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Confidence is falling worldwide as the cost of living crisis deepens




An atmosphere of growing economic pessimism reigns in the world’s major economies, with rising prices and geopolitical uncertainty hurting the prospects for businesses and consumers.

Consumer and business confidence fell last year by the most in a decade, with the exception of the early months of the coronavirus pandemic, according to research by the Financial Times.

The latest Brookings-FT tracking indicator showed that tough economic data and key financial indicators are also dropping from strong levels after Covid-19, indicating that momentum in the global economy is slowing.

The collapse in confidence comes as global financial officials gather in Washington this week for the annual meetings of the International Monetary Fund and the World Bank. The two bodies are expected to publish forecasts warning that the global economy is on the verge of contraction.

Eswar Prasad, a senior fellow at the Brookings Institution, said the index’s results reflected “a series of self-inflicted wounds” by companies and governments. He said these ranged from supply chain bottlenecks and weak policy responses in the face of high inflation to China’s non-spreading Covid policy, and financial recklessness in countries such as the United Kingdom.


“Growth momentum, as well as confidence indicators and financial markets, have deteriorated significantly around the world in recent months,” Prasad said.

The Brookings-FT Tracking Index of Global Economic Recovery (Tiger) compares indicators of real activity, financial markets, and confidence with their historical averages, for both the global economy and individual countries.

Confidence indices have fallen sharply and are at their lowest levels ever since the index began more than a decade ago in countries such as the US, UK and China. In emerging economies, which are most exposed to rising food and energy prices, confidence has fallen more sharply.

India is the only major economy in the world described as a “bright spot”, with strong indicators pointing to strong growth this year and next.

The rest of the world’s major economies are grappling with mounting economic problems according to both hard data and softer metrics such as confidence indices.


“Many countries are already on the verge of total collapse amid heightened uncertainty and heightened risks,” Prasad said.

Despite this, the hard data is not yet weak enough to suggest that central banks can reverse their fight to tackle high inflation by stemming rising interest rates, analysts warned.

“Governments and central banks no longer have the luxury of unrestricted fiscal and monetary stimulus to stabilize growth and offset adverse shocks,” Prasad said, adding that governments should avoid unhelpful populist policies such as ill-targeted packages to counter the impact of higher energy prices. .

Despite the deteriorating outlook, many economists believe that finance ministries and central banks are unlikely to reverse their strategies.

The United States is under pressure from other countries to cool the rally in the dollar, which is fueling inflation in other parts of the world, while China must decide whether to scale back its zero-Covid policy. Germany has been criticized by economists for the scale of its financial support for domestic energy users, and the United Kingdom for unfunded tax cuts at a time of high inflation.


The recent turmoil in British financial markets and pension funds has investors worried about the financial stability of the global system with interest rates rising.

Some analysts have warned that the simultaneous tightening of monetary policy by several major central banks could result in an unnecessarily deep and prolonged global downturn.

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How to get a hero out of the tension of a World Cup penalty shootout




How do you take a penalty kick and how do you save it? With the knockout stages of the World Cup kicking off on Saturday, these questions could determine who wins the trophy. In the 2018 tournament, four knockout round matches were drawn after 120 minutes and won on penalties. This time around, some teams have prepared better than ever. Others have not.

The first thing you should know is how your opponents shoot. In general, each player must answer one question: do you wait for the guard to move? Croatian Luka Modric Do. He runs slowly, raises his head, and the guard watches for the slightest sign—even a raised heel—which direction to move. In that Capricorn, Modryc He hits the ball the other way. He converted 21 of his 24 penalties, or 88 percent, according to Market transfer. The conversion rate at the soccer level has dropped over the past decade from 82 percent to around 75 percent, possibly because data analysis helps teams decipher crossed balls.

Guard confronts Modric – or Poland’s Robert Lewandowski – will want to stay still for as long as possible. It worked for Uruguay’s Sergio Rochet against Ghana on Friday: Unfazed by Andre Ayew’s slower style, he chose the right corner, helping Uruguay qualify for the knockouts at the Ghanaians’ expense.

