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RIO DE JANEIRO, BRAZIL - Ford s decision to close plants in Brazil was only the tip of the iceberg, and the national economy is experiencing one of the sharpest declines in direct investment among emerging countries.
On the eve of the start of the World Economic Forum on Sunday, January 24th, the United Nations Conference on Trade and Development (UNCTAD) released data showing that foreign direct investments in Brazil in 2020 recorded a 51% drop compared to the 2019 figures. The reduction is higher than the average global decline but not as bad as in developed countries. In Brazil, foreign . . .
Xi champions multilateralism at Davos, takes aim at US policies
Wang Cong Published: Jan 25, 2021 11:51 PM
Highlights of President Xi s speech at Davos Infographic: Xu Zihe/GT
Addressing the World Economic Forum on Monday night, Chinese President Xi Jinping delivered a stern repudiation of bullying tactics, ideological prejudice and hatred as well as economic decoupling and sanctions, which he warned could push the world into division and confrontation, and offered an inclusive multilateral approach that would guide the world out of darkness. Through the speech, China is also sounding the alarm and offering constructive suggestions for future China-US relations, Chinese observers noted.
The Latest: California lifts regional stay-at-home orders kesq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kesq.com Daily Mail and Mail on Sunday newspapers.
Mr Bailey said there has been huge innovation in payments in recent years and there are “still some very big gaps to fill” with cross border remittances an obvious area for upgrading because the cost of making payments is too high.
While he said digital innovation is here to stay because there are “big challenges to solve”, existing currencies do not have a structure that will allow them to last.
“Have we landed on what I would call the design, governance, and arrangements for what I might call a lasting digital currency,” he asked the panel.
“No, I don t think we re there yet, honestly. I don t think cryptocurrencies as originally formulated are it , he said.
SACRAMENTO, Calif. California has lifted regional stay-at-home orders statewide in response to improving coronavirus conditions.
Public health officials said Monday the state will return to a system of county-by-county restrictions intended to stem the spread of the virus. The state is also lifting a 10 p.m. to 5 a.m. curfew.
The decision comes with improving trends in the rate of infections, hospitalizations and intensive care unit capacity as well as vaccinations. The lifting of the order is based on projections that the state says show improving ICU conditions, but officials have not disclosed the data behind the forecasts.
THE VIRUS OUTBREAK: