However, as the US economy gradually recovers from the recession caused by the crisis of the new coronavirus, the labor market is slackening and the inflation rate is slowing down. CPI rose 0.4% in August. Both July and June rose 0.6%. “Prices have risen only modestly as supply chain turmoil has eased and weak demand and […]
Flora
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
U.S. Senate voted for small-scale corona measures next week Democracy rejects administration
The US Republican Party Secretary of State Mitch McConnell announced on the 13th that he will vote on small-scale economic measures against the new coronavirus at the plenary session. On the 19th of next week, when the recess is open, the company plans to adopt a $ 500 million support measure that utilizes the remaining funds […]
G7 to counter ransomware attacks “Digital currency regulation required”
The seven major countries (G7) in Japan, the United States and Europe will hold a videophone-style meeting of finance ministers and central bank governors on the 13th to encrypt data in computer terminals for ransom purposes. He showed his attitude to counter attacks using “ransom wear”. At the same time, he said that stable coins (digital […]
Debt of poor countries at the heart of G20 discussions
The risk of a financial crisis following the pandemic crisis continues to mount. “Some emerging and developing countries are experiencing financing difficulties that risk to tip them into over-indebtedness or financial instability. “ In its report on financial stability, the day before the virtual meeting of G20 finance ministers, the International Monetary Fund is explicit and sounds […]
Before the opening of Wall Street: October 13, 2020
Movements prior to opening US stock futures were trading mixed in early pre-market trading, and large banks including JPMorgan Chase & Co. (NYSE: JPM ) and Citigroup Inc. (NYSE: NYSE: C ) were ready to post their earnings for the last quarter. Wall Street posted gains in the previous session led by tech stocks. The NFIB Small Business Optimism Index for September […]
The IMF points to a less severe global crisis, although the outlook worsens for emerging economies
The International Monetary Fund (IMF) issued “somewhat less bleak” projections for the global economy on Tuesday, as rich nations and China rallied faster than expected after coronavirus lockdowns. , although he cautioned that the outlook is getting worse for many emerging markets. IMF forecasts for 2020 pointed to a 4.4% contraction of the world economy, […]
Crude oil futures down 3%, production resumed in Libya and Norway
US time crude oil futures fell about 3%. The force majeure clause was lifted in Libya’s largest oil field, followed by the end of a strike in the Norwegian offshore oil field and the recovery of rice production that had been suspended in the hurricane “Delta.” The liquidation price is $ 41.72 a barrel, which is $ 1.13 (2.6%) lower […]
German ZEW Economic Expectation Index Drops to 56.1 in October More Uncertainty
The German European Economic Center (ZEW) released an economic expectations index of 56.1 in October, down from 77.4 last month and well below market expectations (73.0). .. The outlook for the German economy is becoming more uncertain due to the three uncertainties surrounding the new coronavirus, the UK’s withdrawal from the European Union (EU), and […]
US Caterpillar bets on autonomous driving technology against corona
According to Caterpillar’s in-house data obtained by Reuters, sales of autonomous driving technology for mining operations this year are up double digits year-on-year. On the other hand, sales of other construction machinery such as bulldozers and mining trucks have fallen in the last nine months, as well as other construction machinery giants such as Komatsu 6301.T and Deer. Fred […]
Fed calls for banks to prepare for a surge in corporate bankruptcies
The German Federal Bank (Central Bank) announced on the 13th that a company with a weak financial position went bankrupt due to the spread of the new corona virus, and the real estate boom is beginning to fade. Meanwhile, banks recognized that they needed to prepare for a surge in corporate bankruptcies. The Fed has […]
