The European Union Commission has decided not to renew coronavirus vaccine contracts next year with AstraZeneca and Johnson & Johnson (J&J), According to the Italian daily, La Stampa, the EU Commission, in agreement with the leaders of many (EU) countries, has decided not to renew the contracts with the firms that produce vaccines. The contracts …
EU won’t renew contracts with J&J and AstraZeneca Read More »
China’s exports increased sharply in March. Imports growth rose to the highest in four years in yet another increase to its economic rebound. Significantly, it is signaling improving global demand amid progress in worldwide coronavirus vaccination. Last month Chinese exports gained 30.6% from a year ago in U.S. dollar terms. An impressive figure, however, still …
As we all remember, U.S. President Joe Biden signed The American Rescue Plan into law on March 11. This authorized the third round of stimulus checks for many individuals and families in America. Many more U.S. citizens have filed their 2020 tax returns. Therefore, the IRS is finding that they owe more money to some …
Who Is Eligible for a “Plus-Up” Stimulus Check Payment? Read More »
According to Federal Reserve Governor Lael Brainard, although the U.S. economic outlook has recovered, it remains well away from where it needs to be. Brainard announced that it needs some time before both employment and inflation have achieved their goal. Earlier this week Fed released minutes from the March Federal Open Market Committee meeting. In …
U.S. economic outlook is far from the central bank’s goals Read More »
The U.S. trade deficit rose to a record high in February as the nation’s economic activity recovered more quickly than that of its global rivals. Analysts say it could remain elevated in 2021, with massive fiscal stimulus anticipated to spur the fastest growth in almost four decades. The economy is recovering as boosted coronavirus vaccinations …
European Central Bank boss Christine Legarde says a decision on a digital Euro will be announced in the following months. However, the actual release of such a currency could take years. The ECB president reported the whole process of developing a central bank digital currency could take at least another four years. However, the Bank …
A decision on a digital Euro will be announced soon Read More »
The UK’s COVID-hammered economy expanded more quickly than previously expected in the final three months of last year. However, according to official data, it still declined by the most in more than three centuries in 2020 as a whole. The figures also revealed the biggest pile of household savings on record last year, which the …
According to WRIC, a 74-year-old Virginia man developed a severe rash that spread across his entire body after getting the Johnson & Johnson coronavirus vaccine on March 6. Richard Terrell is the man who had the severe reaction. According to him, four days after getting the vaccine, he began to develop a painful rash on …
The man had a severe reaction after the J&J vaccine Read More »
U.S. President Joe Biden will unveil the first part of his economic recovery package this week. Significantly, the package focuses on rebuilding roads, bridges, and other infrastructure. Meanwhile, a separate plan centers around child and health care. White House press secretary Jen Psaki verified the administration’s plans to divide the package into two legislative proposals, …
Joe Biden economic plan to focus 1st on infrastructure Read More »
China is likely to lead the rebound of East Asia and Pacific economies in 2021. This is according to new World Bank forecasts. However, many nations will show sub-par growth as they struggle to emerge from the COVID-19 pandemic. Based on the World Bank’s latest East Asia and Pacific Economic Update, China’s economy will boost …
China will lead the recovery of East Asia and Pacific Read More »
According to U.S. Secretary of State Antony Blinken, the West must engage with Moscow to develop mutual interests but remain very clear-eyed. The announcement was made at the Biden administration’s first cabinet-level meeting with the NATO alliance. Jens Stoltenberg, NATO Secretary General, called on Russia to continue the dialogue altought a council that has not …
West must engage with Moscow to develop mutual interests Read More »
The computer chip shortage starts to hit automakers as they struggle to keep production and shipments of highly profitable pickup trucks going. After the chip shortage began, automaker companies committed to using the chips they have on hand in order to keep building their most widespread vehicles. Yet now, Ford and Stellantis are having a …
The computer chip shortage starts to hit automakers Read More »
On March 21, two of North America’s largest railroad firms reported a merger that would connect freight customers to Canada, America, and Mexico on a single network for the first time in history. Remarkably, Canadian Pacific agreed to buy Kansas City Southern in an agreement worth around $25 billion. Notably, it would combine two of …
Railroad Merger to Connect America, Mexico, and Canada Read More »
According to a report by S&P Global Ratings, surging U.S. bond yields will not damage Asia’s emerging markets as severely as they did during the taper tantrum eight years ago. Taper tantrum describes the rise in U.S. Treasury yields in 2013 after the Federal Reserve reported it would wind down its quantitative easing, or asset …
Rise in U.S. bond yields won’t hurt Asia’s emerging markets Read More »
Just over a year since coronavirus transformed the world upside down, investors are starting to get over it. Inflation now has become the biggest tail risk that could cause the most damage. COVID-19 fears shook Wall Street to its core in March 2020. The Dow Jones Industrial Average crashed almost 3,000 points a year ago …
Portfolio Managers Think Inflation is Now the Top Risk Read More »
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