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Economy
Omicron wreaks havoc on NYC, causes crippling staff shortages
Omicron is shaking the Big Apple to its core thanks to crippling staffing shortages caused by the raging COVID-19 variant.
Between vital transportation and emergency services, retailers and schools, workers…
Exclusive: BOJ debates messaging on eventual rate hike as inflation perks up
BOJ phasing out QE, next move would be to raise ratesRate hike hardly imminent with inflation below targetBut BOJ starting to drop hints of future end to zero ratesGuidance allows BOJ to hike rates before inflation hits 2%TOKYO, Jan 14…
American highways ripped apart city neighborhoods. A $1 billion plan wants to do better |
Washington, DC
CNN
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The Department of Transportation announced Thursday that it will soon fund up to $1 billion in projects to reconnect city neighborhoods…
‘Everything is gone’: Russian business hit hard by tech sanctions
Russian companies have been plunged into a technological crisis by western sanctions that have created severe bottlenecks in the supply of semiconductors, electrical equipment and the hardware needed to power the nation’s data…
Fed decision, inflation data, FedEx and Rivian earnings top week ahead
Ticker Security Last Change Change % RIVN RIVIAN AUTOMOTIVE INC. 114.66 -0.74 -0.64%AMZN AMAZON.COM INC. 3,444.24 -39.18 -1.12% Finishing out the week for economic data will be building permits, housing starts, initial and continuing…
Germans may have to ration hot water if Russia cuts off gas supply
Kissinger Associates vice chairman reacts to Biden blaming Russia for rising inflation and gas prices on 'The Claman Countdown.' Germany is hunkering down for the possibility of Russia cutting off natural gas supplies, and some…
Food shortages hitting Britons more than many in EU, poll finds
Britons are many times more likely to have experienced shortages of food and fuel than people in half a dozen EU member states, according to a poll.Global supply chain problems prompted by the pandemic have disrupted the international…
Naira drops to record low amid new year uncertainties | The Guardian Nigeria News –
• Trade at a wide swing as illiquidity rises• Official rate closed at N435/$ in 2021 to narrow trading differential• Naira maintains 460/$ in black market• ABCON seeks de-risking to access FX from…
Britain’s stalling economy blamed on inflation and product shortages
Britain’s economic recovery stalled before the arrival of the Omicron variant of Covid and the dampening effect of the government’s plan B restrictions on consumer spending in the Christmas shopping period, a wide-ranging company survey…
World Bank Slashes China Economic Growth Forecasts, Suggests New Free Market Reforms |
The World Bank decreased its growth forecasts for China’s economy.In its most recent China Economic Update, the international financial institution predicted that China’s economy will expand by 8% in 2021 before slowing to 5.1% in 2022.…