Health-care spending is rising around the world, but the U.S. is the worst performer. The United States accounts for more than 40% of all global health spending. Health-care spending made up 5% of tot...
Tag: World economy
China’s trade with Russia won’t offset sanctions, U.S. says
Russia’s Deputy Prime Ministers Yuri Trutnev, Tatyana Golikova, Andrei Belousov, Alexander Novak and Dmitry Chernyshenkosign joint documents following a video conference call between Prime Minis...
Poland, neighbors ready for influx of migrants
People evacuated from the self-proclaimed Donetsk People’s Republic walk toward the Russian Emergency Ministry camp in the village of Veselo-Voznesenka on the Azov Sea coast, on February 19, 202...
Olaf Scholz says West must keep Russia guessing on sanctions
German Chancellor Olaf Scholz on Saturday rejected calls from Ukraine’s president to sanction Russia now, saying that Moscow should not be sure “exactly” how the West will respond to...
Covid risks have reduced but another pandemic will come
Bill Gates said Friday that the risks of severe disease from Covid-19 have “dramatically reduced” but another pandemic is all but certain. Speaking to CNBC’s Hadley Gamble at Germany...
Bank of England’s Bailey faces backlash after discouraging pay rises
Andrew Bailey, governor of the Bank of England, speaks at a press conference on the Monetary Policy Report at the Bank of England on Feb. 3, 2022 in London, England. Dan Kitwood | Getty Images News | ...
Middle East’s growing popularity for winter sports
A skier performs a jump during a contest as part of the “DXB Snow Week” at the Ski Dubai indoor resort. KARIM SAHIB | AFP | Getty Images DUBAI, United Arab Emirates — Skiing in the desert ...
China’s zero-Covid policy ‘won’t work’ with omicron: Epidemiologist
China’s strict zero-Covid approach won’t be able to limit the spread of the highly infectious omicron variant, according to a U.S. epidemiologist. Beijing may not be able to use the same &...
Why do some people get Covid while others don’t?
A man with her protective face mask walks in Vellaces neighborhood after new restrictions came into force as Spain sees record daily coronavirus (Covid-19) cases, in Madrid, Spain on September 21, 202...
IMF sees potential for further market turbulence as central banks hike rates
The International Monetary Fund has warned of further turbulence ahead for financial markets, particularly as governments around the world shift gears into recovery mode. Central banks’ moves to...
IMF cuts global growth outlook for 2022, US and China recovery wanes
The seal for the International Monetary Fund is seen near the World Bank headquarters (R) in Washington, DC on January 10, 2022. Stefani Reynolds | AFP | Getty Images The International Monetary Fund h...
Central banks asleep at the wheel as inflation spirals, Brazils Guedes
Brazil’s economic minister warned Friday that Western central bankers are “sleeping at the driving wheel” as economies slip deeper into a high inflation environment. Speaking to CNBC...
China’s zero-Covid policy a burden to domestic and global economy
The International Monetary Fund’s managing director said Friday that China’s zero-Covid policy is increasingly looking like a “burden,” which is impinging economic recovery bot...
ECB’s Lagarde and IMF’s Georgieva discuss the global economic outlook
[The stream is slated to start at 7:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] The Covid-19 pandemic sent the global economy into one of its worst recessions e...
Pacific Islands’ zero-Covid strategies unsustainable, professor says
People wearing face masks at a supermarket in Suva, Fiji, April 23, 2021. Xinhua News Agency | Getty Images Countries all over the world have seen Covid-19 cases surge since the emergence of the highl...
Bill Gates, John Kerry call for ‘urgent’ private sector climate action
Bill Gates speaks during the Global Investment Summit at the Science Museum on October 19, 2021 in London, England. Leon Neal | Getty Images News | Getty Images Bill Gates has stressed the urgent need...
England looks to ease Covid rules while Europe is engulfed by omicron
Senior doctor Thomas Marx puts on his personal protective gear before he enters the room of a patient with Covid-19 in an intensive care unit at a hospital in Freising, southern Germany. LENNART PREIS...
Covid could be turning kids into ‘fussy eaters’ due to loss of smell
A child wears a KN95 protective mask for kids arranged in Hastings-on-Hudson, New York, U.S., on Thursday, Jan. 13, 2022. Tiffany Hagler-Geard | Bloomberg | Getty Images Children who have recovered fr...
It’s an ‘open question’ whether omicron spells Covid endgame
Dr. Anthony Fauci, White House Chief Medical Advisor and Director of the NIAID, responds to questions from Sen. Rand Paul (R-KY) at a Senate Health, Education, Labor, and Pensions Committee hearing on...
China’s zero-Covid policy prolongs supply chain disruptions
Supply chain disruptions are being prolonged driven largely by China’s strict zero-Covid policy, according to an economist from Moody’s Analytics. The bottlenecks have lasted for about a y...
Should we treat Covid like the flu? Europe is starting to think so
People walk in Regent Street, in London. SOPA Images | LightRocket | Getty Images LONDON — There are growing calls in Europe for Covid-19 to be treated as an endemic illness like the flu despite stron...
‘Deltacron’ variant prompts doubts among experts as possible lab error
Covid lab technicians in India on Friday Jan. 7, 2022. Bloomberg | Bloomberg | Getty Images Global health experts are casting doubts over reports of a new possible Covid-19 mutation that appeared to b...