Shorts – Summaries

The Day Today 23rd June 2021

Taiwan tech companies accused of locking up migrant workers in dormitories to prevent Covid spread, according to internal documents seen by the FT. Fed Powell: ‘We will not raise interest rates pre-emptively because we fear the possible onset of inflation. We will wait for evidence of actual inflation or other imbalances’. Fed Mester: ‘I would…

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The Day Today 21st June 2021

China risks isolation if it fails to allow a “real” investigation into the origins of the virus, US National Security Adviser Jake Sullivan. Merkel’s heir apparent, Armin Laschet, warned of the dangers of a new cold war against China. Taiwan recalls seven officials from Hong Kong due to “unreasonable political preconditions”. US extended its non-essential…

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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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