4 years ago

Julius Baer: Eight surprises for 2021

Christian Gattiker, Head of Research and Mathieu Racheter, Strategy Research Analyst Emerging Markets, at Julius Baer take us through eight events that would qualify as “low probability-high impact” in 2021. Thinking the unthinkable Expecting the unexpected does not only defy linguistical logic but also, is a very hard thing to do. After issuing our yearly outlook expectations, we are regularly asked about what could go wrong and what would be the most devastating things that could happen. That usually leads straight into black swan discussions. This is when we throw in that even Nassim Nicholas Taleb, who hammered the term ‘black swan’ into the consciousness of the financial community, has declared that neither the Great Financial Crisis nor the Covid-19 pandemic qualify as black swan events as these types of risks have been known for generations. We therefore settle on the term ‘low-probability, high-impact events’ hereafter to discuss the uncertainties in the months ahead. 1: An utterly dull 2021 disappoints high-flying hopes After coming out of a crisis, investors expect things to continue as least as spectacularly – for good or bad – as during the crisis. History tells a different story. After the heavy interventions of policymakers, markets tend […]

4 years ago

Saudi confirms 4 COVID-19 deaths, 255 new cases

Saudi Arabia recorded four new COVID-19 related deaths on Thursday, raising the total number of fatalities to 6,379. The Ministry of Health confirmed 255 new confirmed cases reported in the Kingdom in the previous 24 hours, meaning 368,329 people have now contracted the disease. Of the total number of cases, 2,111 remain active and 371 in critical condition.

4 years ago

Kuwait confirms 742 coronavirus cases

Kuwait confirmed 742 novel coronavirus (COVID-19) cases over the past 24 hours, bringing the total caseload  to 131,205 so far. The Health Ministry Official Spokesman Dr. Abdulla Al-Sanad said that four infected people had succumbed to the disease, which takes the death toll to 808.  There are 114 people currently receiving intensive care for the virus out of a total 8,508 patients being hospitalized. The ministry has conducted 5,278 swab tests in the last 24 hours, out of a total of 960,725 so far. The ministry earlier said that 626 infected people have recovered from the virus, upping the total number of those to have overcome the disease to 121,889.

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