Brexit negotiators from the European Union and Britain will be speaking on Tuesday. It is in their attempt to break the deadlock over a trade deal. Both sides demanded concessions to prevent a disruptive finale to the Brexit drama. A no-deal Brexit 2020 exit when Britain leaves a standstill transition period on Dec. 31 would …
Brexit Negotiators in Bid to Break Deadlock over Trade Read More »
In the development of a cross-border digital currency, it’s more important for the United States to get it right than be first. This was a statement from U.S. Federal Reserve Chair Jerome Powell on Monday. They do think it’s more important to get it right than to be first, said Powell. And getting it right …
More Important for U.S. to Get Digital Currency Right Read More »
Some investors worry that escalating anti-government protests in Thailand could push one of this year’s worst-performing stock markets even lower. Political uncertainty adds another layer of risk to an already weak tourism-dependent Thai economy. Asia’s worst performers this week were Thai stocks (SETI). Stocks were down 2.6%, as protests hit the capital Thailand Bangkok. Tens …
The European Commission will use bond auctions for selling some of the debt to back its covid-19 recovery fund. This was a statement from the commissioner for budget and administration on Thursday. For weeks now, a key focus for markets were details about the tools the EU will use. That is in order to increase …
EU to Use Bond Auctions to Sell Debt for Recovery Fund Read More »
Massive government spending to counter the COVID-19 pandemic will push public debt to nearly 100% of global economic output this year. But if growth rebounds next year, the run-up may be a one-off event, according to the International Monetary Fund on Wednesday. In its latest Fiscal Monitor, the IMF said it anticipates government budget deficits …
European Union countries will jointly borrow then spend 750 billion euros or $880 billion over subsequent three years. This is to lift the economy out of the deep recession caused by the COVID-19 pandemic. Of the whole 750 billion euros that the EU will borrow, 360 billion is to be distributed in cheap loans. Then, …
On Monday the first ship carrying cargo from Dubai Jebel Ali port to Israel’s Haifa Port arrived Unloaded off the MSC Paris were eight containers filled with electronics, iron, firefighting equipment, and cleaning supplies. It was one of the first cargo ships to make the journey between the two ports. It is supposed to bring …
Even debt hawks are pressing a dysfunctional Washington and a disorganized White House to support another round of seriously wanted incentive to the number of trillions. Federal Reserve Chairman Jerome Powell spoke this week that the US federal budget is on a non-viable way and has been for quite a while. However, Powell replied that …
The U.S. Debt Is Estimated To Be Bigger Than The U.S Economy Read More »
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