Shorts – Summaries

The Day Today 20th February 2024

The US circulated a draft UN Security Council resolution warning Israel against a “major ground offensive” into Rafah. China cut a key mortgage reference rate, they slashed the five year loan prime rate by 25bp to 3.95%. China’s coastguard boarded a Taiwanese tourist vessel in a rare inspection. Thailand’s PM asked the central bank to…

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The Day Today 19th February 2024

US says it will take action if China tries to dump goods on the international market. Chinese premier Li Qiang called for “pragmatic and forceful” action to boost the nation’s confidence in the economy. UK authorities are investigating reports a UK registered cargo ship had come “under attack” off the coast of Yemen. German defence…

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The Day Today 16th February 2024

The White House has received “troubling” intelligence that Russia is developing advanced “anti-satellite capability”. President of the EU Ursula von der Leyen said of defence “we have to spend more, we have to spend better, we have to spend European” as the “world has got rougher”. The Telegraph reported that Jeremy Hunt has shelved plans…

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The Day Today 15th February 2024

UK fell into technical recession with contraction of 0.3% in Q4 against expectations of shrinking by 0.1%. Japan unexpectedly slipped into recession and lost its spot as the world’s third largest economy to Germany. Cisco announced it would lay off 5% of its workforce. Indonesia defence minister Prabowo won the Presidential Election, provisional results showed….

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The Day Today 14th February 2024

The US House of Representatives has voted to impeach Homeland Security Secretary Alejandro Mayorkas, the first cabinet member to face impeachment in nearly 150 years, Republicans blame him for an influx of migrants. ECB Philip Lane said “we think the next move is to cut rates, but the exact timing depends on the data”. UK…

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