facemasks on a street after the government eased a nationwide lockdown imposed as a preventive measure against the COVID-19 coronavirus, in Rawalpindi on May 16, 2020. (Photo by Farooq NAEEM / AFP)

Coronavirus sinks global economy in 2020, collapsing GDP 4.9% – IMF

Jun 24, 2020 - 10:00 PM

(UPDATED) The International Monetary Fund estimates the coronavirus crisis will destroy $12 trillion over two years, leaving lasting scars on employment, businesses, and trade

An employee clears a tray at a food court in The Shoppes at Marina Bay Sands shopping mall in Singapore on June 19, 2020 as retail shops reopen in Singapore following the further easing of restrictions that were in place due to the COVID-19 novel coronavirus. (Photo by Roslan RAHMAN / AFP)

Beyond 'false' labels, experts call for broader access to fact-checking tools

Jun 24, 2020 - 7:34 PM

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

Jun 24, 2020 - 8:00 AM

The main European markets gain more than 1%, while Wall Street stocks also power higher on Tuesday, June 23

TRADING. The United States flag is seen at the New York Stock Exchange in New York City on April 30, 2020. Photo by Johannes Eisele/AFP

Global trade set to shrink 18.5% in Q2 2020 – WTO

Jun 23, 2020 - 6:50 PM

The World Trade Organization expects a 'historically large' fall in trade, but says 'it could have been much worse'

SHIPMENTS. Containers are seen at the international cargo terminal at the port of Tokyo in Japan on March 18, 2020. Photo by Kazuhiro Nogi/AFP

Global stocks mixed as coronavirus cases rise in several countries

Jun 23, 2020 - 8:30 AM

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

WALL STREET. A woman walks past the New York Stock Exchange in New York City on March 19, 2020. Photo by Johannes Eisele/AFP

Fact checking, free press critical amid pandemic – U.N. communications chief

Jun 23, 2020 - 12:23 AM

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

Jun 19, 2020 - 9:50 PM

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

A handout computer generated image released by electric aircraft start-up Zunum Aero on April 4, 2018 shows a Zunum Aero's hybrid-electric regional aircraft flying. Zunum Aero, a start-up partly financed by US aeronautics group Boeing, works to bring a hybrid plane to the market by 2022. / AFP PHOTO / ZUNUM AERO / - / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / ZUNUM AERO" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

World stocks pull back as virus worries resurface

Jun 19, 2020 - 7:00 AM

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'

WALL STREET. A view of the New York Stock Exchange is seen on Wall Street in New York City on March 23, 2020. File photo by Angela Weiss/AFP

Global Fact 7 virtually tackles the state of fact-checking

Jun 18, 2020 - 6:48 PM

The fact checking conference will have a free public track from June 22 to June 26, 2020

Service-dependent economies feel coronavirus pain – IMF

Jun 16, 2020 - 10:35 PM

Advanced and emerging market economies are seeing a larger impact in services, says International Monetary Fund chief economist Gita Gopinath

REOPENING. A staff member wearing a face mask works at the welcome desk of a hotel in central Athens on June 1, 2020, as Greece eases coronavirus measures. Photo by Louisa Gouliamaki/AFP

Spend more, keep receipts – IMF's Georgieva

Jun 16, 2020 - 12:30 PM

International Monetary Fund chief Kristalina Georgieva warns countries not to withdraw stimulus measures 'too quickly'

IMF. In this file photo taken on September 4, 2018, the logo of the International Monetary Fund is seen at the IMF headquarters in Washington, DC. Photo by Jim Watson/AFP

Virus fears weigh on European, Asian stocks, but Fed boosts Wall Street

Jun 16, 2020 - 7:50 AM

A fresh coronavirus outbreak in Beijing comes as investors are already anxious over increased cases in Texas, Florida, and other US states

Pedestrians walk past an electronic quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo on June 15, 2020. - Tokyo's benchmark Nikkei index dropped more than 3.4 percent on June 15 over fears of rising coronavirus infections in the US and a new outbreak in China. (Photo by Kazuhiro NOGI / AFP) / “The erroneous mention[s] appearing in the metadata of this photo by Kazuhiro NOGI has been modified in AFP systems in the following manner: [June 15] instead of [June 16]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.”

