DUBAI, United Arab Emirates — The United Arab Emirates announced that Emirati nationality will now be attainable for foreigners, in a major first for the Gulf region. The move is a significant change in direction for a country whose economy relies heavily on expatriates, for whom residency is typically contingent on their employment visas. The […] Read more
Fitch Ratings raised its forecast this week for China’s economic growth next year, based on increased domestic demand and expectations for coronavirus vaccine deployment. Fitch now expects China’s gross domestic product to expand 8% in 2021, up from the 7.7% rate forecast in September. “This would be well above our estimate of China’s long-term growth […] Read more
Hotels are rolling out the red carpet for a new breed of traveler: your new puppy. Lockdowns, social distancing and new work-from-home arrangements have caused animal adoptions to soar across the United States. A new TD Ameritrade survey found that 33% of Americans — and half of millennials — have considered fostering or adopting a pet […] Read more
Despite airlines being one of the worst-hit sectors by the coronavirus pandemic, the debt of low-cost European airlines is one of the most attractive opportunities in fixed income at present, according to AXA Investment Managers Senior Portfolio Manager Nicolas Trindade. Passenger numbers remain well below pre-Covid levels, and airline bond yields remain significantly elevated compared […] Read more
Thirteen universities, or colleges, in the U.K. are at risk of going bankrupt as the coronavirus pandemic hits their finances and challenges the entire sector, a study by Institute for Fiscal Studies warned Monday. Social distancing measures, travel restrictions and lockdowns have tested the ability of universities to survive without students. In the wake of the pandemic, […] Read more
