GENEVA — The World Economic Forum’s Community of Chief Economists expects lower economic activity, higher inflation, lower real wages and greater food insecurity globally in 2022, pointing to the devastating human consequences of the fragmentation of the global economy. Reversing previous expectations for recovery, the majority of respondents to the latest survey expect only a moderate economic outlook in the United States, China, Latin America, South Asia and Pacific, East Asia, sub-Saharan Africa and the Middle East and North Africa in 2022. In Europe, the majority expect the economic outlook to be weak. The choices of both business and government are expected to lead to greater fragmentation in the global economy and unprecedented shifts in supply chains, creating a perfect storm of volatility and uncertainty. These patterns are expected to create further difficult trade-offs and choices for policy-makers, and – without greater coordination – shocking human costs. These are the … [Read more...] about Chief economists outlook warns of dire human consequences from the fragmentation of the global economy
Confirmed world coronavirus cases
Additional 1,179 Covid-19 infections announced on Monday
An additional 1,179 new Covid-19 infections were confirmed on Monday, raising the national tally to over 10.71 million, according to the Ministry of Health. According to the ministry's report, most of the new patients are locally-transmitted cases confirmed in 33 out of 63 localities in the country with some localities seeing the highest numbers including Hanoi (332), Vinh Phuc (75), Quang Tri (72), Yen Bai (60), and Quang Ninh (56). As of Monday evening, the number of Covid-19 patients in Vietnam has increased to over 10.71 million. The country now stands 12th among 227 countries and territories worldwide in the number of infections. On May 23, an additional 3,862 more patients recovered from the disease, raising the number of recoveries in the country to over 9.40 million. On Monday evening, one death related to Covid-19 was announced, taking the total fatalities to 43,076. By May 22, the country had injected more than 219 million doses of Covid-19 vaccines, including over … [Read more...] about Additional 1,179 Covid-19 infections announced on Monday
Woman allegedly kills 8-month-old daughter before attempting suicide in Ho Chi Minh City: source
Police in Ho Chi Minh City are investigating a case where a woman allegedly murdered her own eighth-month baby before attempting to commit suicide at their rented house on Sunday. Officers in Hoc Mon District confirmed on Sunday evening they were investigating the reason behind the death of a baby girl. Preliminary information showed that a 36-year-old woman named N. and her eighth-month-old daughter were found lying motionless at a tenanted house in Trung Chanh Commune, Hoc Mon District on the morning of the same day. The baby girl had already died, while N. was still alive and rushed to the hospital for emergency treatment. Police later arrived and coordinated with relevant agencies in examining the scene and carrying out a probe. N. has lived at the rented home with her husband and two children for about a year, some local residents stated. A conflict recently broke out between the woman and her husband, they added. Investigators believed that N. had murdered her own … [Read more...] about Woman allegedly kills 8-month-old daughter before attempting suicide in Ho Chi Minh City: source
People should be the centre of regional development: Deputy PM
Deputy Prime Minister Vũ Đức Đam speaks at a high-level discussion during the 78th annual meeting of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) on Monday in Bangkok, Thailand. VNA/VNS Photos Ngọc Quang BANGKOK — Deputy Prime Minister Vũ Đức Đam on Monday highlighted a number of focus areas for cooperation between Asia and the Pacific. He was attending a high-level discussion during the 78th annual meeting of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in Bangkok, Thailand. The meeting takes place during May 23-25, with 700 senior leaders and representatives of 51 member countries and territories of ESCAP. President of the United Nations General Assembly Abdulla Shahid and United Nations Secretary-General Antonio Guterres were also present. The theme of this year’s session is “A common agenda to advance sustainable development in Asia and the Pacific”. Speaking at the event, Deputy PM Đam … [Read more...] about People should be the centre of regional development: Deputy PM
With eye on China, and U.S. ties, Japan’s universities to screen foreigners
Japan is asking universities for greater scrutiny of foreign students and scholars to prevent technology leaks to places like China, partly for its own national security but also to safeguard exchanges with U.S. and European universities. While many Western countries have measures to prevent espionage on their campuses with strict screening and penalties for breaches, experts say Japan has been a weak link given its often-unchecked embrace of foreign students. A string of U.S. arrests of Chinese academics in recent years over suspicion of spying was a wake-up call for Japan, officials say. "Around the world, export controls are getting more stringent on foreign nations like China," said a Japanese trade ministry official who helps colleges develop ways to monitor high-risk technology transfers and students. "We want Japanese universities to be trusted for their security and trade controls so that joint research with the United States or Europe can continue," said the official, … [Read more...] about With eye on China, and U.S. ties, Japan’s universities to screen foreigners