economy•Aug 22 ’22 at 4:53 PM•Updated on 22 Aug ’22 at 17:52Author of the book: AP The euro fell slightly below the dollar today, hitting a two-decade low. The Euro has been depreciating against the US currency for the past few days. This development is associated with fears of a recession in Europe. Higher interest rates in the United States …
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Bloomberg: VW secures access to battery raw materials in Canada
Photo: ANP German automaker Volkswagen has signed a deal with Canada to access raw materials such as nickel, cobalt and lithium for battery production, insiders told Bloomberg News. German Chancellor Olaf Scholz, who is in Canada for energy talks, is expected to sign the deal during his visit. It’s not just easier access to raw materials for VW factories in …
Read More »The US has rejected Ukraine’s request for a total visa ban on Russians
Ukrainian President Volodymyr Zelensky first pushed for the visa ban, saying in an interview with the Washington Post earlier this month that Russians should “live in their own world until they change their philosophy.” Zelensky made another call a few weeks ago for EU countries to ban visas for Russian citizens, in order to prevent the bloc from becoming a …
Read More »The euro briefly re-values the dollar | Now
The euro was back on par with the dollar on Monday. The euro has been falling against the US currency for some time, and the currencies were flat before 10am. The dollar’s recent rise in value has been linked to fears of a recession in Europe. It is feared due to high inflation and gas shortages, among others. Higher interest …
Read More »Towards recession
Will business double down after recent data confirms fears of a runaway rise in euro-zone consumer prices? While European Central Bank board member Isabel Schnabel did not rule out a technical slowdown in the group of 19 countries in an interview with Reuters last week, the eurozone’s flash PMIs this week will keep recession risks under close watch. August data …
Read More »Businessman | Fed boss: Risk of recession in US due to interest rate hike
news Topical Rapid Federal Reserve rate hikes could send the U.S. economy into recession. Federal Reserve Chairman Jerome Powell admitted this in a hearing with members of the Senate. AP June 22, 2022 In the same conversation with members of Congress, Powell said a soft landing for the economy after rate hikes is a “big challenge.” At the same time, …
Read More »Conservative US states ban abortion after Supreme Court ruling, ‘not America as we know it’ | Abroad
With videoAfter nearly 50 years, the constitutional right to abortion is ending in the United States. The US Supreme Court has rejected the landmark decision in Roe v Wade. US President Biden calls it an ‘unfortunate mistake’. Missouri currently bans abortion. Foreign teachers June 24 2022 Latest update: 25-06-22, 07:24 That 1973 case gave women across the United States the …
Read More »Reuters: Musk wants to buy rival brain implant startup
Photo: ANP Billionaire Elon Musk has approached a competitor of his own startup, Neuraling, to buy it. This is reported by Reuters news agency based on insiders. Like Neuraling, Synchron is involved in brain implants that people can use to control computers. However, the company is close to FDA approval to allow its products to actually be implanted in patients. …
Read More »Trump is jeopardizing national security by flouting the rules I was already a US official
Supporters of former US President Donald Trump protested a recent FBI raid outside his home in Mar-a-Lago.Image by ANP / EPA The recent FBI raid on former US President Donald Trump at Mar-a-Lago is heartbreaking. Despite other criminal investigations and impeachment proceedings against previous presidents, this is the first time a presidential residence has been searched for possible violations of …
Read More »Weapons Russians are full of chips from Western countries
Despite Western boycotts, Russia continues to import chips from Western suppliers and use them for weapons systems such as missiles. Business is mostly done through middlemen. Three chipmakers will examine how their chips crossed the border and ended up in Russian weapons. Other chipmakers say their chips were shipped before the Russians invaded Ukraine. The news agency writes Reuters after …
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