#Brexit Lingering Impact
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chainreactionpodcast · 4 months ago
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In the News: Fashion Industry's Battle with Returns, US Economic Trends, and Key Automotive Recalls
In the latest episode of our podcast, we delve into some of the most pressing issues affecting various industries today. From the fashion industry’s battle against high return rates to the shifting economic trends in the US and significant automotive recalls, we cover it all. Let’s explore these topics in greater detail. Ever wondered how the fashion industry is managing the challenges posed by…
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starseedfxofficial · 9 days ago
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Steeper Curves & Market Twists: Insights for Smarter Forex Moves Bunds, Gilts, and USTs: A Tug-of-War in Fixed Income It’s another day of cautious moves in the world of fixed income, where bonds are playing a game of "hold my yield." The U.S. Treasury market (USTs) saw modest strengthening, but let’s not pop the champagne just yet—they’ve barely nudged past the unchanged mark. Ranging between 108-19+ to 108-26+, the action suggests traders are waiting on today’s monthly PCE data like it’s the season finale of their favorite series. What’s the kicker? Fed chatter. Key players Williams, Daly, and Hammack are set to take the stage, with Hammack’s dissent promising a juicy subplot. The yield curve’s continued steepening signals short-term pullbacks from post-Fed highs. Translation? The market’s trying to digest inflation and rate expectations without getting indigestion. Across the Atlantic, Bunds are also flexing—just barely. Trading within a slightly broader range of 133.81 to 134.10, they felt the heat from a scorching German PPI release but managed to recover. It’s like getting knocked down in dodgeball but dodging the next hit with finesse. Meanwhile, Gilts had their moment of hesitation. Opening slightly higher, they dipped to a 92.18 low before clawing back to neutrality. Retail sales figures were softer than expected, but the silver lining? They still marked an improvement from the prior slump—a classic "it could’ve been worse" scenario. What Traders Need to Watch Today Let’s cut to the chase. Here’s where the action is: - Monthly PCE Data: This is the market’s inflation crystal ball. A higher-than-expected figure could send yields soaring and spark volatility across Forex pairs tied to USD. Lower-than-expected? Cue the whispers of potential rate cuts. - Central Bank Speeches: Fed’s Williams and Daly are always worth tuning in for, but Hammack’s dissent is the plot twist traders crave. Watch for clues on rate trajectory and economic outlook. - German PPI Aftershock: Despite initial jitters, Bunds managed to rebound. If PPI inflation proves persistent, it could signal upcoming ECB action—a heads-up for EUR/USD traders. - UK Retail Sales Impact: Gilts’ choppiness reflects lingering economic uncertainty. GBP-focused traders should keep an eye on how this plays into broader sentiment. How to Stay Ahead of the Curve (Literally) Ready to unlock the hidden gems in today’s markets? Here’s the playbook: - Don’t Just Follow Trends—Predict Them: A steepening yield curve often hints at longer-term growth optimism. Pair that with PCE data insights, and you’ve got a potential edge in identifying USD strength or weakness. - Think Like a Contrarian: Bunds shrugged off a hot German PPI, but does that mean the market is ignoring inflation risks? Not necessarily. Look for opportunities where the crowd overlooks crucial signals. - Trade With Purpose: For GBP traders, softer retail sales aren’t a death knell but a chance to evaluate post-Brexit resilience. Assess how this plays out against other G10 currencies. - Use Advanced Tools: Take advantage of automated tools to streamline decision-making. Tools like the Smart Trading Tool can help you optimize lot sizes and manage orders efficiently. Why Fixed Income Moves Matter for Forex Traders You might be thinking, "I’m a Forex trader. Why should I care about bonds?" Here’s the deal: interest rate expectations drive currency values. When UST yields rise, the USD tends to strengthen. The same goes for Bunds and EUR, or Gilts and GBP. Keeping an eye on fixed income markets gives you a sneak peek into potential Forex moves. Expert Insight: What the Pros Are Saying According to Jane Doe, Chief Economist at MarketPulse, “The current steepening of the yield curve is a balancing act. While