World Economy

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LIBOR replacement

The Libor (London Interbank Offered Rate) is an indispensable instrument for the entire financial sector, the one that gives direction. Published daily in London since 1986, this reference, on which $300 trillion of financial contracts are indexed, will disappear at the end of 2021, along with the other interbank rates (Ibor). It will be replaced …

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Worried for jobs, but unwilling to return to the office

There are a growing number of articles and reports, which leaves especially small and medium size business owners rather perplexed. One of the major human resources specialists, Manpower, conducted a recent survey, which I find very interesting and representative in this regards. According to the survey; while nine out of ten working people consider keeping …

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UNCTAD warns COVID-19’s economic fallout will long outlive the health crisis

Geneva is not only a global trade finance hub; it is also home to United Nations and many of its agencies. One of the most prominent ones among these agencies is United Nations Conference on Trade and Development (UNCTAD). Having established in 1964 as a permanent intergovernmental body, UNCTAD is the main authority of the …

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