Weekly Overview
Global news in this week… The COVAX programme delivered its first set of vaccines to Ghana this week, donated by India. COVAX is a global coalition which distributes free vaccinations to less developed countries, which is why G7 leaders have recently pledged more to the funds. More positive news was announced in Boris Johnson’s ‘one-way’ […]
Weekly overview
Global economy With the pulling of ANTs IPO last month there has been a significant increase in competing fintech companies’ user bases, presenting higher levels of risk for the overall Chinese economy on multiple fronts. With some of the most powerful players in asset management, such as BlackRock and Silver Lake being left to hold […]
~Weekly Overview~
In this week, WALL STREET BETS & MELVIN CAPITAL: THE SHORT SQUEEZE This week has been one to remember in markets. A community of more than 2M people in Reddit, in an attempt to fight big short selling hedge funds, massively bought several shorted stock such as GameStop ($GME) and $AMC among others. We are […]
Weekly Overview
Welcome to this week’s overview! In the news this week… U.S. coronavirus cases topped 7 million, accounting for more than 20% of the world’s total. The pandemic has continued to ravage Latin America where the double threat of hunger and contagion have destroyed informal economies in particular. In Europe, further lockdown restrictions have been implemented […]
~Weekly Overview~
Brexit, ECB and Tech retreat In this week, US new coronavirus cases continue moving down and the 7-days moving average is now below 40,000. New deaths and hospitalizations are also decreasing. The discussion on how to reopen the economy might begin soon. Meanwhile, the EU and UK new cases are increasing, and nothing suggests this […]
~ Weekly Overview ~
Back to normal? Welcome to this week’s overview, The World Economy Globally more than 23.6 million cases and 868,000 deaths have been confirmed. The 3 worst affected countries in the world include India, US and Brazil. India reported the biggest single day rise in coronavirus cases anywhere in the world so far (August 30th). Meanwhile, […]