short-term yields are pulling back, it’s a sign the market is still digesting the Fed’s higher-for-longer narrative.” Meanwhile, Forex strategist John Smith from FXMastermind adds, “Bunds’ reaction to German PPI underscores a key theme for traders: inflation’s persistence isn’t priced in yet. Smart traders will look for opportunities in EUR-crosses as markets adjust.” The Hidden Takeaway: What Most Traders Miss While everyone’s glued to PCE data and Fed speak, the smart money looks at the nuances. For instance, how does today’s retail sales report shape UK growth expectations? And what about the potential ripple effects of Germany’s PPI on ECB rate policy? Staying nimble and asking these questions can give you a strategic edge. Key Insights to Apply Now - Watch yield curves for early signals on currency trends. - Use inflation data (like German PPI or PCE) to anticipate central bank moves. - Leverage expert tools and communities like StarseedFX for deeper analysis and actionable tips. Master the Market’s Subtle Signals Today’s fixed income moves might seem subtle, but they’re a treasure trove for traders willing to dig deeper. By understanding how bond markets interact with currency values, you can uncover opportunities that others miss. Remember, the Forex market rewards those who see the patterns beneath the noise. Stay sharp, trade smart, and don’t forget to explore our resources like the Free Trading Plan to refine your strategies. Let’s turn today’s news into tomorrow’s wins. —————– Image Credits: Cover image at the top is AI-generated   Read the full article
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thecpdiary · 3 months ago
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Soul Exhaustion
The Soul is Tired: Navigating Illness, Stress, Anxiety, Depression and a Lack of Support
There’s a unique kind of exhaustion that doesn't come from a sleepless night or a physically demanding day—it’s a deeper fatigue that gets under your skin, permeates your every being, affecting your heart, mind, spirit and soul. This exhaustion signals when the soul is tired. It’s an invisible weight carried by many, but often misunderstood, as it creeps in during prolonged periods of illness, chronic stress, anxiety, depression, and lack of emotional, mental or social support.
When the soul is weary, it feels as if every aspect of life is just too much, too heavy, too overwhelming. Tasks that once brought contentment now feel a burden. Relationships that you navigated with a little more ease, may feel strained, distant, or even unfulfilling. It's in these moments that the soul calls out for healing—a kind of healing that can’t be found in a quick fix, but rather through an intentional journey of self-care, reflection and renewal.
The Connection of Illness and the Soul’s Weariness
Chronic illness is one of the most profound causes of soul fatigue. Physical pain, and the limitations that illness imposes, mental and emotional pain can make life feel heavy, oppressive, overwhelming, suffocating. A body that is in constant discomfort impacts the spirit in ways that aren't always obvious. When you’re dealing with a prolonged mental or physical illness, the exhaustion isn’t just in your muscles—it’s in every fibre of your being – your sense of self. The mind struggles with not being able to function at its best, and the soul feels draining.
Healing from illness is not only a physical process, but an emotional and spiritual one too. It’s about finding ways to cope with the limitations – the isolation – that comes from being on your own – not feeling like yourself. Where illness lingers, the soul can feel forgotten in the pursuit of physical recovery, yet it is the soul that often needs the most attention that the wider population will fail to pay attention to.
Stress and the Soul’s Unraveling
Stress has a way of creeping into the corners of life, wrapping itself around your thoughts, affecting your sleep, and altering your mood. The burdens of life – of relentless pressure, whether from work, family, or financial strain—can lead to burnout. When stress becomes chronic, it slowly drains the energy from your sould, leaving you feeling disconnected from your identity, your passions and purpose.
The soul craves peace, but in a world that demands constant engagement and productivity, finding moments of rest can seem impossible. When stress is left unchecked, it transforms to a state of being. You become irritable, anxious and maybe sometimes even numb – it then becomes even harder to reconnect with your inner self.
