Economy

Economy News

Venezuela’s inflation hit 686.4% in 2021 – central bank

By Mayela Armas CARACAS (Reuters) – Venezuela’s annual inflation rate hit 686.4% in 2021, demonstrating a deceleration of consumer price growth versus the previous year when inflation was 2,959.8%, the.

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Biden calls Colorado’s most destructive wildfire ‘code red’ climate warning

By Jeff Mason LOUISVILLE, Colo. (Reuters) -U.S. President Joe Biden, visiting the scene of Colorado’s most destructive wildfire on record, said on Friday the rare winter blaze marked the latest.

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Economy News

Omicron exposes East-West divide on living with COVID

Asian economies are tightening borders and in-country restrictions despite evidence of variant’s milder impact. By John Power Hwaseong, South Korea – Omicron is exposing an East-West divide between governments determined to halt.

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Chinese national in US pleads guilty to stealing Monsanto secrets

Xiang Haitao faces a maximum of 15 years in prison for conspiracy to commit economic espionage. A Chinese national pleaded guilty on Thursday in Missouri federal court to conspiring to.

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Bitcoin hovers near more than 3-month lows after U.S. payrolls

By Tom Wilson LONDON (Reuters) -Bitcoin slumped as much as 5% on Friday to its lowest since late September, amid a broader sell-off for cryptocurrencies driven by concerns about tighter.

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Wall Street opens flat after soft jobs data

(Reuters) – Wall Street’s main indexes opened largely flat on Friday after data pointed to weaker-than-expected job growth, while a rise in wages fueled concerns about higher inflation. The Dow.

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Taiwan floats $200m fund to counter Chinese pressure on Lithuania

Offer comes as Baltic nation faces retaliation from Beijing for allowing representative office under the name of Taiwan. Taiwan pledged to establish a $200 million fund to invest in Lithuania.

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German inflation eases in December for the first time in six months

By Michael Nienaber and Klaus Lauer BERLIN (Reuters) -German annual inflation slowed in December for the first time in six months, but remained well above the European Central Bank’s price.

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Wall St falls as tech stocks weaken on hawkish Fed minutes; cyclicals rise

By Devik Jain (Reuters) – Wall Street’s main indexes fell in choppy trading on Thursday after minutes from the Federal Reserve’s last meeting struck a hawkish note, pushing down shares.

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Economy News

Brazil’s 2022 Presidential Elections: What Investors Need to Know

by Leandro Manzoni Investing.com – Any outlook for investing in Brazil in 2022 has to take into account the October presidential elections and what the potential result may be.  Nine.

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