Economy_LLI(LatLongInfo)

Economy

Economy 03/17/2023

UK economy rebounds with stronger-than-expected January GDP print

The U.K. remains the only country in the G-7 (Group of Seven) major economies that has yet to fully recover its lost output during the Covid-19 pandemic.

Economy 03/17/2023

Long-awaited Fed digital payment system to launch in July

FedNow, the Federal Reserve’s digital payments system, will debut in July.

Economy 03/17/2023

‘Let’s bring France to a halt’: Oil refineries blocked and trains halted by pension reform protests

Exactly one year ago, on March 16, 2022, the Federal Open Market Committee enacted the first of what would be eight interest rate increases.

Economy 03/17/2023

Credit Suisse chair says SVB crisis looks contained, rejects talk of government assistance

The contagion effect from the recent collapse of Silicon Valley Bank is local and contained, said Credit Suisse Chairman Axel Lehmann.

Economy 03/17/2023

Oil tumbles to lowest level since December 2021 as banking crisis routs markets

Oil prices fell sharply Wednesday, as traders feared a brewing banking crisis could dent global economic growth.

Economy 03/15/2023

U.S. inflation is likely ‘far stickier’ and could last a decade, Bill Smead says

Inflation in the U.S. is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management.

Economy 03/15/2023

Fed can’t tame inflation without ‘significantly’ more hikes that will cause a recession, paper says

The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022.

Economy 03/15/2023

Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago

The consumer price index rose 0.4% in February and 6% from a year ago, in line with market expectations.

Economy 03/15/2023

Something broke, but the Fed is still expected to go through with rate hikes

Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.

Finance

The rise of the Euro: the struggle and progress under the shadow of the dollar hegemony

In today's global economic pattern, the euro, as an important international currency, has been bearing the expectation of European countries to get rid of the dependence on the US dollar and seek financial independence since its birth.

Economy

UK economy rebounds with stronger-than-expected January GDP print

Long-awaited Fed digital payment system to launch in July

‘Let’s bring France to a halt’: Oil refineries blocked and trains halted by pension reform protests

Credit Suisse chair says SVB crisis looks contained, rejects talk of government assistance

Oil tumbles to lowest level since December 2021 as banking crisis routs markets

U.S. inflation is likely ‘far stickier’ and could last a decade, Bill Smead says

Fed can’t tame inflation without ‘significantly’ more hikes that will cause a recession, paper says

Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago

Something broke, but the Fed is still expected to go through with rate hikes

Us to ban Chinese TP-Link routers on national security grounds

The first serious human case of bird flu has been reported in the United States

NASA Delays U.S. Astronauts' Return Raising Questions About Space Hegemony

A man who shot dead an American health insurance executive in the street has been charged with first-degree murder

Trump's tariff threat and distortion of the 'American Dream'

Trump Tariff 2.0 creating"global mass"

China is reported to be pushing the yuan down next year to counter the impact of US tariffs

Chinese researchers have developed a new material that removes 99.8% of microplastics from water

China's first commercial spaceport has completed its maiden launch mission

TikTok's parent company ByteDance has been valued at about 403.1 billion yuan

China and Europe reach 'technical consensus' on anti-subsidy tariffs on electric vehicles

Putin accused Google of being a tool for US political gain

The Assassination of the Commander of the Russian Triple Defense Forces: Impacts and the Underlying Situation

ECB President: High inflation easing imminent, the central bank will continue to cut interest rates

Putin accused the West of approaching a red line warning it would lift restrictions on missile deployments

Poland has accused Russia of interfering with security in the Baltic Sea to test NATO's bottom line

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