Shorts – Summaries

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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The Day Today 3rd June 2021

Fed Harker said “it may be time to at least think about tapering”. Biden to amend US ban on investments in companies linked to China’s military. Fed Beige Book showed US economic activity “expanded at…a somewhat faster rate than the prior reporting period” and “price pressures increased further”. Fed will soon sell the corporate bonds and ETFs amassed last year through the emergency Covid-19 vehicle. Australia Trade surplus…

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The Day Today 2nd June 2021

Fed Brainard: “attentive to risk on both sides”… “sharp temporary [price] increases….seem unlikely to leave an imprint”… “[employment[ shortfall is over 10 million jobs if we take into account the secular job growth that would have occurred over the past year”. WHO approves second Chinese vaccine, Sinovac. Amazon opens up potential lawsuits against Alexa for…

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The Day Today 1st June 2021

UK Vaccine passport plans for large events to be dropped Malawi destroys 20,000 AZ vaccines past their use-by date, even as the Serum Institute extended their shelf life by 3 months, over fears it would dent confidence and the President unwilling to be a “dumping ground” for expired doses Private equity groups diverge on old…

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