GRAND FORKS – In an apparent signal that Grand Forks’ economy is rising from the depths of the pandemic, City Hall sales tax figures show rolling revenue totals are 13.6% higher than a year ago. The figure makes for a remarkable step toward economic normalcy, especially in light of concerns early in the pandemic that […]
South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg, file. REUTERS/Siphiwe Sibeko Register now for FREE unlimited access to Reuters.com Register JOHANNESBURG, Feb 4 (Reuters) – The South African rand weakened on Friday, eating into the week’s gains as the U.S. dollar was […]
That bleak jobs report the White House had been bracing for never arrived Friday. Instead, President Joe Biden got the pleasant surprise that the U.S. economy had powered through the omicron wave of the coronavirus and posted 467,000 new jobs in January — along with strong revisions to job gains in the two prior months. […]
By David Skilling* Just over two years ago, I relocated from one end of Eurasia (Singapore) to the other (the Netherlands). One reason for this move – after 11 fantastic years watching Asia and the world from Singapore – was to get a different perspective on global economic and political developments. And despite spending much […]
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U.S. Ambassador to NATO Julianne Smith said the U.S. and its allies are continuing to signal to Russia that they are ready to respond to an escalation, including by imposing “massive economic sanctions and consequences.” “We’re looking at all options,” she told CNBC’s Hadley Gamble on Thursday. In response to a question on whether sanctions […]
This is the third article in a series about lessons that can inform bitcoin’s replacement of the U.S. dollar. Read the first article in the series, on leaving the gold standard, here. And read the second, on dismantling fiat architecture, here. In part two of this series, we discussed the application of the Open Systems […]
BBC Radio Ulster said Paul Givan has written his resignation letter, which is expected to be made public later © Clodagh Kilcoyne/Reuters Northern Ireland’s first minister was reportedly poised to tender his resignation amid an intensifying row over checks on food and agricultural goods entering the region from Great Britain under post-Brexit trading rules. BBC […]
Hello. Today we start with a change of pace, looking at the economic lessons learned from a family game of Monopoly, then it’s on to policy bets in Japan and a looming wealth transfer for cashed-up Americans. Like many across the world, I dusted off the board games when those first Covid restrictions kept our family […]
Deputy Governor Masazumi Wakatabe says economy has yet to fully recover from pandemic. It is too soon for the Bank of Japan (BOJ) to tighten monetary policy as the economy has not fully emerged from the pandemic’s hit, Deputy Governor Masazumi Wakatabe said, dousing speculation that creeping inflation could prompt it to tweak yield targets. […]
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