As we reported in the Geopolitical section of this Trends Journal, as evidenced by last week’s meeting with U.S....
Tag Archive for: mar 23 2021
BRITISH AIRWAYS MAY SELL ITS HOME OFFICE
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, mar 23 2021, 2The U.K.’s flagship air carrier may sell its nine-building campus abutting London’s Heathrow Airport, the company has said. The...
TURKEY’S CENTRAL BANK GOVERNOR FIRED AFTER RATE HIKE
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, mar 23 2021, 1Two days after Turkey’s central bank raised a benchmark interest rate, Recip Erdogan, the country’s president, fired Naci Agbal,...
Last week, Brazil became the world’s biggest economy to raise its benchmark interest rate. The country’s central bank boosted...
In a surprise move, Russia’s central bank raised its benchmark interest rate from 4.25 to 4.5 percent, the first...
BANK OF JAPAN BROADENS STIMULUS APPROACH
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, mar 23 2021, 0Japan's central bank has expanded its acceptable range for bond yields from 2 percent on either side of zero...
CANADIAN PACIFIC RAILWAY TO BUY MAJOR U.S. FREIGHT CARRIER
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, mar 23 2021, 1Calgary-based Canadian Pacific Railway (CP) will buy the Kansas City Southern railroad for $28.9 billion in cash and stock,...
TWO CANADIAN TELECOM GIANTS PLAN MERGER
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, mar 23 2021, 1Rogers Communications Inc., with 10.9 million customers for its wireless, cable TV, phone, and Internet services, announced plans to...
Global gasoline demand has peaked and will never return to its 2019 levels, the International Energy Agency (IEA) said...
CHIP SHORTAGE HAMPERS GLOBAL MANUFACTURING
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, mar 23 2021, 2A worsening worldwide shortage of computer chips is hampering the production of everything from cars to PlayStations, according to...
Extended Stay America, a mid-price hotel chain providing long-term guests with kitchens and more space than usual hotel rooms,...
Google will spend $7 billion to expand its office space and data centers this year, including a $1-billion investment...
NYC EMPLOYERS: LESS RENT, WORK FROM HOME
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, mar 23 2021, 0As the economy slowly recovers, Manhattan will permanently see fewer office workers coming into the city, a survey completed...
DIGITAL AND PAPER MONEY MUST COEXIST, POWELL SAYS
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, mar 23 2021, 7Any digital currency a central bank creates “needs to coexist with cash and other types of money in a...
The copper that makes up electrical wiring and plumbing pipe costs a third more now than it did in...
LOCKDOWNS COST U.S. $1.1 TRILLION IN LOST TRAVEL INCOME
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, mar 23 2021, 4From airlines and restaurants to casinos and tourist attractions, 2020’s economic shutdown sucked $1.1 trillion in travel-related spending out...
Last Wednesday, the U.S. Federal Reserve declared it will not raise interest rates or stop buying $120 billion a...
President Biden is mulling a proposal to raise taxes, Bloomberg has reported. Among the steps being considered: For those...
Another 770,000 workers filed new claims for unemployment benefits during the week ending 13 March, the U.S. Labor Department...
The U.S. dollar has had an unexpected rally and continued strength this year. Its value shrank against other major...