Shorts – Summaries

The Day Today 10th June 2021

Biden revokes Trump’s TikTok and WeChat bans but sets up a security review Top US and Chinese commerce officials agreed to promote a healthy dialogue about differences Senator Warren wants more crypto regulation as it’s the “wild west” President Biden thinks the UK’s stance regarding the Protocol on Ireland/Northern Ireland is “inflaming” tensions, but they…

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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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