Chancellor Olaf Scholz said during a visit to Beijing that China and the European Union were working toward approval of each other’s pandemic vaccines.
Category: Economic Conditions and Trends
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Germany’s Leader Seeks Accord With China on Covid Vaccines
The New York Times – Business: -
Bank of England Is Set to Raise Rates After U.K. Political Turmoil
The New York Times – Business:An increase of three-quarters of a point is expected as the central bank meets on Thursday for the first time since Liz Truss resigned as prime minister.
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Eurozone Inflation Reaches 10.7 Percent as Economies Slow Down
The New York Times – Business:The rise in consumer prices hit another record in October, with more than half of the countries that use the euro registering double-digit increases.
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Inflation, GDP and the Economy: What We Learned This Week
The New York Times – Business:Fresh data on inflation and growth, and actions by policymakers , created a complex picture of the global economy.
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With Recession Looming, Big European Economies Still Show Some Growth
The New York Times – Business:Germany surprised economists by expanding in the third quarter, but the French and Spanish economies both slowed down.
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As inflation bites, Japan says it will help with electricity bills.
The New York Times – Business:Japan is the latest country to turn to enormous fiscal relief as it seeks to reduce the impact of geopolitical instability and rampant inflation.
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Chip Makers, Once in High Demand, Confront Sudden Challenges
The New York Times – Business:Demand for semiconductors was off the charts last year. But a sharp slowdown coupled with new U.S. restrictions against China have created obstacles.
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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The New York Times – Business:The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
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Republicans Denounce Inflation, but Few Economists Expect Their Plans to Help
The New York Times – Business:Proposed tax and spending cuts by the G.O.P., which is making a push to take back Congress, are unlikely to bring down rapidly rising prices any time soon.
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China G.D.P. Data Is Unexpectedly Released After Delay
The New York Times – Business:China said its output was up 3.9 percent from July through September, better than in the spring but still far short of Beijing’s target for the year.
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As Britain’s Economy Stumbles, One Sector Is Booming: Whisky
The New York Times – Business:Scotch whisky exports have soared this year. The weak British pound could spur even more demand for single malt scotch.