USA and the European Union (EU) agreed this Friday to begin negotiating a trade agreement on minerals to favor European companies that manufacture electric vehicles and establish a “transparent dialogue” on subsidies for green energy. This was announced in statements to the press by the President of the European Commission (EC), Ursula von der Leyen, […]
Tag: USA
Ten keys to enjoy the Oscars and forget Will Smith’s slap
The Oscar celebrate their 95th edition at the Dolby Theater in The Angels this Sunday and, although many still remember Will Smith’s famous slap in the face, there are plenty of reasons to think that the Hollywood Academy has turned the page and that this installment will shine by itself. These are the ten keys […]
SVB’s problems are a symptom of the end of the era of cheap money
The era of cheap money has come to an end and its impact has been felt in global markets, which have yet to see the end of the steepest interest rate hike cycle in decades. The risks became apparent this week as US technology lender Silicon Valley Bank scrambled to seek fresh capital, sending bank […]
Is the fear of inflation over? For and against rigid inflation
Two years after inflation began its rapid rise, investors, economists and policymakers remain divided on the path forward. Yes, headline inflation in major developed economies has receded from multi-decade highs, the inflationary impulses of COVID-19, such as the skyrocketing prices of used cars and semiconductors, are fading, and the gas crisis in Europe has subsided. […]
America’s drug overdose epidemic worsens
The cases of overdose and deaths due to the consumption of synthetic opioids increased by 202 in USA and Canadaaccording to the alert UN in a report published this Thursday in Vienna. “The North American drug overdose epidemic worsened in 2022 due to increased production and trafficking of synthetic opioids, especially illicit fentanyl.”, points out […]
They fear inflation and high yields will turn US equities into “dead money”
The renewed hard-line stance of the Federal Reserve is prompting investors to consider how an interest rate regime could affect US equities “higher for longer”. Some believe that a long road awaits them. Although stocks have risen in periods when rates hovered around current levels, some investors worry that the combination of high bond yields […]
Biden proposes raising taxes on the rich in a budget plan with campaign airs
With social promises and tax increases for the rich, the budget project presented this Thursday by Joe Biden he has the 2024 election in his sights, but his most forceful measures have little chance of getting a green light in Congress. “My budget reflects what we can do to ease the burden on hardworking Americans,” […]
Jury finds ex-Fox executive and company guilty in FIFA scandal
A federal jury in NY found guilty today a former executive of 21st Century Fox and a Uruguayan sports marketing company involved in electronic fraud and money laundering, in a scheme to bribe executives of the highest bodies of the FIFA to obtain rights to broadcast the matches. The jury returned its verdict against a […]
Biden proposes raising taxes on the rich in campaign-scented budget bill
“Help working families” and upload the tax the rich is what is included in the proposed budget that Joe Biden presents this Thursday, with the 2024 election in the crosshairs, but his most forceful measures have little chance of getting the green light in Congress. “The 2024 budget plan foresees reducing the fiscal deficit forecast […]
Scientists discover an “unprecedented” increase in plastic in the oceans
The plastic concentration in the oceans has experienced a “unprecedented increase” from the year 2005 until reaching an approximate current level of more than 2 million tons, according to a study published this Wednesday in the academic journal PLOS ONE. “Starting in 2005, there was a rapid and consistent increase in the abundance of plastic. […]