governments

Far from “zero-COVID,” cases in China are soaring, and so is frustration with the government’s tactics

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Beijing — The draconian “zero-COVID” policy that China has long touted as a scientific and effective countermeasure against the global coronavirus pandemic seems to be failing. Authorities reported record high COVID-19 case numbers in mainland China for the second consecutive day Friday. 32,695 new infections were recorded on Thursday, the highest figure since the virus was … Read more

Tug of War That Markets Fear Is Central Banks Versus Governments

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Breadcrumb Trail Links PMN Business In the all-hands-on-deck economics of the pandemic, governments and their central banks shared the same goals. Now they’re starting to pull in different directions. Author of the article: Bloomberg News Ben Holland and Liz Capo McCormick Publishing date: Oct 16, 2022  •  14 minutes ago  •  6 minute read  •  Join … Read more

IMF urges governments to rein in spending or risk investors’ mistrust

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Governments must place greater weight on keeping their finances in shape, or risk undermining the confidence of the bond market investors that buy their debt, the IMF has cautioned. Rising interest rates and high inflation have increased the importance of countries building resilience into their public finances so they can deal with a more “shock-prone” … Read more

Europe could see a devastating ‘Lehman Brothers’ event as power producers face $1.5 trillion in margin calls — here’s how governments across the region are stepping in

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Europe could see a devastating ‘Lehman Brothers’ event as power producers face $1.5 trillion in margin calls — here’s how governments across the region are stepping in Wild swings in the price of natural gas — exacerbated by the halt of supply from the Russian Nord Stream 1 pipeline — is putting pressure on European … Read more

CBDCs require governments to put a special focus on security

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Today’s financial world is becoming increasingly digitized, and naturally, central banks want to adapt to the changing environment. The use of cash is rapidly declining. Globally, the rise of digital payment apps and COVID-19 have only accelerated the decline in cash usage, fueling interest in digital currencies and demand for easier payment solutions. As crypto … Read more

Government’s top labor lawyer: Workers need to know we’ll protect them

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When former Amazon worker Chris Small recounted his experience leading the first successful union campaign at the online retailer earlier this year, the government’s top labor lawyer was listening — and dismayed by what she heard.  “I was frustrated to hear that one of the greatest obstacles he faced was convincing his scared co-workers” that … Read more

Randox: the next test for the UK government’s favourite diagnostics firm

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In a warehouse so vast it once housed torpedoes during the second world war, Randox marshalled its troops of testers to detect Covid-19 across the UK. Like wars, pandemics spur innovation and the Northern Irish diagnostics company adapted quickly. Within weeks of the outbreak, it created a test, rapidly scaled up in a time of … Read more

Ford Government’s health privatization comments “outrageous, and foolhardy”, raising red-flags about backroom deal making

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Article content Attn: Assignment Editor MEDIA ADVISORY:Press Conference Monday Morning TORONTO, Aug. 12, 2022 (GLOBE NEWSWIRE) — The Ontario Health Coalition is at its highest level of alert as a result of the Ford government’s statements about their plans to privatize public health care services this week, warning that the government’s statements reveal they are … Read more

Myanmar’s execution of political prisoners | Outrage intensified with widespread condemnation from world governments

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International outrage over Myanmar’s execution of four political prisoners intensified on July 26 with strong condemnation from world governments and grassroots protests. Myanmar’s military-led government that seized power from elected leader Aung San Suu Kyi in February 2021 has been accused of thousands of extrajudicial killings since then, but the hangings announced on July 25 … Read more