Economy

Colombia approved 62 new roads this year

In the first half of 2022, the Colombian civil aviation authorities (also known as Aerocivil) granted authorization to operate 62 new routes, including 31 domestic, 28 international and three reserved for cargo services. Among the airlines that have received approval to launch these new services are LATAM, JetSMART, Air Canada, Wingo, Viva Aerobus, Avianca and …

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The bonds are in the dumps. Here’s why this investor is buying

Bonds have been beaten this year, but that’s good news for anyone betting that today’s obsession with inflation and rising interest rates will subside. Hanif Mamdani, the lead manager of Royal Bank of Canada’s giant PH&N High Yield Bond Fund, offers a high-profile example of an investor looking to take advantage of eye-popping bond yields. …

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Massive Wall Street layoffs feared as bank profits a reservoir

Wall Street has spent the last year gorging on bankers. Get ready for the Big Puke. Rumors of hiring freezes and even layoffs have begun to circulate at financial firms, as soaring interest rates and recession fears have stifled appetite for mergers, IPOs and more. transactions with large companies, sources told the Post. At an …

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Reviews | Inflation has exposed the depths of our affordability crisis

Follow analyzes like that and you’ll find an array of bad actors, crossing partisan and professional lines. Housing is so hard to build in dense cities largely because governments have made it difficult to build. These governments are disproportionately led by Democrats. “The blue places have chosen to make their housing supply inelastic – to …

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S. Korea not worried about capital outflows so far: finance minister

South Korea’s finance minister ignored near-term risks of capital outflows from the Asian economy as global credit spreads widen. Seong Joon Cho | Bloomberg | Getty Images South Korea’s finance minister ignored near-term risks of capital outflows from the Asian economy as global credit spreads widen. Speaking to CNBC at the Group of 20 meeting …

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Remittances from Gulf countries fell sharply in FY21 due to Covid-19

Mumbai: The share of inbound remittances from Gulf countries fell sharply in 2020-21 due to the economic stress created by the COVID-19 pandemic, according to an RBI article. On the other hand, advanced economies like the United States, United Kingdom and Singapore have emerged as major sources for the country for remittances, accounting for 36% …

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3 cash moves to help minimize uncertainty in the second half of 2022

david sachs | The image bank | Getty Images It’s no secret that the first half of 2022 ushered in many costly changes for consumers: The S&P 500 index fell 20.6% in the biggest first-half decline since 1970, dragging investor portfolios down with it. The Federal Reserve approved a 75 basis point rate hike in …

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High Muslim unemployment ‘is not due to cultural and religious practices’ | Islamophobia

According to a study, the poor performance of Muslims in the British labor market cannot be explained by socio-cultural attitudes, such as commitment to traditionalism. The research, published in the peer-reviewed journal Ethnic and Racial Studies, confirmed the existence of a ‘Muslim penalty’ in the labor market, but dismissed previous suggestions that it was due …

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