Three monetary policymakers contributed their remarks and statements about the labour market, inflation and interest rate policy in the United States ahead of the PCE data that is expected on Friday.Federal Reserve Bank of Atlanta President Raphael Bostic noted on Thursday during an interview with Fox Business that the Atlanta …
Read More »AstraZeneca’s Fresh Drug Updates Counteract Vaccine Impact
AstraZeneca is beating the odds this week. The COVID-19 vaccination is still controversial, but it doesn’t stop the company’s stock price rising. With the 1.3% increase today, the share price has recently surged over 8% within only five days, building on the enthusiasm from the strong Q1 results announced last …
Read More »GDP Preview: US Economy Likely Expanded at a Solid Pace
The awaited GDP data from the US is predicted by the Dow Jones consensus prediction to demonstrate that the economy grew steadily in the first three months of the year, with an annualized growth rate of 2.4% for Q1. This is slightly less than the 2.5% full-year growth rate from …
Read More »U.S. Q4 GDP Growth Revised Upward to 3.4%
The United States economy exhibited stronger-than-previously-reported growth in the fourth quarter of 2023, propelled by robust consumer spending and increased business investment in nonresidential structures, according to the latest data from the Commerce Department’s Bureau of Economic Analysis. Gross domestic product (GDP) expanded at an annualized rate of 3.4% in …
Read More »The British Prime Minister intends to support efforts to combat climate change with two billion dollars
British Prime Minister Rishi Sunak is set to announce a funding commitment of £1.6 billion (approximately $2 billion) during the United Nations Climate Change Conference (COP28) summit on Friday. The announcement aims to underscore the UK’s commitment to climate change mitigation efforts after easing some measures to achieve emission reduction …
Read More »UK Preliminary Services PMI returns to expansion with 50.5 in November
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) for November came in at 46.7, surpassing expectations of 45.0 and marking an improvement from October’s final print of 44.8. In addition, the Preliminary UK Services Business Activity Index showed significant progress, reaching a four-month high of 50.5 in …
Read More »Annual inflation in Britain slowed to 4.6% from levels of 6.7% in September
Annual inflation in Britain for October slowed by 4.6%, more than expected to slow by 4.8%, meaning it reached a two-year low last month. Inflation in Britain reached 6.7% during September and August. The Bank of England earlier this month left its benchmark interest rate unchanged at 5.25% after ending …
Read More »Britain targets the Russian gold and oil sectors with new sanctions
Britain on Wednesday imposed sanctions on 29 individuals and entities in Russia’s gold and oil sectors as part of its targeting of the Kremlin’s finances supporting the war in Ukraine. The sanctions include a UAE-based network that Britain says is responsible for funneling more than $300 million in gold revenues …
Read More »IMF cut growth forecasts for China, Eurozone
Despite the remarkable strength of the US economy, the International Monetary Fund has lowered its growth projections for China and the Eurozone, noting that overall global growth remains low and unequal. The IMF maintained its 3.0% prediction for global real GDP growth in 2023 but reduced its 3.0% prediction for …
Read More »Flight chaos to last for days after air traffic control fault
Britain’s Transport Secretary Mark Harper said it would take days to solve widespread flight disruption to and from the country after air traffic control systems suffered a technical problem. Authorities canceled more than 1,500 flights on Monday, one of the busiest days of the week in the country, after air …
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