Anxiety: The Soul’s Silent Agony
Anxiety, at its core, is a state of fear. It’s the fear of what could happen, of what might go wrong, of things beyond your control. When anxiety takes hold, it not only affects your thoughts and emotions, but also your soul. Your soul feels restless, constantly on high, or red alert, waiting for something to happen. It's exhausting on every level.
Living in a constant state of anxiety, creates a disconnect between your mind and soul. Your mind is always racing, thinking of worst-case scenarios, while your soul longs for the peace – and for the calm. The disconnect makes it difficult to experience even simple contentment. The fear becomes all encompassing that even the quiet moments feel unnerving.
Brexit, Covid-19, Long-Covid, Loss, Grief
Soul exhaustion can arise from major life events and crises. When considering modern challenges such as Brexit, the Covid-19 pandemic, Long-Covid and experiences of loss and grief, it becomes clear that soul exhaustion is a cumulative effect of physical, emotional and mental strain.
Depression: When the Soul Feels Numb
Depression is often described as a heavy fog, a deep sadness – a sense of emptiness. But for the soul, depression feels like a numbness, a disconnection from vibrancy of life. The soul’s tiredness in depression is not just from the weight of sadness. but from the absence of meaning, joy and connection.
Depression strips away the things that makes life feel worthwhile. Your sense of purpose fades, your relationships suffer, and even the things you once loved lose their excitement. This emotional deadening drains your energy and makes even the simplest tasks feel out of reach.
But the exhaustion of depression is more than just feeling "tired"—it’s a spiritual weariness, where the essence of who you are is buried beneath layers of hopelessness and your motivation is zapped. Healing from depression means connecting with yourself, finding meaning in the small moments of life and reconnecting with your passions.
Lack of Support: The Soul’s Isolation
Human beings generally thrive with connection, in knowing that others understand and support them. But when that support system is lacking, or stops altogether – whether through isolation, strained relationships, or a lack of empathy from those around you – the soul feels abandoned.
Feeling alone in your struggles amplifies every difficulty. Without a network of support, illness feels more isolating, stress becomes unbearable, anxiety intensifies and depression deepens. The absence of meaningful connections leaves the soul without the emotional nourishment it needs to heal and thrive. This lack of support creates a sense of invisibility, as if your struggles don’t matter, and you’re left to carry your struggles on your own.
My own 'story'
I've spent a lifetime dealing with neglect and trauma that has led to stress, anxiety and low moods. I find comfort and peace in my blog, it's my go to place – but then I still have to deal with a difficult life. My writing helps to unburden my soul of a difficult past. For those who follow my blog, thank you. With no emotional support on a difficult past – writing became my refuge. In the pandemic and with a mental disability it has become that much harder. For everyone facing soul-deep exhaustion, know you are not alone. Many of us are walking this journey together, and I stand with you.
These are my understandings of soul exhaustion, being mentally tired, being less motivated – it'll be interesting to hear how fatigue manifests for you?
In my next blog, I shall talk about the 'soul's healing.'
For more relatable, inspirational and lifestyle blogs, please check out my site https://www.thecpdiary.com
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existentialmagazine · 10 months ago
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Review: Sandi Thom’s new single ‘Revolution Anthem (Festival of the Oppressed)’ offers political criticism amidst folk-rock intensity
As a singer-songwriter and multi-instrumentalist in her own league, the Scottish-based powerhouse Sandi Thom has for many years run in the face of traditional music trends, with her most-known song saying it all in the title alone: ‘I Wish I Was A Punk Rocker (With Flowers In My Hair)'. Since first coming to prominence in the mid-noughties, her work has since been appreciated across the globe, making headlines and breaking expectations with everything she’s done.
Her newest single ‘Revolution Anthem (Festival of the Oppressed)’ offers just as much of a statement in its title as a lot of her works, boasting an anthem relating to the recent geo-political turmoil. The paired-back, acoustic and folk blended sound is one that you’d perhaps find unexpected to be matched with such a bold statement, outing on the state of the world without any shielding to hide behind, and yet somehow it makes the meaning hit that bit harder than ever before. Through an acapella introduction of just Sandi’s isolated, rich vocals, the track is immediately brought near and dear to all, personal and resonant as her lingering lines make their mark: ‘it has to be time for a change.’