Stock markets recover some ground after heavy losses

Jun 13, 2020 - 8:30 AM

Wall Street stocks finish a topsy-turvy session solidly higher on Friday, June 12, but lower for the week overall

TRADING. A view of the New York Stock Exchange is seen on Wall Street in New York City on March 23, 2020. Photo by Angela Weiss/AFP

Latin America passes 70,000 deaths as virus slashes global economy

Jun 11, 2020 - 9:04 AM

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

Brazilian health workers protest against working conditions and wage delays in front of the Ministry of Health in Brasilia, on May 21, 2020, amid the COVID-19 corovavirus pandemic. - Brazilian opposition parties filed an impeachment request against Bolsonaro at the Lower House. (Photo by EVARISTO SA / AFP)

U.S. stocks end mostly down as Fed keeps interest rates low

Jun 11, 2020 - 8:50 AM

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

U.S. ECONOMY. An American flag hangs from a building in the Financial District of Manhattan in New York City on September 3, 2019. File photo by Spencer Platt/Getty Images/AFP

Virus to slice at least 6% off world economy – OECD

Jun 10, 2020 - 11:45 PM

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

CORONAVIRUS TESTING. Sample testing devices are checked on a production line as they are prepared to be included in testing kits for shipment at SD Biosensor near Cheongju, South Korea, on March 27, 2020. Photo by Ed Jones/AFP

Elevated extreme poverty to persist until 2021 – World Bank

Jun 10, 2020 - 10:30 AM

Extreme poverty is defined as living on $1.90 per day

Poor and homeless people eat plates of 'khichdi' (Indian dish made from rice and lentils) distributed by volunteers on a street in Ahmedabad on May 30, 2020. (Photo by SAM PANTHAKY / AFP)

Stock markets end mostly lower after strong run

Jun 10, 2020 - 7:00 AM

Dire corporate and economic news in the eurozone sparks selling in Europe on Tuesday, June 9. The Dow and S&P 500 also retreat.

TRADING. A view of the New York Stock Exchange is seen on Wall Street in New York City on March 23, 2020. Photo by Angela Weiss/AFP

Wall Street rallies on reopening hopes, Nasdaq hits record

Jun 09, 2020 - 7:25 AM

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

WALL STREET. The statue of the charging bull is pictured in New York City on April 20, 2020. Photo by Johannes Eisele/AFP

Pandemic drives broadest economic collapse in 150 years – World Bank

Jun 08, 2020 - 11:25 PM

(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

Robert King Geiser, 35 years-old, after 2 years living on the street, stands outside his tent next to the 110 Freeway, during the novel Coronavirus, COVID-19, pandemic in Los Angeles California on May 25, 2020. - On May 22, 2020 a federal judge issued a preliminary order requiring that homeless people living under Los Angeles freeway overpasses and underpasses, be relocated for health and safety reasons. (Photo by Apu GOMES / AFP)

Stock markets power ahead on surprise U.S. jobs rise

Jun 06, 2020 - 7:25 AM

The Dow piles on around 830 points, or 3.2%, to finish at 27,110.98 on Friday, June 5

STOCK EXCHANGE. The Fearless Girl statue stands in front of the New York Stock Exchange near Wall Street in New York City on March 23, 2020. Photo by Angela Weiss/AFP

Funding shortfall hinders pandemic response – World Bank chief

Jun 02, 2020 - 10:15 PM

What keeps World Bank President David Malpass up at night? 'Not enough resources,' he says.

LOCKDOWN. A young boy sells face masks beside a closed shop during a nationwide lockdown in Lahore, Pakistan, on April 6, 2020. Photo by Arif Ali/AFP

Global stocks rise despite protests, U.S.-China tensions

Jun 02, 2020 - 7:00 AM

Analysts say markets have historically shrugged off civil disruptions

TRADING. The Wall Street street sign is seen in New York City on March 23, 2020. File photo by Angela Weiss/AFP

U.S. stocks sag on China tensions as Europe rises on restarts

May 29, 2020 - 7:30 AM

Stocks pull back in the United States on Thursday, May 28, as tensions rise between the US and China

WALL STREET. A woman walks past the New York Stock Exchange in New York City on March 19, 2020. Photo by Johannes Eisele/AFP

Air corridors can kickstart post-virus tourism – U.N. agency

May 28, 2020 - 7:00 AM

The World Tourism Organization proposes that tourists be allowed to travel between countries at low risk of coronavirus contagion

GLOOMY. This aerial picture taken on March 19, 2020, shows closed cafes and restaurants in the center of Tbilisi, Georgia. Photo by Vano Shlamov/AFP

India wilts as temperature hits 50 degrees Celsius

May 27, 2020 - 7:42 PM

The hot spell is projected to scorch northern India for several more days, 'with severe heat wave conditions in isolated pockets'

UNDER THE SHADE. People sit under the shade of a tree amid rising temperatures in New Delhi on May 26, 2020. Photo by Money Sharma/AFP