In 2023, the COVID precipice will be reached; sales to drastically fall
Pharmaceutical companies are now facing a high COVID cliff and shareholder pressure to manage their windfall profits after making billions from the epidemic over the previous two years by selling vaccines and treatments.By 2022, it is anticipated that Western pharmaceutical companies including Pfizer Inc. (PFE.N), and renowned BioNTech SE (22UAy.DE).Also: Moderna Inc. (MRNA.O), Gilead Sciences […]
How 2022 astonished, shook, and rolled the world’s markets
2022 has been arguably the most volatile year for investors ever, and for good reason: it saw trillions of dollars scraped off global markets, bond market meltdowns, whipsawing currency and commodity prices, and the collapse of some few crypto empires.Calculating the final figures is helpful but far from providing the full picture.Yes, global equities seem […]
Australia to make Big tech hand over misinformation data
Australia’s media regulator will be able to force internet companies to share data. This is about how they have handled misinformation and disinformation under new laws that will bolster government efforts to rein in Big Tech. The government said that the Australian Communications and Media Authority (ACMA) will also be able to enforce an internet […]
Irish domestic economy nearing pre-pandemic level
By this year end, the Irish domestic economic activity will reach its pre-coronavirus pandemic level. A stronger than expected surge in consumption will add to inflationary pressure, as per the country’s central bank. The local price pressures are expected to ease towards the latter half of next year, according to the Irish authority. This echoes the […]
EU ministers want EU budget rules to support investment
European Union finance ministers said that changes to EU budget rules is now under review. It should support investment in the post-pandemic economy for allowing a more realistic path in cutting some countries’ public debts. Finance ministers from the 27-nation bloc are starting discussions during a two-day summit in the Slovenian town of Brdo. This summit is about […]
BoE aims for large but lean balance sheet when QE unwinds
The Bank of England is expecting to have a large but leaner balance sheet when it starts to run down its 895-billion-pound asset purchase program. It will take steps to ensure this does not push up short-term rates. Andrew Hauser, the BoE’s executive director for markets, said that the financial markets should not expect the central bank […]
Post pandemic bankruptcies fewer than feared in Euro zone
Corporate bankruptcies in the euro zone have been fewer than feared in April. Noting the euro zone would now shift to more targeted support for firms, the officials of eurozone said that. Euro zone ministers were preparing to make more similar insolvency laws across the 19-nation bloc. This is to better prepare for a wave […]
Zloty set to pace FX gains
The zloty has further space to climb, even after a rally. As chances grow that Poland’s central bank will begin lifting interest rates sooner rather than later, this was reported by the media. The Polish currency is lagged peers in central Europe in 2021. Meanwhile, the Hungarian forint and Czech crown are leading. This is […]
Sri Lanka becomes first in Asia to tighten policy in pandemic era
The Central Bank of Sri Lanka (CBSL) became the first in Asia, to raise interest rates since the pandemic began. The central bank increased the standing deposit facility rate and the standing lending facility rate by 50 basis points each to 5% and 6%, respectively. It also increased the statutory reserve ratio by 200 basis points to 4% with […]
Collaboration software evolves for the remote work era
The pandemic has forced businesses around the world to adapt the way they work and embrace the benefits of a hybrid or complete remote working model. According to the World Economic Forum, since the pandemic, 84% of employers plan to rapidly digitalize working processes. There is a gradual shift towards hybrid working practices, over a decade. […]