Browsing: global economy

International scientists will gather near Tokyo on Tuesday for a week-long meeting centred on a grim climate change report that warned of floods and drought that would stoke conflicts and wreak havoc on the global economy. A draft of their report, seen…

lnternational Monetary Fund chief Christine Lagarde said Wednesday that growth in the global economy was picking up, but warned of the “rising risks” of deflation. “Momentum strengthened in the latter half of 2013, and should strengthen further in 2014…

US stocks Wednesday moved higher following a rise in European markets after the World Bank raised its growth forecast for the global economy. About 35 minutes into trade, the Dow Jones Industrial Average advanced 74.31 (0.45 percent) to 16,448.17. The…

Disasters including the floods that struck central Europe in June caused global economic losses of about $130 billion in 2013, reinsurer Swiss Re said on Wednesday. The insurance industry is likely to cover about $44 billion (32 billion euros) of all…