The dollar weakened to a four-month low. Investors prefer riskier currencies
Investors are looking for a robust global economic recovery. But this makes them prefer currency that they rate as riskier than the US dollar. As a...
U.S. plans to introduce tax breaks for low-carbon aviation fuel
US lawmakers want to introduce a bill that would introduce tax breaks for low-carbon aviation fuel. They are promising a substantial reduction in greenhouse gas...
Inflation in the euro area is accelerating and approaching the European Central Bank’s target
The April year-on-year inflation rate in the euro area rose to 1.6 percent. It was thus 0.3 percentage points higher than in March. Of the euro-paying...
The United States and the European Union have agreed on a partial ceasefire
Washington and Brussels have agreed to remove some of the barriers to trade that were built between the two groups during Donald Trump's presidency. But...
The outlook for our economy is good, the Taiwanese government agreed
Taiwan's Prime Minister SuU Tseng-chang expressed optimism about this year's economic developments after talks with the country's economic leaders on Sunday. Government will help the...
Mexico’s largest copper producer is investing in a metalworking project
Grupo Mexico plans to invest $ 3.1 billion in an industrial metalworking project in the state of Sonora. It also includes the construction of electricity distribution infrastructure in the southern part of the California Peninsula.
The US labor market has failed. Unemployment rose slightly in April
The number of Americans employed increased in April, but significantly less than expected. As a result, the unemployment rate rose slightly to 6.1 percent. This is despite the opening of the economy and the advancing vaccinations.
China is sucking up iron ore and copper. Metals are up tens of percent
Copper imports to China increased by almost two-fifths last year, breaking historical records. China imported more of this metal than in 2018, when its imports...
Vietnam is Southeast Asia’s digital tiger, data show
Vietnam's digital sector could reach more than $50 billion by the middle of this decade. This follows from an e-Conomy SEA report by Google, Temasek...
Yellen: Interest rates should rise slightly. The dollar responded by strengthening
The US economy is said to be in danger of overheating and so it would be desirable for a slight increase in interest rates. Current US Treasury Secretary and former US central bank chief Janet Yellen think so.
