Economy

Print $1 trillion in platinum currency, pay skyrocketing interest on super cheap debt, or let the central bank pull the coal out of the fire. This is how the US government can deal with a stupid and self-inflicted debt crisis. Don BalajirMay 27, 202308:00 It sounds crazy to say that America will not succeed in raising its debt ceiling in …

Door onze economieredactie 27 mei 2023 om 14:26Update: 3 uur geleden Passengers arriving at airports in the UK on Saturday faced long queues due to a glitch in electronic passport control. Problems with e-gates at London’s Heathrow and Gatwick airports and Manchester airport began on Friday evening, the BBC reported. With the long Whitsun weekend, it’s very busy at British …

news Topical The International Monetary Fund (IMF) has slightly raised its growth forecast for the US economy this year. However, UN experts point out that interest rates in the US need to be higher to control inflation. The fund is urging Democrats and Republicans in Washington to quickly reach an agreement on the U.S. government’s debt ceiling. AP May 26, …

26 mei 2023 om 23:05Update: 3 uur geleden Unless there is political agreement on raising the US government’s debt ceiling, the US is unlikely to run out of money until June 5. Treasury Secretary Janet Yellen made that assessment on Friday. June 5 is later than previously predicted. Yellen’s message gives Republicans and Democrats in Congress some more time to …

Beijing said some offshore users of an official Chinese website containing economic and population data on Taiwan and Fujian province had their access blocked and “urgent measures” were taken to deal with the cyber attack. More than half a dozen users aware of the matter said some users outside the mainland were unable to access the Fujian Bureau of Statistics …

economy•26 May ’23 at 09:25Author of the book: PNR Web Editor Rabobank researchers regret coining term ‘grabbing inflation’ In a recent study, researchers sought to determine whether firms use high inflation to boost profits. The term ‘Graaiflation’ was also used. Researcher Hugo Ergen regrets it later, he tells FD. Ergon says the choice is correct for ‘recognition’ in the debate …

European shares steadied on Thursday after their worst two-day sell-off since March as investors balanced concerns over the U.S. debt ceiling impasse and a global economic slowdown. The pan-European STOXX 600 index was flat at 0707 GMT after losing about 2.5% over the past two days, amid a sell-off in luxury stocks and little progress in talks to raise the …

Top US State Department official Rick Waters will step down from his post, four sources familiar with the matter told Reuters at a time of strained relations between Washington and Beijing. Waters, the deputy assistant secretary for China and Taiwan who heads the newly created China House policy department, announced his intention to step down at a staff meeting on …

President Joe Biden told G7 leaders that the United States will support a coordinated effort with allies and partners to train Ukrainian pilots in the use of fighter jets, including the F-16. The White House confirms this after earlier reports on the matter appeared in the US media. The exercise is expected to take place entirely in Europe. However, U.S. …

President Joe Biden told G7 leaders that the United States will support a coordinated effort with allies and partners to train Ukrainian pilots in the use of fighter jets, including the F-16. The White House confirms this after earlier reports on the matter appeared in the US media. The exercise is expected to take place entirely in Europe. However, U.S. …