Harry Kane, England’s chief penalty taker, requires a different approach, as he does not mark the goalkeeper. His former club coach Jose Mourinho once said: “Harry decides . . . a few days before the game how he’s going to take it and then he spends three or four days before the game practicing that shot and I love that.” Kane changes the direction of penalties well, so the goalkeeper must choose a side more or less randomly, and immediately dive. Good luck: Ken’s conversion rate is 85 percent.

Lesser bowlers sometimes oscillate between Kane and Modry’s strategyc‘s. One such example is France’s Antoine Griezmann, who missed five of the last seven penalties.

Italy goalkeeper Gianluigi Donnarumma saves a penalty kick taken by England’s Bukayo Saka in the Euro 2020 final at Wembley © Paul Elellis / AFP / Getty Images

Argentina’s Lionel Messi also has a flaw in his approach that will become apparent to analysts who study sequence rather than simply counting the number of penalties taken into any corner: he rarely repeats his last kick. Last week, Messi scored to the right of the Saudi goalkeeper, then hit a powerful ball to the left of Poland’s Wojciech Chesney, who saved it. According to Transfermarkt, the best footballer in the world has an average career fine conversion rate of 77 per cent. Portuguese rival Cristiano “Binaldo” Ronaldo leads by six percentage points.

But these are specialists, and in the penalty shootout, the team must select five players. Players who normally wouldn’t take penalties suddenly find themselves making the long, lonely walk to take the kick of a lifetime. Under intense pressure, few would dare to coldly wait for the goalkeeper’s move. Instead, inexperienced kickers tend to take the simplest penalty: pushing to the “normal side”, which for a right-footed kicker means the right of the goalkeeper. The historic conversion rate in a World Cup penalty shootout is just 70.3 percent, according to estimates Opta data provider.

The Dutch nominated one of their three guards as the “hit killer”, but did not reveal his identity. If it wasn’t for the starting player Andres Noppert, then coach Louis van Gaal might bring in the specialist before a penalty shootout, as he did with Tim Krul in the 2014 World Cup against Costa Rica. Kroll stood tall above every opponent’s kicking, trash-talking, and the Dutch won.

It was the case of a goalkeeper’s aura that intimidated opponents. One of the beneficiaries of that in Qatar may be Swiss Jan Sommer, who has graduated from regular penalty taker to penalty taker: since September 2019, he has saved five out of the 11 he has faced in all competitions.

England have suffered more penalties than any other country except Spain. When Gareth Southgate became their manager in 2016, they lost five hits in a row. Southgate, who himself missed the decisive penalty for England in the Euro 1996 semi-final against Germany, attempted to recreate the full atmosphere of a penalty shootout in training sessions. As Paul Hayward writes in his book, his men also learned a key statistic England Football: The Biography. “Players who run slowly score 80 percent of the time, while those who run more quickly score only 60 percent.”


Southgate has removed some of the responsibility from his players by choosing England kickers himself. This removes the sight of an exhausted coach begging, stressing the players to go, as Spain coach Fernando Hierro did against Russia in 2018. Striker Diego Costa was caught on television cameras warning of Cook’s selection. “Coca-Cola is good,” Hierro insisted. After the midfielder missed and Russia won, Costa said, “I told you.”

And the managerial choice to stop incompetent penalty takers, such as England’s Raheem Sterling, from volunteering backfires. Southgate’s side beat Colombia on penalties in the last World Cup. But homework can’t guarantee success: England lost the Euro 2020 final on penalties, perhaps upset by the size and brilliance of Italy’s 6ft 5in goalkeeper Gianluigi Donnarumma.

Luck is important in a penalty shootout. But to paraphrase golfer Arnold Palmer, the more prepared teams are, the luckier they are at getting it.

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How to watch FIFA World Cup Round of 16 matches in Qatar broadcast live online for free without cable: Fox, FS1, Telemundo




The United States pulled off a thrilling victory over Iran on Tuesday, but that was just the beginning of the long road to the FIFA Championship. The last 16, also known as the knockout round, kicks off on Saturday. One loss will send packing teams off.

There are no links. There is no second chance. The competition is much tougher than the group stage.

Sports stars are still in contention. Portugal, led by Cristiano Ronaldo, went through the knockout round, as did Argentina, led by Lionel Messi.

