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Treasury Puts Taiwan on Notice for Currency Practices

The Biden administration’s first currency report undid the Trump administration’s designations of Vietnam and Switzerland as currency manipulators, citing insufficient evidence. …

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Trains now running at 69% of pre-Covid levels: Railway Board Chairman

This inching up of rail utilisation is due to rising demand with many passengers going back to their home towns to avoid extended lockdowns because of the resurgent pandemic …

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Covid-19 Pushes India’s Middle Class Toward Poverty

The pandemic sent 32 million people in India from the middle class last year. Now a second wave is threatening the dreams of millions more looking for a better life. …

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Gustavo Dudamel, Superstar Conductor, Is to Lead Paris Opera

In a coup, the venerable company has hired as its next music director the rare classical artist to have crossed into pop-culture celebrity. …

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What Will Happen to All the Empty Office Buildings and Hotels?

Commercial real estate has been hit hard by the pandemic, but there are plans to convert some of the now empty spaces into apartment buildings. …

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Unemployment Is High. Why Are Businesses Struggling to Hire?

Health concerns, expanded jobless benefits and still being needed at home are among the reasons would-be workers might be staying away. …

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Signs of Economic Hope Are Growing, Some With Superlatives

Soaring retail sales and a sharp drop in jobless claims are the latest reflection of a quickening recovery and suggest a year of remarkable growth. …

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John Williamson, 83, Dies; Economist Defined the ‘Washington Consensus’

A careful pragmatist, he regretted the way his term, aimed at developing countries, was misinterpreted by free-market ideologues and anti-globalization activists. …

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PE investment in realty jumps 16-fold in Jan-Mar at $3.2 bn: Report

Private equity investment in real estate jumped over 16-fold in January-March 2021 to USD 3.24 billion as several deals spilled over from last year, according to Knight Frank. The property consultant, in its report ‘Investments in Real Estate – Trends in PE Investments – Q1 2021’, said Indian real estate attracted private equity (debt and equity) investments of USD 3,241 million across 19 deals in Q1 2021. The investment stood at mere USD 199 million in Q1 of 2020 calendar year. “The strong momentum in Q1 2021 was predominantly driven by two major factors: a spill over of certain deals from 2020 and the rise in investor confidence due to the drop in COVID-19 infections during early parts of Q1 2021,” it said. Explaining the investment trend in the real estate industry, Shishir Baijal, chairman and managing director of Knight Frank India, said office assets continue to be the preferred segment attracting over 70 per cent of PE investments in Q1 2021. “While Q1 2021 has been an … …

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