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Assets of world’s largest investment manager hit record $10trn

BlackRock has become the first public asset manager with assets reaching the $10 trillion milestone, reinforcing the company’s position at the top of the entire sector. Assets under management stood at $10.01 trillion at the end of the quarter, up from $8.68 trillion recorded a year earlier. The surge is …

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The world’s largest trade pact is a game-changer for China

​​With the coming of the new year, the Regional Comprehensive Economic Partnership (RCEP) trade agreement came into force. Signed at the end of 2020, and ratified by at least 10 of its parties through 2021, the deal constitutes the largest free trade agreement in history, spanning 30% of the world’s …

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US sets world record with one million daily Covid cases

The US has recorded more than one million Covid-19 cases in a single day, as the Omicron variant continues to spread rapidly. The figure is the highest recorded anywhere in the world since the pandemic began in 2019. According to data from Johns Hopkins University (JHU), more than one million …

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World hockey championship canceled midway over Omicron

A global ice hockey governing body canceled the remainder of its world junior championship due to concerns over Covid-19 and the Omicron variant, after infections among players led to three forfeited games in just two days. The International Ice Hockey Federation (IIHF) announced the move on Wednesday, stating that the …

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Tiny territory strives to be world’s crypto capital

The British overseas territory of Gibraltar could soon host the world’s first integrated bourse, where conventional bonds can be traded alongside major cryptocurrencies such as Bitcoin and Dogecoin. According to The Guardian, the peninsula’s regulators are currently reviewing a proposal that would prompt blockchain firm Valereum to buy the Gibraltar …

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Hidden epidemic killing more in Russia than anywhere else in world

“A new fire starts every minute in Russia, and every hour, someone dies and someone is injured,” Alexander Chupriyan, interim minister of emergency situations, told business daily RBK in an interview published Friday. “We’re in first place for fire deaths per capita, with 5.8 per 100,000. That’s higher than other …

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Miss World canceled hours before final ceremony

The annual event was due to take place on Thursday, but will now be rescheduled  “within the next 90 days.” “Miss World 2021 temporarily postpones the global broadcast finale in Puerto Rico due to health and safety interest of contestants, staff, crew and general public,” the pageant organizers said in …

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