The stakes — and the drama — are high. And while most fans will be heading home (or at a favorite watering hole) over the weekend, don’t be surprised if some escape in the early part of next week. If you’re hoping to catch the action, here’s what you need to know.


When will the United States face the Netherlands in the 2022 World Cup?

The United States and the Netherlands will start the Round of 16 on the morning of Saturday, December 3 at 10:00 AM ET. The games will run through December 6.

Where can I watch the USA-Netherlands match in the 2022 World Cup?

Fox This showdown will be carried on the main channel over the air to ensure the widest audience. The game will also be broadcast on Peacock.

Who would prefer to win the USA-Netherlands match in the 2022 World Cup?

It does not look good for the United States. The Netherlands are heavily favored to win, with a probability of 49%. The probability of winning the USA is only 23%. (It’s basically the opposite of the odds from the US/Iran game.)

The chance of a tie is 28%.

What is the schedule for the round of sixteen matches in the 2022 World Cup?

Saturday 3rd December

Netherlands versus the United States10:00 a.m. ET on Fox and Peacock


Argentina vs Australia2:00 p.m. on FS1 and Peacock

Sunday, December 4th

France versus Poland10:00 a.m. ET on FS1 and Peacock

England and Senegal2:00 p.m. on FS1 and Peacock

Monday, December 5th

Japan vs Croatia10:00 a.m. ET on FS1 and Peacock

Brazil vs South Korea2:00 p.m. ET on FS1 and Peacock


Tuesday, December 6th

Morocco vs Spain10:00 a.m. ET on FS1 and Peacock

Portugal vs Switzerland2:00 p.m. ET on FS1 and Peacock

Can I watch the 2022 World Cup if I don’t have a cable subscription?

on Saturday? yes. Fox will carry the World Cup, as will Telemundo, both of which can be picked up via an over-the-air antenna in most cities, meaning you’ll be able to watch even if you don’t have a cable subscription.

To ensure that you are getting the most reliable signal, be sure to test the antenna in multiple locations in your home. Note, however, that you won’t be able to watch games on FS1, which will carry a number of games for English fans.

How can I stream the 2022 World Cup if I don’t have a cable subscription?

There are several options:



broadcast service on NBC It is the home of live World Cup broadcasts, featuring all 64 matches broadcast by Spain. There will also be an on-demand broadcast of completed matches. (Note that there’s no English-language streaming alternative announced yet. You can get a free seven-day trial, followed by $5 or $10 per month. (The Peacock free version doesn’t include live sports.)

Hulu With live TV

Free trial on this service It is also no longer shown. It will cost you $70 per month.

The YouTube

After up to Two-week trialYou can expect a monthly fee of $65.

sling tv

Dish Network’s Sling’s lowest-tier “Orange” plan will set you back $35 per month. Adding the more comprehensive Blue plan brings the cost to $50 per month. You’ll first get a free seven-day trial — and for now, the cord-cutting service cuts your first month’s bill in half.

DirecTV Stream

Formerly known as DirecTV Now, AT&T TVNow, and AT&T TV, this A frequently renamed streaming service You will get $70 per month and up after the free trial option.


Fubo TV

This sport that focuses on cutting the rope Services Carries broadcast networks in most markets. There is a seven-day free trial, followed by a monthly fee of between $70 and $100, depending on the channels you choose.

How does the knockout phase of the World Cup work?

From now on, win or go home. Each match is single elimination and there are no ties.

If the game is still tied after 90 minutes, it goes into 30 minutes of extra time. If things still don’t settle down after 120 minutes of total play, it will be settled in a penalty shootout. Each side takes turns shooting the ball from the penalty spot as the goalkeeper attempts to stop the shot. The team that scores the most goals out of five attempts wins.

If things continue even after those five kicks, the penalty shoot-out continues until “one team scores more goals than the other from the same number of kicks,” according to FIFA.

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Microsoft is ready to fight for the $69 billion Activision deal




(Bloomberg) — Microsoft is ready to fight over its $69 billion acquisition of Activision Blizzard Inc. If sued, the US Federal Trade Commission seeks to block the deal, according to a person familiar with the matter.

