Author: ovieoftoronto

Trouble is hitting the world economy – not as a single spy, but as a battalion. They are doing this in multiple areas including the US, China, and Europe. Combined with new geopolitical tensions in the Middle East, these issues raise the possibility of a full-scale global economic and financial market crisis by the middle of next year. One of the biggest threats to the U.S. and global economic recovery is the recent spike in U.S. Treasury yields, a key interest rate for the global economy. In just two months, the 10-year Treasury yield jumped from less than 4% to…

Downward Angle Icon An icon in the shape of a downward angle. Artistic concept showing what Psyche looks like. NASA/JPL-Caltech/ASU NASA has announced a new mission to a metal-rich asteroid called 16 Psyche. 16 The metals believed to be in Psyche are worth 100 quintillion dollars on Earth. But NASA has no intention of mining asteroids for resources. NASA visits asteroids in our solar system that are worth more than the entire world economy, but that's not the purpose. The space agency today launched an unmanned spacecraft to explore a potato-shaped asteroid called Psyche.According to NASA, this chunk of metal-rich…

Microsoft has successfully persuaded regulators around the world to clear its $68.7 billion acquisition of Activision Blizzard — the biggest deal of its kind the gaming industry has ever seen — and has completed the deal. Microsoft overcame concerns about the deal’s effect on competition in the industry — particularly in the nascent cloud gaming market — and ardent lobbying against the deal by competitor Sony. The U.K.’s Competition and Markets Authority first decided to block the acquisition, then agreed to further talks with Microsoft and Activision and has now given it the green light. The U.S. Federal Trade Commission…

When international political economy textbooks discuss the field's pre-1945 roots, they typically focus on European and American thinkers who pioneered three perspectives: economic liberalism, neo-mercantilism, and Marxism. However, his discussion of the IPE issue from the late 18th century until his 1945 was much more global than this, involving prominent thinkers from all over the world. We also offer many more perspectives, including those focused on broader themes such as national self-sufficiency, environmental degradation, gender inequality, racism, religious worldviews, civilizational values, and various forms of economic regionalism. It also includes perspective. In his new book, The Contested World Economy (Cambridge,…

MARRAKESH: The war between Israel and Hamas has cast a shadow over the IMF/World Bank annual meeting in Morocco, with warnings on Thursday clouding the already sluggish global economic outlook. Ta.The global financial institution will hold a meeting of finance ministers and central bankers from around the world in an Arab country for the first time in 20 years.The conflict, which erupted when Palestinian militant group Hamas launched a bloody attack on Israel from Gaza on Saturday, has raised concerns about its potential impact on the global economy.At a press conference in Marrakech, IMF Managing Director Kristalina Georgieva said the…

Unlock Editor's Digest for freeFT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter.This article is an on-site version of Martin Sandbu's Free Lunch Newsletter.Sign up here to get our newsletter sent straight to your inbox every Thursdayhow do you do. The annual meetings of the World Bank and IMF, when the world's economic policymakers convene in Marrakech this week, won't generate much buzz. The tragedy in the Middle East will cast a shadow on whatever views they subscribe to. This was also the case with the recent earthquake in Marrakech, a sad illustration of how the…

Thu, Oct 12 2023 1:08 AM EDTMedical services in Gaza enter ‘critical stage,’ Palestinian health ministry saysMedics attend to children, wounded by Israeli airstrikes, at Al-Shifa hospital in Gaza City on October 11, 2023.Mohammed Abed | Afp | Getty ImagesHealth services in the Gaza Strip are at a “critical stage,” the Palestinian health ministry said in a Facebook post.”Medicines, medical consumption and fuel are running out” and hospitals are fully occupied, with wounded patients “on the ground due to the intensification of Israeli aggression,” a spokesman said.”Urgent action must be taken to provide a safe corridor for medical supplies and…

Thu, Oct 12 20231:08 AM EDTMedical services in Gaza enter ‘critical stage,’ Palestinian health ministry saysMedics attend to children, wounded by Israeli airstrikes, at Al-Shifa hospital in Gaza City on October 11, 2023.Mohammed Abed | Afp | Getty ImagesHealth services in the Gaza Strip are at a “critical stage,” the Palestinian health ministry said in a Facebook post.”Medicines, medical consumption and fuel are running out” and hospitals are fully occupied, with wounded patients “on the ground due to the intensification of Israeli aggression,” a spokesman said.”Urgent action must be taken to provide a safe corridor for medical supplies and the…

After the disappearance of three seniors in the last two weeks, including one with a tragic conclusion, calls for a “silver alert” to be implemented across the province have been renewed. A search is currently ongoing for a missing 73-year-old, Desmond who was last seen October 6 near his home. Desmond lives with dementia and Parkinson’s disease and police have described the search as “urgent.”null Earlier this week, 68-year-old Norman, who has dementia. was found alive after going missing for three days and sadly, 76-year-old Tulip was found dead in a wooded area of Midtown following a week-long search. NDP…

The Royal Canadian Mounted Police (RCMP) is investigating the Ontario government’s decision to open up parts of the Greenbelt for development. A spokesperson confirmed the news with CTV News Toronto Tuesday afternoon. In a statement, the RCMP said that an investigation into “allegations associated to the decision” has been launched. null It will be conducted by the RCMP Ontario Division’s Sensitive and International Investigations Unit. According to the RCMP’s website, this unit probes “high risk matters that cause significant threats to Canada’s political, economic and social integrity of its institutions across Canada and internationally.” This can include investigations into elected…