Creeping Inflation

Bankruptcies Halved But Fears of Rise of “Zombie” Businesses – Daily Business

Bankruptcies declined thanks to government support Business failures across the UK have been cut by more than half in the first six months of 2021, as government COVID-19 support measures have helped businesses navigate their way through the pandemic . However, this support can also support “zombie” businesses that would …

Read More »

Navigating Dangerous Legal Waters | Above the law

The US economy is, not to be too technical, in a strange place. A number of traditional economic indicators all point in the direction of continued bullish growth. Others are bearish or downright scary. If you’re looking for good news, consider the Dow Jones is up over 13% year-to-date, while …

Read More »

Bank of Israel keeps rates unchanged, says COVID still poses “risk” to economy

The Bank of Israel said on Monday it was leaving its key rate unchanged at a record 0.1%, saying the central bank would continue to conduct “very accommodative monetary policy” for an extended period. The Bank of Israel has also released updates to its macroeconomic forecasts for 2021 and 2022, …

Read More »

Nigeria: Families struggle to survive as food prices soar

Nigerian nutritionist Emiolo Ogunsola stands in front of a dozen new mothers at a public hospital in Lagos, listing the basic foods they need to properly feed their children: eggs, vegetables and beans among them. His pitch is abruptly interrupted. For listening mothers, even the essentials are increasingly beyond their …

Read More »

5 smart money moves before the Fed starts raising interest rates again

5 smart money moves before the Fed starts raising interest rates again Federal Reserve Chairman Jerome Powell (pictured) and his colleagues have said the central bank will keep its benchmark interest rate close to zero for now, despite the gains the US economy has made in recent months. But rates …

Read More »

OPEC + Seeks Consensus on Oil Production Policy After UAE Roadblock, Energy News, ET EnergyWorld

LONDON / DUBAI / MOSCOW, – OPEC + resumes talks on increasing oil production on Friday after the United Arab Emirates blocked a deal the day before, creating a deadlock that could delay plans to pump more oil until ‘at the end of the year to cool down prices which …

Read More »

Ford, Micron, Didi and Walgreens: 5 things to know

Here are five things you need to know for Thursday, July 1: 1. – Stock Futures Flicker As S&P 500 Closes Strong First Half Equity futures wobbled Thursday as Wall Street entered the third quarter ahead of the release of the US jobs report for indications of the economy recovering. …

Read More »

ASX avoids COVID gloom to cap record year

Mining and Telstra helped support the index, while big banks and CSL biotech lost some heat. The session closed a ninth consecutive monthly gain for the stock market, with 11 of the past 12 months ending higher as investors continue to invest in stocks, supported by an unprecedented river of …

Read More »

Bank burden – the Hindu BusinessLine

The Centre’s credit surge towards the economy with an eye on the informal sector did not come too late. It is a tacit recognition that large swathes of the working class have been affected by the second wave of the pandemic and may need additional support beyond food and cash …

Read More »