NEWS

Latest updates

• Western powers have lost the vaccine diplomacy battle

  • China and Russia have been sending millions of doses of coronavirus vaccines to developing states in recent months
• APAC IVD market to grow 4.4 per cent annually between 2019 to 2024

  • The Asia-Pacific (APAC) in-vitro diagnostics (IVD) market will continue to see key trends in hospital and patient care, government policies which will drive up overall diagnosis needs, and fuel fast growth for certain market segments.
• Renewed restrictions in India affect April economic activity

  • On April 26th the Centre for Monitoring Indian Economy released employment data for the week ending April 25th, showing that the employment rate (total employed people as a share of the working age population) stood at 37.1%, down from an average of 37.7% in February.
• Restrictions continue to temper economic activity in India

  • Data released by the Centre for Monitoring Indian Economy on May 17th showed that the employment rate (the share of the working-age population that is employed) averaged 36.2% for the two-week period ending May 16th, down slightly from 36.7% in the previous two-week period.
• Europe chart of the week: what is driving the inflation spike?

  • There is a lot of discussion about inflation and the drivers of current reflation trends, but little attention has been given to the exaggerated base effects caused by the pandemic.
• Auckland tops the 2021 Global Liveability Index

  • New Zealand and Australian cities dominate the top ten, owing to their strong response to the COVID-19 pandemic
• G7 backs global corporate tax, in first step towards reform

  • Finance ministers from G7 countries gave formal support on June 5th to a potentially ambitious shake-up of worldwide taxation of company income. The initiative seeks to let countries impose taxes on profits from digital goods sold in their markets, while obliging them to impose a minimum 15% profit tax rate.
• North America will not see significant supply chain reshoring in 2021-25

  • Despite growing optimism among US policymakers that American companies could reshore production to North America, such moves will remain exceptional in the coming years.
• Inflation rising in Africa, but central banks to be tolerant

  • A surprise bout of inflation is a major risk for the global economy, but monetary authorities in advanced markets are expected to be relatively tolerant of the phenomenon, not wanting to choke off a post-pandemic recovery before output gaps narrow further.
• Is war between China and Taiwan inevitable?

  • While tensions across the Taiwan Strait have intensified, a direct Chinese military assault on Taiwan remains very unlikely.

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