EconomyWeb | Global Economic Outlook
ECONOMY • Today
UK and EU agree to ‘last throw of the dice’ in Brexit trade deal talks
December 5, 2020
Negotiations remain deadlocked after call between Boris Johnson and Ursula von der Leyen
Factors that could halt the bull market charge
December 5, 2020
Investor hubris can be pierced when expectations of further gains are as strong as they are now
FTSE drops 8 Chinese groups from indices after Trump order
December 5, 2020
Ban on investment by US citizens triggers index reshuffle

Economic News
South Korea Current Account Surplus Climbs To $11.66 Billion
December 3, 2020
South Korea posted a current account surplus of $11.66 billion in October, the Bank of Korea said on Friday - up from $10.21 billion in September.
South Korea Has $11.66 Billion Current Account Surplus
December 3, 2020
South Korea had a current account surplus of $11.66 billion in October, the Bank of Korea said on Friday - up from $10.21 billion in September.
Philippines Data Due On Friday
December 3, 2020
The Philippines will release a batch of data on Friday, headlining a modest day for Asia-Pacific economic activity. On tap are October figures for industrial production, November numbers for inflation and Q4 employment data.
U.S. Service Sector Growth Slows Modestly In November
December 3, 2020
A slight pullback in the rate of growth in U.S. service sector activity continued in the month of November, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI edged down to 55.9 in November after dipping to 56.6 in October, although a reading above 50 still indicates growth.
U.S. Jobless Claims Drop Much More Than Expected To 712,000
December 3, 2020
A report released by the Labor Department on Thursday showed a much bigger than expected decline in first-time claims for U.S. unemployment benefits in the week ended November 28th. The Labor Department said initial jobless claims dropped to 712,000, a decrease of 75,000 from the previous week's revised level of 787,000.
Economic Highlights
Read more Comments Off on Economic News
ECONOMY • Analysis
The pandemic may be encouraging people to live in larger groups
December 5, 2020
In lockdown people see the appeal of housemates
Meet the data firms cashing in on the quant-investing boom
December 5, 2020
S&P’s plan to buy IHS Markit is the latest in a slew of deals in the industry
Economic Analysis

