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Germany postpones reopening amid rising Covid-19 cases

Germany postpones reopening amid rising Covid-19 cases

Europe’s most powerful economy remains shut down. The German authorities believe that it is still too early to reopen the economy as the current conditions are extremely unfavorable. “There is not a time for opening. This is the time for being very tough, for keeping infection rates down,” German Finance Minister Olaf Scholz said.
18:06 2021-04-21 UTC+00
China stockpiles copper triggering its meteoric rally

China stockpiles copper triggering its meteoric rally

The growing demand for copper can be compared to one for bitcoin. Additionally, its recent rally may push the price to new heights in the very foreseeable future.      Currently, many countries are increasing their copper production or reserves.
13:42 2021-04-21 UTC+00
US lags behind China in digital currency development

US lags behind China in digital currency development

The United States still has a leading position in the global tech market. However, China’s rise as a global technology power presents a challenge to US supremacy. Thus, Beijing has clearly edged out Washington in the development of a digital currency.In this regard, China is still holding on to its lead, and the United States will hardly be able to overtake it in the near future.
12:55 2021-04-21 UTC+00
Jerome Powell: US economy reaches inflection point

Jerome Powell: US economy reaches inflection point

Fed’s Chair Jerome Powell supposes that the US economy is at an "inflection point".  The Federal Reserve Chair expressed this opinion during the interview with CBS, answering questions about possible threats to the national economy.Jerome Powell thinks that the current situation was caused by a rapid vaccination rollout and measures aimed at strong fiscal and monetary policy support.
06:18 2021-04-21 UTC+00
Janet Yellen proposes tax hikes to pay for stimulus plan

Janet Yellen proposes tax hikes to pay for stimulus plan

The US government decided to resort to a proven method of increasing the country’s budget, that is, a good old tax hike. Thus, US Treasury Secretary Janet Yellen suggested a substantial overhaul of the US corporate taxation system. According to preliminary estimates, the combination of two different taxation schemes on local and global scales will help raise about $2.7 trillion.
17:41 2021-04-20 UTC+00
Schiff Gold: Russia paves way to global de-dollarization

Schiff Gold: Russia paves way to global de-dollarization

Curiously enough, Moscow is prone to label highly-reputable Western news agencies as crooked mass media. The Financial Times or The Washington Post with their teams of recognized experts are allegedly dancing to the tune of authorities. The reason is obvious.
15:34 2021-04-20 UTC+00
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