The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
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Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
It has now become cheaper for Ireland - despite being a major casualty of the euro zone sovereign debt crisis - to borrow money than the U.S. government, showing the growing divide between market perception and economic reality, according to analysts.
The yield on the Irish benchmark 10-year bond fell below that of its U.S. counterpart on Thursday afternoon. It has since pushed even lower and reached 2.485 percent on Friday morning, helped along by the credit easing measures announced by the European Central Bank (ECB).
This contrasts significantly with the 14 percent-plus yield seen in July 2011 before the nation had to ask for bailout loans, enforce stiff austerity measures and overhaul the banking system that brought the country's economy to its knees.
The yields - which have an inverse relationship to a bond's price - of other peripheral countries aren't far behind. Yields on Spanish benchmark debt hit a record low on Friday morning, falling 13 basis points to 2.695 percent, while Italy's sank 12 basis points to 2.807 percent. Meanwhile, the yield on the U.S. 10-year Treasury dipped to 2.5680 percent with investors eagerly anticipating a payrolls number from the Bureau of Labor Statistics.
"Sentiment is still overshadowing economic reality," Gemma Godfrey, the head of investment strategy at Brooks Macdonald, told CNBC via email, adding that markets are overshooting after such big statements by the ECB.
Bill Blain, a senior fixed income broker at Mint Partners, called the narrowing of spreads between the U.S. and peripheral Europe "bonkers cubed."
Read MoreThe ECB eases and the euro… rises?
Italy's debt is growing and there has been precious little reform, he said, adding that Spain is making good efforts to reform but is "mired in youth despair, and the rise of dangerous politics."
However, he believes that Ireland is essentially a decent economy if it can overcome the very real setback and depression inflicted across the populace with many well-educated people leaving the country in search of work.
Creditworthiness is no longer a key factor in investment decisions, Marc Oswald, a strategist at Monument Securities told CNBC via email, which he said sadly does reflect the vicissitudes of reality. Standard & Poor's currently has a AA-plus credit rating for the U.S. and a BBB-plus rating for Ireland, although an update for the latter is due on Friday.
"It is crazy," Oswald said, but explained that with the ECB introducing a negative deposit rate for Europe's banks will force them to pile money into short term government bonds so they are not generating a negative income. Added to this, negative rates will also force cash out of money market funds and into fixed income, he said, meaning bond investors will be looking for the more attractive long-dated yields of peripheral debt, thus helping them lower.
Oswald said that bond investors that bemoan this poor credit quality will underperform their peers and could even be out of a job.
"This is not an investment strategy, but a job preservation strategy," he said. "In the long run this is the road to the next crisis, but there are very few people who take a long-term view when it might cost them their job."