Monthly Bulletin
October 2020
Economy Tracker
Key Indicators
Stock Indices
Global News
Economy
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World Economic Outlook IMF: A long and difficult ascent (IMF)
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IMF says Asia’s economy will shrink more in 2020 (Business Line)
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Slowdown in euro area economy forces ECB to 'recalibrate' policy (S&P Global MI)
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Forget the debt, save the economy, urges IMF (Global Finance)
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China's leaders look to boost self-reliance as country turns inward (The Guardian)
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China economy grows 4.9% as rest of world struggles with Coronavirus (WSJ)
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US bankruptcies surpass 500 mark as coronavirus takes toll (S&P Global MI)
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Asia leading the economic recovery as western world still hunkering down (Forbes)
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World Bank calls for debt relief programme as amounts owed hit record levels (The Guardian)
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U.S. consumer sentiment improves slightly more than initially estimated in October (RTT News)
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Most consumers expect spending to remain the same in coming months – 451 survey (S&P Global MI)
COVID-19
Trade
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China talks up a future in which it needs collaboration with the U.S. and other countries (CNBC)
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Trade shows signs of rebound from COVID-19, recovery still uncertain (WTO)
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Services trade drops 30% in Q2 as COVID-19 ravages international travel (WTO)
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DDG Wolff urges start of “serious discussion” on WTO reforms (WTO)
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Post-Brexit free trade deal likely to be 'very, very' limited for banks (S&P Global MI)
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EU seeks Amazon protections pledge from Bolsonaro in push to ratify trade deal (The Guardian)
Climate
Industry
Industry Updates
Banking & Finance
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VC funding for fintechs is down, but big banks are quietly investing in startups (S&P Global MI)
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UK maintains position as leader of Europe's fintech community (City A.M.)
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Covid-19 spurs fintech regulation innovation - study (Finextra)
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Chinese bank lending likely to grow more slowly after hitting record in Q3 (S&P Global MI)
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Slow-burning crisis’ set to ravage India’s banks (The Banker)
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UK aims to shape global fintech regulation as it bridges EU divorce – experts (S&P Global MI)
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Moody’s downgrades UK banks as pandemic bites (The Banker)
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Workable ‘consolidated tape’ vital to EU capital markets union hopes (The Banker)
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India preps fintech regulatory sandbox for smart city hub (Finextra)
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Open banking UK rollout gathers pace (The Banker)
Automotive
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Toyota USA and Hino Trucks Developing Hydrogen Truck Together (Industry Week)
- EV Manufacturer Arrival Sparks New Investment (Industry week)
Energy
Technology
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Ant Group to raise $34.5 billion, valuing it at over $313 billion, in biggest IPO of all time (CNBC)
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Apple, Amazon, Facebook and Google all produce record sales amid Big Tech backlash (Market Watch)
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Cloud infrastructure revenue grows 33% this quarter to almost $33B (Tech Crunch)
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Elon Musk says that Starlink is all set to provide high-speed internet service to the world (Technology Elevation)
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Marvell near deal to buy semiconductor rival Inphi for as much as $10 billion (Market Watch)
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VCs poured capital into European startups in Q3, but early-stage dealmaking suffer (Tech Crunch)
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Orange, Nokia and Schneider Electric team up to trial 5G (Industry Week)
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Fight for data-center market fuels big semiconductor deals – analysts (S&P Global MI)
Healthcare
Must Reads
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SupTech: Moving from Why to How (World Bank Blogs)
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3 Ways Crypto is Improving FinTech (Tech Funnel)
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How Shell Is Shifting Towards Clean Energy (The Startup)
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Why Disney’s Reorganization Is a Lesson for Every Media Company (The Startup)
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