China 2Q GDP growth slows to 0.4% after covid lockdowns

China 2Q GDP growth slows to 0.4% after covid lockdowns

Comment on this story Comment FUZHOU, China — China reported a grim second-quarter economic performance on Friday, adding to concerns about the prospect of a global recession, after coronavirus lockdowns in major cities hobbled trade and daily life. The world’s second-largest economy grew 0.4 percent in the three months ending in June compared with a

Economic anxiety is replacing Covid fears. How to cope with recession talk and stock market drops.

Economic anxiety is replacing Covid fears. How to cope with recession talk and stock market drops.

We waited for vaccines, for boosters and for lockdowns to be lifted. Major life events were postponed or — worse — missed. But the hope was that life would resume on the other side of the pandemic and we would make up for lost time. Those fortunate enough to weather the pandemic with their savings

How has the Covid pandemic affected the Fintech Industry?

How has the Covid pandemic affected the Fintech Industry?

On behalf of the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School, the World Bank Group and the World Economic Forum, we are delighted to invite you to the launch of the Global Covid-19 Fintech Market Impact and Industry Resiliency Study. This session will present key findings, followed by

‘The Dirty Secret of Covid’: Scott Galloway on the Postpandemic Economic Turmoil

‘The Dirty Secret of Covid’: Scott Galloway on the Postpandemic Economic Turmoil

Early on in the pandemic, he started writing a book looking at crises from 1945 to the present day to try to explain the momentous changes in our society and economy. Ahead of the fall release of the book, “Adrift: America in 100 Charts,” DealBook spoke with Mr. Galloway about what he had discovered about

How COVID changed Korea’s investment landscape

How COVID changed Korea’s investment landscape

Aerial view of an apartment complex in Anyang, Gyeonggi Province. (Yonhap) Monetary easing policies have been carried out primarily to counter the prolonged COVID-19 pandemic, but brought significant changes in South Koreans’ economic lives, pushing many to jump into markets under inflationary pressure. For Koreans, living in an era of ample liquidity has been considered

Legacy offers forgivable loans for businesses hurt by COVID pandemic

Legacy offers forgivable loans for businesses hurt by COVID pandemic

As the country inches to some sense of normalcy, small businesses — especially minority-owned companies — are still struggling to recover from the pandemic’s financial gut punch. Shutdowns during the early days of the pandemic and keeping pace with public health orders wreaked havoc on mom-and-pop businesses’ bottom line. Even as businesses open up, mask restrictions loosen

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also facing many other risks in the areas of cyber, climate, compliance and corporate culture, according to a report, Financial Services Risk Trends: An Insurer’s Perspective, from Allianz Global

Covid, Cyber, Compliance and ESG Top Risk Concerns for Financial Services Sector: Allianz

Covid, Cyber, Compliance and ESG Top Risk Concerns for Financial Services Sector: Allianz

New AGCS report identifies key risks and loss trends for the financial services sector. Covid-19 may drive market corrections and insolvencies – which could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. AGCS analysis of $1bn of insurance industry claims show cyber incidents, including crime, is the top cause of

Covid, Cyber, Compliance and ESG Top Risk Concerns for Financial Services Sector: Allianz

Covid, Cyber, Compliance and ESG Top Risk Concerns for Financial Services Sector: Allianz

New AGCS report identifies key risks and loss trends for the financial services sector. Covid-19 may drive market corrections and insolvencies – which could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. AGCS analysis of $1bn of insurance industry claims show cyber incidents, including crime, is the top cause of