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Bloomberg (June 21)

2022/ 06/ 22 by jd in Global News

“The Development Bank Of Japan, which has supported companies with funding during the pandemic, is gearing up to boost sustainable financing.” With over $40 billion earmarked for sustainable purposes, the Bank will take pains to “scrutinize the use of funds to ensure companies aren’t greenwashing.”

 

Washington Post (June 20)

2022/ 06/ 21 by jd in Global News

“A punishing early-season heat wave… tormented large swaths of Europe over the weekend,” setting hundreds of record highs. “Temperatures between 104 and 110 degrees (40 to 43 Celsius) were common from Spain to Germany,” but France was hit hardest by extreme temperatures that peaked on Saturday “when more than a dozen all-time records were set.”

 

Boston Globe (June 19)

2022/ 06/ 20 by jd in Global News

“Many firms are implementing hybrid plans that call for two or three days a week in-office, though few enforce them. And fully remote situations remain common.” Things will never return to fully in-office, but offices are likely to grow more enticing. Companies that signed big leases, “with years of big rent checks ahead of them,” are left trying to rethink “the role — and look — of the office in a post-COVID world.” They are “trying to design an office worth coming back to.”

 

Houston Chronicle (June 17)

2022/ 06/ 19 by jd in Global News

“U.S. mortgage rates had their biggest one-week jump in 35 years…. The 30-year rate climbed from 5.23% last week to 5.78% this week, the highest its been since November of 2008 during the housing crisis.” This is likely to accelerate the trend as higher borrowing rates have already been cooling the housing market. “Sales of previously occupied U.S. homes slowed for the third consecutive month in April as mortgage rates surged, driving up borrowing costs for would-be buyers as home prices soared.”

 

Investment Week (June 16)

2022/ 06/ 18 by jd in Global News

“The industry has labelled the Bank of England a ‘timid cat’ following its interest rate rise of 0.25% in its bid to tackle inflation on Thursday (16 May), with many stating it was simply prolonging the time till they take the necessary action.” Following the 25-basis-point hike, UK interest rates stand at 1.25%, with the BoE expecting inflation “to peak at 11% in October.”

 

Endgadget (June 16)

2022/ 06/ 18 by jd in Global News

“Microsoft has been sounding the death knell for Internet Explorer for months, but many businesses in Japan seemingly did not take heed. Almost half were said to still be using the browser, for which Microsoft ended support yesterday.” The heel dragging “on switching to other browsers” could “cause chaos for months.”

 

Wall Street Journal (June 16)

2022/ 06/ 17 by jd in Global News

The Federal Reserve Board’s 75-point increase “was supposed to signal shock and awe, and it was the Fed’s first move of that magnitude since 1994.” Though the Fed is “front-loading its rate increases,” it does not realize the need to “go all that high to beat inflation.” The current forecast calls for a fed-funds interest rate of only 3.4% by year end. “That means increases will taper off through the rest of the year, and the Fed predicts a peak of only 3.8% in 2023.”

 

Bloomberg (June 15)

2022/ 06/ 16 by jd in Global News

The Federal Reserve “must do more than raise rates by 75 points.” It needs to “regain control of the inflation narrative to avoid inflicting more economic damage and to restore its credibility.”

 

Reuters (June 13)

2022/ 06/ 15 by jd in Global News

Despite tensions with the North, things are “upbeat” in Seoul. “Compared to pre-pandemic times, the capital city feels richer and more vibrant. A recent boom in local stocks, cryptocurrencies and real estate have spurred the city’s elite, unable to travel, to flex their wealth at home…. Luxury sales topped $14 billion in 2021, making South Korea one of the few markets worldwide to surpass 2019 levels.”

 

New York Times (June 12)

2022/ 06/ 14 by jd in Global News

“Something truly terrible happened on Jan. 6, and confronting it is essential to healing our divided nation.” The hearings aren’t “simply about holding Mr. Trump, his allies and the flag-draped thugs storming the halls to account. The hearings challenge all Americans to recommit to the principles of democracy, ask how important those values are to us and face the threats posed to our democratic way of life.”

 

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