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The Xbox maker has not been in talks with the FTC about remedies or waivers intended to approve the deal, said the person, who asked not to be identified discussing a confidential matter. The person added that FTC staff are wrapping up their investigation and are expected to make a recommendation soon. The FTC commissioners will then vote on whether to file a case.

In the event that the FTC attempts to block the case, Microsoft is preparing to challenge that decision in court, said the person, who requested anonymity speaking about the internal strategy. Jennifer Rhee, an antitrust analyst at Bloomberg Intelligence, said it wouldn’t surprise her if the FTC filed a lawsuit seeking to block the deal, but noted that a court battle would be hard for its enforcers to win and Microsoft could prevail — though the legal battle could stretch. after the deal’s expiry date. Microsoft said it expects to close the deal by June 30.


Another option for Microsoft would be to abandon the deal in the face of a challenge from the Federal Trade Commission. That’s what the company did in 1995 when the US government sued to block its acquisition of Intuit Inc. to manufacture accounting software, as Microsoft said it did not want to face a long legal battle.

Microsoft’s best chance of winning approval to buy Activision is to convince the Biden administration to accept a settlement in which it promises it will not withhold its popular titles from competitors.

But Biden’s antitrust enforcers aren’t fond of such agreements — especially after the Ticketmaster bombing this month brought to light a failed 2010 Justice Department settlement with Live Nation Entertainment Inc.

The FTC takes a tough approach to mergers, especially when it comes to technology and digital markets, but has not indicated whether it plans to sue to block the deal.


In July, the agency filed a lawsuit to block Meta Platforms Inc. From the purchase of the virtual reality application Fitness Inside, claiming that the deal can eliminate competition in a small number of markets, referred to as “emerging competition”.

Microsoft and the Federal Trade Commission declined to comment. Politico reported last week that the Federal Trade Commission is likely to challenge the deal.

The US is one of at least three jurisdictions in which regulators have raised questions about the mega deal, which would dramatically change the landscape of video games and put Microsoft in third place in the global gaming market behind Tencent Holdings Ltd. and Sony Group Corp.

European and UK antitrust regulators have raised questions about whether the popular Call of Duty game franchise will still be available to gamers on Sony’s PlayStation console and whether the merger will allow Microsoft to take a dominant role in the burgeoning but still small market for cloud gaming services.

Microsoft has offered Sony a deal whereby Call of Duty games will be available on PlayStation for ten years, though the companies will need to put in place financial terms to the agreement, the person said.


That person said the software giant advised regulators of these discussions, but did not submit a formal remedy proposal because the review process had not progressed to that stage.

It doesn’t make financial or strategic sense for Microsoft to keep the best-selling PlayStation game franchise because more copies of games are sold on PlayStation than on Xbox and because such a move would anger gamers in a way that could have negative implications for Microsoft. In fact, the acquisition wouldn’t be financially viable for Microsoft if it cut Call of Duty to PlayStation, the person said.

Given the various stages of various investigations around the world, Microsoft will likely discuss this move first with the European Commission, which has set March 23 as the deadline for completing its in-depth review of the deal.

The person said Microsoft hopes the remedies it provides to the European Union will be sufficient globally. However, UK regulators will likely want additional steps from the company.

The UK’s Competition and Markets Authority is currently under an in-depth investigation of the deal after an initial investigation found concerns in game consoles, multi-game subscription services and cloud gaming marketplaces.


The agency said in an October document outlining the scope of its investigation that it was concerned that the deal could allow Microsoft to gain massive market power that would allow it to cut out competitors such as Sony. Although Microsoft promised it would not do so because of reputational damage to Xbox or Call of Duty, the watchdog said it had not identified “convincing evidence” to believe the statements.

Scrutiny of the dominance of big tech companies by the UK agency has intensified since it gained new powers post-Brexit.

Microsoft and the CMA will appear at a key party hearing in mid-December, part of the UK merger process that will allow them to segment and test the parties’ arguments. The agency is expected to make an interim decision by January, and the deadline for a full decision is March.

— With assistance from Emily Birnbaum and Stephanie Bodoni.

(Updates to add the previous acquisition challenge in the fourth paragraph.)


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