The European Central Bank has announced that it plans to create a new tool to tackle the risk of eurozone fragmentation, which is the new term for divergence among member states. They are adopting this tactic out of fears of a new European debt crisis that is inevitable. From the very beginning when the EU […]

ASIA: India has witnessed the sharpest rise among the Asian economies, with a six-position jump from 43rd to 37th rank on the annual World Competitiveness Index compiled by the Institute for Management Development, largely due to gains in economic performance. Japan’s Nikkei index fell for a third day on Tuesday amid risks to growth from […]

ASIA: The Japanese economy contracted in the first quarter, but at a slower pace than earlier estimated, the government data released  last Wednesday showed. The world’s third-largest economy contracted at an annual rate of 0.5 per cent, according to Cabinet Office data. That was smaller than the 1.0 per cent contraction in the preliminary estimate for […]

ASIA: Five global banks signed up as cornerstone members of the Alliance for Green Commercial Banks, a global green banking initiative established by the Hong Kong Monetary Authority (HKMA) and the World Bank’s International Finance Corporation (IFC). The five cornerstone banks are Bank of China (Hong Kong), Citigroup, Crédit Agricole CIB, HSBC, and Standard Chartered. […]

Inflation in the euro area reached a record high of 8.1% in May across the 19-member states. It is no longer possible for the European Central Bank (ECB) to release optimistic or neutral forecasts. The ECB now expects inflation to hover near 6.8% in 2022 before declining to 3.5% in 2023 and finally landing near […]

Governments are pulling off a major profound theft. They have been violating international law robbing individual Russians with no connection to Ukraine on the pretense that this will somehow put pressure on Putin to leave Ukraine. But the US has been funding the civil war against Russian-Ukrainians in the Donbas. Western Ukrainians simply hate Russians […]

ASIA: US Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden had asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump to combat the current high inflation. Biden has said he is considering removing some of the tariffs […]

ASIA:   The major Asian stock markets had a mixed day today:   NIKKEI 225 increased 290.34 points or 1.04% to 28,234.29   Shanghai increased 22.03 points or 0.68% to 3,263.79   Hang Seng increased 482.92 points or 2.24% to 22,014.59   ASX 200 increased 25.40 points or 0.36% to 7,121.10   Kospi decreased 0.19 […]

ASIA: China is moving to spur spending that was depressed by COVID curbs in some of its biggest cities, but piecemeal measures such as vouchers, subsidies for car buyers and digital yuan payments have been modest compared with other big global economies. Policymakers have instead stuck to their preferred approach to stimulus, which focuses on […]

The European Central Bank (ECB) has a major crisis beginning. The free markets always win, and the spreads on the interest rates among the member of the EU are widening for Greece and Italy. Fools are telling Lagarde to use stronger language to signal that divergences among the member states will not be allowed to […]