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BusinessWorld (Philippines) 07/12/2020 05:53
A global recession has been brought by the COVID-19 pandemic. In its latest Global Economic Prospects Report, the World Bank (WB) said in June that the global economy will shrink by 5.2% in 2020, representing “the deepest recession since World War Two.” Developed countries’ economic growth will decline 7%, and that of emerging markets and developing countries by 2.5% — their first contraction as a group in at least 60 years. Per capita incomes will fall by 3.6%, pulling some 60 million people down into extreme poverty, the report said.
Nicky Farrugia was born on 25 August 1960. He has been married to Lynn for the past 39 years. Incidentally he got to know her as a little girl while on holiday with her Scottish family. From this marriage Nicky and Lynn have three daughters and four grandchildren. How were Nicky’s childhood days? “I was raised by my mother, a-stay-at-home wife as was the norm in those days and my father who was a policeman. We were a family of five and I have an older and a younger sister. I grew up in a family-oriented household with my mum, a jovial lady and my dad, more reserved and disciplined. I was raised in St Paul’s Bay, a quiet village with life near the sea and roaming and running in the surrounding fields at the time.”Nicky received his first ed.
The headlines over the past week have been dominated by the pitiful situation the PN finds itself in .... with an Opposition Leader who has lost the confidence of two thirds of his MPs but refuses to go. Of course, the dire situation at Dar Centrali is not a trivial matter. On the contrary, it is a very serious matter with repercussions on a national level. But, unfortunately, it is serving as an unwitting smokescreen for the government scandals. There was one particular news story this week that hit the headlines but was quickly side-lined by the goings on at the PN HQ … the NAO report on the VGH agreement. The report found evidence of collusion between representatives of the government and the investors behind the company that had no prio.
BusinessWorld (Philippines) 07/12/2020 05:47
Complaints started making their way to social media as soon as players arrived at the ESPN Wide World of Sports Complex in Orlando, Florida. And, as usual, the discussions bordered on the flippant. The packed meals, while elaborate, were compared to those served in airlines, or even in the ill-fated Fyre Festival. Needless to say, the criticisms bordered on unfair, what with the situation improving drastically after they cleared quarantine. In fact, notwithstanding the musings of such notables as the Sixers’ Joel Embiid, the Lakers’ JR Smith, and the Rockets’ Ben McLemore, they were nowhere near subjected to what the Lakers’ Rajon Rondo described as a “Motel 6” experience.

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