A defunct Chinese space lab hurtled through Earth’s atmosphere today, breaking up into pieces as it headed towards a watery grave in the South Pacific. Moments after predicting a slightly later re-entry over the Atlantic, China’s Manned Space Engineering Office said, the eight-tonne Tiangong-1 mostly burnt up above the vast ocean’s central region.
International Monetary Fund’s in its report “Global Prospects and Policy Challenges” notes that financial conditions remain supportive despite the recent equity market turmoil in the world. A strong rebound in investment and international trade is supporting the global expansion led by advanced economies. The picture in emerging economies is more mixed, with higher commodity prices sustaining the recovery in commodity exporting countries. Also, Euro area growth has been the highest in a decade and strong global trade boosted activity in Asia, with China benefitting from continuing fiscal and credit stimulus.