ECONOMY

Yellen Acknowledging that the Fed May have to Raise Rates

Yellen acknowledges that the Fed may have to act to avoid overheating. US Treasury Secretary Janet Yellen admitted Tuesday that interest rates may have to rise to control the burgeoning…

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Asian Development Bank Released Estimate About India’s GDP

According to the Asian Development Bank-ADB, India’s economy, meanwhile, is expected to grow 11 percent in fiscal year (FY) 2021 amid a strong vaccine drive, which will end on 31…

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Germany Resorts to More Cuts in Car Prices to Drive Sales

The percentage of discounts offered on the purchase of new cars in Germany increased, after the poor start of the car market at the beginning of the second quarter of…

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Janet Yellen: Biden’s Economic Plan is Unlikely to Cause Inflationary Pressure

Yellen: Biden’s economic plan will not stimulate inflation US Treasury Secretary Janet Yellen said that Biden’s economic plan is unlikely to cause inflationary pressure, because the boost to demand will…

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The Spanish GDP Fell by 0.5% Between January and March

The Spanish economy contracted again in the first quarter of the year after the Gross Domestic Product (GDP) fell by 0.5% between January and March with respect to the data…

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GM Announces Investment of more than $1 Billion to Produce Electric Vehicles in Mexico

General Motors of the United States announced on Thursday (29th) that it will invest more than US$1 billion in the production of electric vehicles in Mexico. “CNBC” reported that GM…

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Facebook’s First Quarter Earnings Beat Wxpectations

Facebook’s first quarter earnings beat expectations, and it is predicted that this quarter will be affected by iOS updates. The stock price soars by 7% before the market. Social media…

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The Federal Reserve (Fed) Announced its Interest Rate Decision

The Federal Reserve Bank of America (Fed) announced its interest rate decision,as expected by the market. Fed Chairman Bauer said at a press conference half an hour after the decision-making…

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U.S. Stocks Closed Slightly after the Fed Announced the Maintenance of the Ultra-Low Interest Rate Policy

The Federal Reserve Board (Fed) announced today that it will maintain the benchmark interest rate close to zero, while maintaining the current scale of debt purchases, and there is no…

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DAX Companies Want to Forego Business Trips Permanently

A survey shows: Germany‘s major corporations want to significantly reduce the number of business trips even after the end of the pandemic. This does not necessarily apply to medium-sized companies….

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Total Confirms the Suspension of its Project in Mozambique

The $ 20 billion investment gas project was halted following a jihadist attack in April claimed by ISIS. The French group Total confirmed on Monday the suspension of its gigantic…

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Slight Drop in Unemployment in the First Quarter in France

The number of unemployed (category A) fell slightly by 0.4% in the first quarter in France (excluding Mayotte), or 14,500 registered less, to 3.801 million, the Ministry of Labor announced…

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