The Day Today 7th June 2021

  • G7 tax deal agreed by finance ministers “is a starting point”, it aims to close loopholes multinationals use
  • Global chip shortage will last at least another year forecasts Flex, the world’s third biggest electronics manufacturing services company
  • Treasury secretary Janet Yellen said “if we ended up with a slightly higher interest rate environment it would actually be a plus for society’s point of view and the Fed’s point of view”
  • CDU sigh of relief as fends off challenge from AfD to retain leadership in Saxony Anhalt state election
  • Norway health chief says “Here in Norway, the pandemic is so to say over””
  • Scotland FDI increases even as it falls across UK as a whole, according to EY survey
  • Taiwan orders King Yuan Electronics to stop all its foreign staff from working, regardless of Covid test results, as infections cluster in semiconductor companies

US equity markets closed higher, just short of all-time highs. Asian stocks were steady and US futures were slightly lower.

The Week That Will Be
1. ECB
Lagarde is once again playing for time, hoping that there will be yet another free pass at her press conference on Thursday before she has to…

The Economist: Finance and economics articles ever
Commercial property
Companies are trying to tempt workers back to offices but only one in 20 buildings in America have occupancy levels above 10%. Newer buildings with…

On this day in 1917 the start of the Battle of Messines saw the allied forces detonate a series of mines underneath German trenches at Messines Ridge, killing 10,000 German troops. This explosion killed more people than any other non-nuclear man-made explosion in history. The picture is one crater of the 19 that were made

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