Shorts – Summaries

The Day Today 9th June 2021

US Senate passed a $250bn bill to boost government spending on technology R&D in a bid to address China tech threat Biden’s talks with leading Republicans on a sweeping infrastructure spending package collapsed now he will focus on a bipartisan group China CPI 1.3% y/y vs f/c 1.6%, PPI 9% vs f/c 8.5% (see comment…

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The Day Today 8th June 2021

Just 25,000 votes currently separate the candidates in Peru Presidential election with leftist Castillo edging into the lead. Bosch opens new 1bn EUR semiconductor factory in Dresden; board member tells carmakers just-in-time demand for semiconductor chips must end. UK tech companies urge government to do more to boost digital skills. Boris, Rishi and BOE Bailey…

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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…

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The Economist: Finance and economics article summarised

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 better facilities, e.g. air filtration facilities, are the only ones with any real demand. Forecasts are gloomy for occupancy rates, yet prices have not reacted that much. Stimulus…

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The Day Today 4th June 2021

Biden floats idea of 15% minimum tax on US corporations to garner bipartisan support. Joe Biden will speak at 2:15pm today on the NFP release, he did this last month after a poor number. Fauci urges China to release medical records of Wuhan lab workers. British travel plans had to readjust after Portugal was taken…

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