News

China will overtake the United States to become the world’s biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the COVID-19 pandemic, a think tank said.

Banks have provided US$1.7 trillion of finance to 40 companies in the plastics supply chain without imposing any requirements to tackle plastic pollution pouring into the world's rivers and oceans, according to a report.

The world economy could grow by 4% in 2021, provided that the introduction of COVID-19 vaccines begins on a large scale throughout the year, according to a January World Bank report, World Economic Outlook.

Singapore's non-oil domestic exports (Nodx) posted its first gain in three months in December, mainly helped by shipment of non-electronic goods such as specialised machinery, non-monetary gold and measuring instruments.

Outstanding loans reached 5.5t $ in December, 6.2% higher than last year.