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January 28, 2022

economic

Biden, Kishida agree to boost security, economic cooperation amid rising concerns

Reuters
WASHINGTON/TOKYO, Jan 21 (Reuters) – U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida agreed in a virtual meeting on Friday to boost cooperation on pressing economic and security issues, including China, North Korea’s missiles and Russia’s threat to Ukraine. The online meeting, their first substantial talks since Kishida......

Yellen rebrands Biden economic agenda as ‘modern supply-side economics’

Reuters
U.S. Treasury Secretary Janet Yellen addresses the U.S. Conference of Mayors winter meeting in Washington, U.S. January 19, 2022. REUTERS/Jonathan Ernst Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Jan 21 (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday rebranded the Biden administration’s economic agenda as “modern supply-side......

Global energy transition to cause short-term economic pain -report

Reuters
Power-generating windmill turbines are seen behind a church in the village of Inchy-en-Artois, France, November 1, 2021. REUTERS/Pascal Rossignol Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Jan 20 (Reuters) – The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global......

Bank of Israel optimistic that Omicron won’t harm economic growth

Reuters
The Bank of Israel building is seen in Jerusalem June 16, 2020. Picture taken June 16, 2020. REUTERS/Ronen Zvulun/File Photo Register now for FREE unlimited access to Reuters.com Register JERUSALEM, Jan 17 (Reuters) – Israel’s central bank voiced cautious optimism that the Omicron wave sweeping the country would have no......

Jamie Dimon sees the best economic growth in decades, more than 4 Fed rate hikes this year

CNBC
CNBC – For more and to sign up click here Jamie Dimon said the U.S. is headed for the best economic growth in decades. “We’re going to have the best growth we’ve ever had this year, I think since maybe sometime after the Great Depression,” Dimon told CNBC’s Bertha Coombs......

Analysis: Is there a version of Biden’s economic plan Manchin can support?

CNN
USA TODAY – For more and to sign up click here “I guess not, Mr. President,” Grassley replied, concluding negotiations. Is Sen. Joe Manchin now reprising Grassley’s role on President Joe Biden’s Build Back Better plan? If so — if nothing can ultimately get the West Virginia Democrat to “yes”......

West African bloc imposes economic sanctions on Mali over election delay

Reuters
Leaders from the Economic Community of West African States (ECOWAS) attend an extraordinary summit to discuss a proposal by transitional authorities in Mali to delay elections and a return of the constitutional rule in Accra, Ghana January 9, 2022. Ange Servais Mahouena/Ivory Coast Presidential Press Service/Handout via REUTERS ACCRA, Jan......

US sanctions on Russia would impose ‘severe and overwhelming’ economic costs, officials say

CNN
USA TODAY – For more and to sign up click here The sanctions could have major impacts on Russian consumers, industrial operations and employment, the sources said, and would in some instances put Russia in the same restrictive group of countries for export control purposes as Cuba, Iran, North Korea,......

WHO says vaccine inequity undermines economic recovery: It’s ‘a killer of people and jobs’

CNBC
CNBC – For more and to sign up click here World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus speaks during a press conference on December 20, 2021 at the WHO headquarters in Geneva. Fabrice Coffrini | AFP | Getty Images The World Health Organization on Thursday warned the unequal distribution......

Goldman Sachs guidance on Build Back Better a bad economic call

NYPost
Charles Gasparino When Goldman Sachs talks, people usually ­listen because the smart guys often make good calls on markets — just not with forecasting Biden’s horrendous “Build Back Better” agenda. Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics –......

Inflation will be a crucial part of the GOP economic playbook in two huge Senate races next year

CNBC
CNBC – For more and to sign up click here The US Capitol building is seen fenced off as preparations are underway to build the stage at the Capitol building for the Inaguration on Monday, Nov. 9, 2020 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images......

World Economic Forum postpones Davos meeting on Covid uncertainty

CNBC
CNBC – For more and to sign up click here A logo sits on a window at the entrance hall of the Congress Center ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Monday, Jan. 20, 2020. Jason Alden | Bloomberg | Getty Images The annual January get-together......

Indian shares fall 3% as Omicron surge threatens global economic recovery

Reuters
A woman walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas/File Photo Register now for FREE unlimited access to Reuters.com Register BENGALURU, Dec 20 (Reuters) – Indian shares slumped on Monday to their lowest in nearly four months as raging Omicron infections threatened......

Turkish finance minister briefs banking sector on new economic model

Reuters
ISTANBUL, Dec 18 (Reuters) – Turkey’s Finance Minister Nureddin Nebati has briefed the country’s banking association, BDDK banking watchdog and state bank managers on the government’s new low-rates economic model, the association said on Saturday, after the lira currency sank to record lows. The lira fell beyond 17 to the......

Omicron Is an Economic Threat, but Inflation Is Worse, Central Bankers Say

New York Times
There is still a lot scientists do not know about Omicron. There is cautious optimism — but no certainty — about the effectiveness of vaccines against this fast-spreading variant of the coronavirus, and experts do not fully understand what it means for public health or the economy. But central banks......

Chamber president: Nebraska’s economic future ‘looks very promising’

USA TODAY – For more and to sign up click here David Beasley | The Center Square The Nebraska’s economy is projected to keep growing over the next three years, according to a forecast by the University of Nebraska, Lincoln and the Nebraska Business Forecast Council. “While inflation, and the......

Congress clears $2.5T debt limit increase, forestalling economic fallout

Politico
Politico.com – For more and to sign up click here The measure would increase the debt limit by $2.5 trillion, a sum expected to last into 2023 without the need for another vote to raise the borrowing cap. That would get Democrats through the midterm elections next year before having......

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