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Amazon buys long-range cargo planes

Amazon.com Inc. used long-range Boeing Co. and Airbus SE is buying cargo planes. This is another indication of the e-commerce giant Amazon’s willingness to move products across borders. Sources noted that Amazon is in the market for refurbished cargo versions of the Boeing 777-300ER twin-engine passenger jets now in service and Airbus’ popular model, the …

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Austrian Chancellor accused of corruption resigns

Prime Minister Sebastian Kurz, who was investigated in Austria on charges of “bribery, corruption and abuse of trust”, resigned from his post. Kurz, who is also the Chairman of the centre-right Austrian People’s Party (ÖVP), said at the press conference that the current government’s partner, the Green Party, does not want to continue the coalition …

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2 more countries joined the caravan of tightening

The Central Bank of Chile surprised the markets by raising interest rates above expectations. The Central Bank of Chile, which increased the policy rate by 125 basis points from 1.50 percent to 2.75 percent, signaled that monetary incentives could be withdrawn more quickly with the rise in inflation expectations. With the last decision, the bank …

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Research organizations lower Germany’s growth forecast

Germany’s leading research institutions have lowered their 2021 joint growth forecast for Europe’s largest economy as supply problems delay the economic recovery. The decrease in the growth forecast from 3.7 percent to 2.4 percent reflects the continuous input shortages and the sharp increases in energy costs that have recently threatened the economic recovery all over …

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TSMC to build chip factory in Japan

Taiwan Semiconductor Manufacturing Company (TSMC) said it will establish a factory in Japan and will begin production in the country by 2024 at the latest. The company’s CEO, CC Wei, said that despite TSMC’s support from the Japanese government, its plan to build a factory is still awaiting board approval. The Japanese government has said …

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BoE/Saunders: Market right in fast tightening pricing

Directions for tightening continue to come from the Bank of England. Bank of England Monetary Policy Member Michael Saunders stated that as inflation accelerates, markets are right to price an interest rate hike earlier than expected. In his statement to the Telegraph newspaper, Saunders pointed out that inflation could be permanent due to capacity pressures …

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Record streak in US producer prices continued

While the producer price index in the USA rose 0.5 percent in September compared to the previous month, the last annual increase in demand was 8.6 percent. The median expectation of economists participating in the Bloomberg survey was 8.6 percent year on year and 0.6 percent monthly increase. The rise in services was only 0.2 …

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Supply crisis statement from the British Finance Minister

Sunak made an evaluation to the British broadcaster BBC. “We are doing everything we can to alleviate some of the current challenges,” Sunak said, adding that all cabinet ministers are doing their best to resolve the country’s deepening supply chain crisis. Pointing out that the problems experienced in the country are also a reflection of …

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Taiwan wants status quo maintained with China

Taiwan’s leader Tsai Ing-wen criticized China’s growing pressure, saying, “We will do our best to prevent the status quo from being changed unilaterally.” said. Speaking at a national parade, Tsai stated that they unequivocally reject China’s military repression. “We will do our best to prevent the status quo from being changed unilaterally,” Tsai Ing-wen said. …