Olivier Blanchard, Peterson Institute for International Economics Senior Fellow and former IMF Economic Counsellor and Director of Research, explains scenarios where he thinks US policymakers may need higher unemployment in the “last mile” of its inflation fight. He speaks with David Ingles on “Bloomberg: The China Show” from the sidelines of the UBS Asian Investment…
Federal Reserve Bank of Cleveland President Loretta Mester said the US central bank should consider ways to better communicate to the public how economic conditions will affect future policy decisions. from Bloomberg Markets https://ift.tt/ELZqiHg
[PRESS RELEASE – Hong Kong, Hong Kong, May 28th, 2024] Term Structure, a non-custodial fixed-income protocol that provides fixed rates, fixed terms, and peer-to-peer borrowing and lending on Ethereum, is excited to announce significant updates and upcoming features as it gears up for the upcoming Mainnet launch. These developments demonstrate Term Structure’s commitment to revolutionizing…
According to the Institute of International Finance, the world is $315 trillion in debt. This combines borrowings from households, businesses and governments. With global debt at a record high, should we be concerned? https://www.cnbc.com/video/2024/05/28/how-the-world-got-into-315-trillion-of-debt.html
The surge in Russian traffic to global cryptocurrency exchange platforms in the last two quarters has prompted officials to issue a warning about the risk of Western sanctions. According to a central bank study, Russian traffic to some of the largest crypto exchanges increased by 16.4%, reaching 104.6 million visits. Russian Share of Global Traffic…
The Japanese automaker plans to develop new engines tailored to electrification as part of efforts to cut carbon emissions. https://www.wsj.com/articles/toyota-plans-to-develop-smaller-engines-compatible-with-carbon-neutral-fuels-88f46b8c
Israel’s Netanyahu called the deaths of civilians in an airstrike in the southern Gaza city of Rafah a “tragic mistake,” pledging an investigation as international condemnation mounted against the attack that Palestinian officials said killed dozens. https://www.wsj.com/world/middle-east/dozens-killed-in-israeli-airstrike-on-rafah-0a0a4877
China is expanding its naval bases on the tropical island of Hainan in the South China Sea. Defense analysts say the upgrades point to Beijing’s preparations for a possible conflict over Taiwan. https://www.wsj.com/articles/this-chinese-island-reveals-how-beijing-plans-to-challenge-the-u-s-navy-123c0f1a
Newsroom staff at Slovakia’s most-watched private broadcaster accused the outlet of caving to political pressure as tension over media independence in the country intensified in the aftermath of the assassination attempt on Prime Minister Robert Fico. from Bloomberg Politics https://ift.tt/NMatoT8
Gilts and the pound are relaxed about the prospect of Keir Starmer becoming prime minister. from Bloomberg Politics https://ift.tt/6BnkCNl