The Washington Consensus stands test of time better than populist policies
December 4, 2020
Thirty years ago, the Peterson Institute’s John Williamson coined the term “ Washington Consensus ” to refer to a set of ten economic policies and reforms that received widespread support at the time. [1] These policies included maintaining fiscal discipline, reordering public spending priorities (...
Economic Research
América Latina: impulsando una recuperación inclusiva
December 3, 2020
Por Jens Arnold, Paula Garda, Alberto González Pandiella, Alvaro S. Pereira, Departamento de Economía, OCDE Por primera vez desde que comenzó la pandemia, comienza a haber esperanza de que una cura a la COVID-19 esté a la vista. Tras un fuerte descenso del 4% este año, se prevé que el PIB mundial aumente algo más… Read More »América Latina: impulsando una recuperación inclusiva
Economic Views
Screening and Discussion of "A La Calle"
December 1, 2020
Panelists discuss the humanitarian crisis in Venezuela as the country continues to face high rates of poverty, unemployment, and even starvation. A La Calle (“To the Street”) is a firsthand account of the extraordinary efforts of ordinary Venezuelans to reclaim their democracy from the Nicolás Maduro administration. Working with a network of clandestine camera crews, the filmmakers spent three years recording exclusive interviews with key opposition figures as well as a host of everyday citizens to document the efforts of Venezuela’s opposition movement.
The Future of Europe
November 30, 2020
Panelists discuss the multiple challenges facing Europe today, including the public health and economic consequences of the coronavirus pandemic, Brexit, continued threats of nationalism, Russian influence, and relations with the United States.
Read more Comments Off on Economic Analysis
ECONOMY • Outlook
U.S. dollar hovers around two-and-a-half year low; Analysts see further weakness in 2021
December 4, 2020
The U.S. dollar is currently hovering around lows last seen in April 2018 as investors continue to pour back into riskier assets.
European markets close higher with U.S. stimulus, Brexit in focus
December 4, 2020
European markets closed higher on Friday as investors monitored prospects of a U.S. stimulus package and a last-minute Brexit trade deal.
India's central bank keeps interest rates unchanged as inflation remains high
December 4, 2020
The Reserve Bank of India held its benchmark repo rate — the rate at which it lends to commercial banks — at 4%.
Credit Suisse says Asian stocks will kick off an ‘earnings super-cycle’ in 2021
December 4, 2020
The Swiss bank forecast 19% in U.S. dollar returns for the MSCI Asia ex-Japan Index between now and the end of 2021, compared with 15% globally.
Economic Perspectives
COVID-19 has widened the income gap in Europe
December 3, 2020
Workers with low-educational levels suffered far worse than others in terms of COVID-19 related job losses during the first half of 2020 in the EU. Jobs for tertiary-educated workers even increased. Thus, the pandemic has increased income inequality, reinforcing the case for inclusive development.
The political economy of climate transition
December 2, 2020
Is the green deal a strategy for growth or simply a reallocation mechanism?
Economic Outlook
How Governments Can Create a Green, Job-rich Global Recovery
December 4, 2020
By Kristalina Georgieva and Rajiv J. Shah عربي, 中文, Français, 日本語, Português, Русский  Climate change and the COVID-19 crisis have a great deal in common. Both are human tragedies and economic catastrophes: The pandemic has taken more than a million lives, thrown hundreds of millions out of work, and is projected to wipe out $28 trillion [...]
World Economic Outlook Report
Read more Comments Off on Economic Outlook
ECONOMY • Opinions
A Monetary Mind at the Treasury
December 4, 2020

Former US Federal Reserve Chair Janet Yellen's forthcoming appointment to lead the Department of the Treasury is good news for advocates of rules-based monetary policymaking. Following a period of emergency measures, what the US needs now is a return to clear and predictable decision-making.

Can Joe Biden’s America Be Trusted?
December 4, 2020

America's friends and allies have come to distrust it in the wake of Donald Trump's presidency. Joe Biden will do all that he can to repair the damage, but the deeper problem is that many are asking whether Trump was merely a symptom of the decline of American democracy.

Read more Comments Off on Economic Opinions
ECONOMY • Insights

Read more Comments Off on Economic Insights
ECONOMY • Forecast
Economic Projections
Global Economic Projections for 2013-2021 | The Conference Board
Read more Comments Off on Economic Projections
STARTUP • News
Why Sapphire’s Jai Das thinks the Salesforce-Slack deal could succeed
December 5, 2020
"I think there are some companies that have a lot of COVID tailwind."
Zephr raises $8M to help news publishers grow subscription revenue
December 4, 2020
Zephr has raised $8 million in a new funding round led by Bertelsmann Digital Media Investments (owned by media giant Bertelsmann). The London-headquarted startup’s customers already include publishers like McClatchy, News Corp Australia, Dennis Publishing and PEI Media. CEO James Henderson told me via email that rather than creating “a monolithic product that tries to […]
Henry picks up cash to be a Lambda School for Latin America
December 3, 2020
Latin America’s startup scene has attracted troves of venture investment, lifting highly-valued companies such as Rappi and NuBank into behemoth businesses. Now that the spotlight has arrived, those same startups need more talent than ever before to meet demand. That’s where one seed-stage Buenos Aires startup wants to help. Henry has created an online computer […]
Fantasy startup Esports One raises $4M more
December 3, 2020
Esports One, a startup bringing the fantasy approach to esports, is announcing that it has raised an additional $4 million in funding. When I first wrote about Esports One in April, co-founder and COO Sharon Winter described it as the first “all-in-one fantasy platform” in the esports world, allowing you to research players, create fantasy […]
ANYbotics, Swiss company behind quadrupedal ANYmal robot, announces $22M A round
December 3, 2020
ANYbotics, the creators of ANYmal, a four-legged autonomous robot platform intended for a variety of industrial uses, has raised a $20 million Swiss Franc (~$22.3 million) round A to continue developing and scaling the business. With similar robots just beginning to break into the mainstream, the market seems ready to take off. The company spun […]

