Shorts – Summaries

The Economist: Finance and economics articles summarised

The world economy The world economy is very dependent on vaccinations, but it’s a story of two halves, those who have and deployed them will do well, many others will not, see chart. The World Bank highlighted that the 10 big economies with the highest vaccination rates are set to grow 5.5%, the ten with…

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The Day Today 18th June 2021

Record amount of $756bn deposited at Fed’s RRP after they started paying interest on it. Sunak rules out extending pandemic help, ‘higher inflation and interest rates are risks I have to protect us from’ and it’s important ‘the public finances are returned to a strong position over time’. CBI brings forward by one year the…

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The Day Today 17th June 2021

Fed dot’s predict an earlier start to interest rate rises than previously, the economic projections also include higher growth and inflation Companies repay £1bn of furlough from the £64bn spent by the Treasury British Poultry Council says processing of meat down 10% since Easter due to labour shortages NZ Trade Minister: ‘China for Australia is…

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The Day Today 16th June 2021

Tokyo Olympics would need taxpayer bailout if there are no spectators, says FT British Beer & Pub Association warns delayed reopening will cost pubs £100m every week Higher inflation to give windfall to pensioners next April and cost up to £4bn if UK govt sticks to triple lock promise FTSE4Good ESG index gives 208 companies…

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The Day Today 15th June 2021

Head of European Medicines Agency warns “we’re going to need a portfolio of vaccines… you might have a production issue, something else might go wrong” Hedge funds to hold on average 7% of their assets in crypto in five years’ time, according to survey by fund administrator Intertrust Airbus/Boeing 17 year dispute close to resolution…

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