1.The IMF expects the global economy to grow by 6% this year
The International Monetary Fund has again raised its forecast for global economic growth, predicting that the world economy will expand by 6 % this year, a rate not seen since the 1970s. The IMF now expects the US economy to grow 6.4 % in 2021, the fastest pace since the early 1980s. The IMF raised China's growth forecast for 2021 by 0.3 percentage points to 8.4 %.
2. Flipkart, an Indian e-commerce platform, is set for an IPO
Flipkart, an Indian e-commerce platform controlled by Walmart, is planning an initial public offering (IPO) in the fourth quarter of this year, foreign media reported. Flipkart started operations in 2007 and now sells more than 80 million products on its platform. In 2018, Walmart bought a majority stake in Flipkart for $16 billion.
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3. France and Italy Blocked Cities Again as Europe Worries
According to the World Health Organization (WHO) Regional Office for Europe, the number of new cases of COVID-19 in Europe has risen for three consecutive weeks, with more than 1.2 million new cases in a single week. Among them, Italy has been upgraded to a red epidemic prevention zone, non-essential reasons are not allowed to go out.The whole of mainland France was also shut down for four weeks.
4. PayPal launches cryptocurrency settlement service
Cross-border payment platform PayPal announced that it has allowed US consumers to use their digital cryptocurrencies Bitcoin, Ethereum, Bitcoin Cash and Litecoin to make payments at millions of online merchants around the world, and that PayPal will not charge transaction fees.
5. Chile's decision to close its border sends copper prices soaring
Recently, according to foreign media reports, the government of Chile, a major copper producer, decided to close its borders to strengthen the control of COVID-19. Chile's Ministry of Energy and Mines responded that the closure of the border would not affect the normal operations of mining companies. On April 6, Shanghai copper closed up 1.3% after rising more than 2% in early trading to 67,010 yuan a tonne.