Read more Comments Off on Startup News
STARTUP • Business
Why THQ Nordic has joined the game studio acquisition binge
December 5, 2020
On November 17, Embracer Group (a game publisher formed from the combination of THQ Nordic and Nordic Games Publishing) announced the acquisition of a dozen game studios. That was a historic day in games, and it was part of an acquisition binge trend that we’ve seen along with deals like Microsoft’s $7.5 billion acquisition of Bethesda […]
Salesforce + Slack mashup signals the rise of Deep Collaboration
December 5, 2020
In a Deep Collaboration future, a person doing a specific task doesn’t have to leave a single piece of software to get that job done.
Venture Deals
Arcadian Infracom Snares $1.45M Funding
December 4, 2020
ST. LOUIS, MO, Arcadian Infracom has announced the closing of an additional $1.45M financing round.
Moov Scores $27M Series A Round
December 4, 2020
CEDAR FALLS, IA, Moov announced an oversubscribed $27 million Series A round led by Angela Strange, Peter Levine, Seema Amble, and Andreessen Horowitz.
Hydra Studios Raises $3.8M Seed Round
December 4, 2020
NEW YORK, NY, Hydra Studios announced a $3.8M seed capital round.
Apty Receives $5.4M Post-Seed Financing
December 3, 2020
FRISCO, TX, Apty, a leading Digital Adoption Platform, today announced that it secured $5.4 million in post-seed funding.
PreAct Technologies Nabs $1.6M
December 3, 2020
PORTLAND, OR, PreAct Technologies, a leader in the next generation of automotive safety, has raised $1.6 million in funding.
Space Perspective Pulls In $7M Seed Funding
December 3, 2020
KENNEDY SPACE CENTER, FL, Space Perspective today announced it has closed a $7 million series seed financing.
Venture Capital
Read more Comments Off on Startup Business
STARTUP • Trends
Leftovers you can’t eat: Black Friday deals you can still get
December 5, 2020
Photo by Chris Welch / The Verge

This weekend, you can enjoy the last of the leftovers — not Thanksgiving leftovers. (There’s still no end in sight for those at my house.) I’m talking about the deals left over from Black Friday and Cyber Monday. It’s a relative drought compared to the number of sales we saw last weekend in the thick of it all, but you can still get some of this year’s best prices on headphones, video games, and smart speakers.

Here are this week’s best deals.


Headphones

The headphones with arguably the most effective noise cancellation tech and best sound quality for the price are the Sony WH-1000XM4. They were down to $278 during Black Friday, but their current $298 price is still a good buy if you missed that.

The price of the Samsung Galaxy Buds...

Continue reading…

Technology Trends
Internet Trends
Recap: Who’s responsible if a self-driving car has an accident?
December 5, 2020

With self-driving cars gaining traction in today’s automobile landscape, the issue of legal liability in the case of an accident has become more relevant. Research in human-vehicle interaction has shown time and again that even systems designed to automate driving — like adaptive cruise control, which maintains the vehicle at a certain speed and distance from the car ahead — are far from being error-proof. Recent evidence points to drivers’ limited understanding of what these systems can and cannot do (also known as mental models) as a contributing factor to system misuse. In the video above, a webinar on the…

This story continues at The Next Web
Read more Comments Off on Startup Trends
STARTUP • Insights
Op-ed: A Silicon Valley founder on why he replaced himself as CEO
December 4, 2020
The tech sector is full of start-ups led by big personalities. More need to get over fears about succession planning and do what I did: Give up the CEO role.
Startup Insights
Read more Comments Off on Startup Insights