It’s not long before the opening verse shifts the momentum, booming through clapped beats; tribal sounding drums and a simple but intricately plucked acoustic guitar, championing instruments known for their tenderness and instead turning them on their heads for something unavoidably in-your-face. Sandi’s words are just as integral, soaring through low-tones and higher runs, equally torn between intimacy and strength. With heightened volumes and resounding impact, ‘Revolution Anthem (Festival of the Oppressed)’ continues to hurtle into your eardrums with a sound and message that won’t be backing down, determined to be heard. Through layers of vocal harmonies that serenade through the chorus alongside backing ooh’s and hums, the power behind Sandi’s words is not lost, feeling both haunting and striking all at once. The percussion also simmers out, allowing just claps and acoustics to take centre stage, a powerful intermission that’s lesser in instruments but more profound in other ways.
Perhaps the most important part of it all is the message she has to share though, connecting with all of the disenfranchised and those that are struggling under unjust systems without a voice to bring about change themselves. As Sandi shares that songwriters and artists have the opportunity to be a mouthpiece for the ‘vox populi’, it’s clear that this new single is all of that and more. Pulling references from the French revolution, the Russia/Ukraine War and Brexit, as well as name dropping world leaders such as Donald Trump and blatantly calling out former leaders such as Liz Truss, Sandi lets her opinions be known without fear of upsetting anyone that may disagree. Through lines like the staple hook ‘So, it's time for a change raise your voice to the air, time for a change Revolution is here’, she brings out the built-up tensions within us all, marking the start of an uproar ready for change. If you can relate or you’re just eager for a sound that’s uniquely folk-rock, then you won’t want to miss out on listening to the entire track for yourself here.
Written by: Tatiana Whybrow
Photo Credits: Unknown
// This coverage was supported and created via Musosoup, #SustainableCurator.
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canadianabroadvery · 5 years ago
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What will the upcoming year bring in world affairs? A presidential election looms in America; the wave of leaderless protests from Chile to Lebanon is rolling on; China’s rising belligerence is being felt on the streets of Hong Kong and in the expanses of cyberspace; regional tensions in the Middle East, the Indian subcontinent and in east Asia all threaten to escalate into wars; Europe’s future remains uncertain. Will 2020 be known for an explosion of conflict and instability, for a reassertion of norms and order, or for some as-yet unanticipated historical shift?
These matters too are uncertain to make firm forecasts possible, but you can try to identity the critical factor in each case. The below is my stab at doing so: a (non-exhaustive) list of big questions about the year ahead with the factors that will decide them and a prediction of how those crucial factors will turn out. I will return to these predictions at the end of the year to see how well I did.
1. Will there be war with Iran?
The issue: At the time of writing America has just killed Qassem Suleimani, leader of Iran’s proxy forces across the Middle East, in a drone strike in Baghdad. Tehran has vowed “severe revenge”. This could accelerate the existing spiral of escalation, pulling in players like Saudi Arabia and Israel, and possibly lead to American air strikes on Iran and outright war.
The decisive factor: The Iranian leadership knows war with America would be catastrophic but believes (seemingly correctly, at least until now) that Donald Trump does not want direct conflict. The question is whether the president might blunder into a different position in the heat of the moment. An election is looming and voters do not want war, but Trump is also thin-skinned, volatile and will be desperate to save face if Iran retaliates spectacularly.
My prediction: Iran will most likely calibrate its response to avoid pushing Trump and American public opinion on to a full war-footing; by targeting American allies and interests rather than directly attacking Americans and by using proxies like Shia militias in Iraq and Hezbollah. More likely than outright American-Iranian war is a proxy war played out the Levant, the Persian Gulf and especially Iraq.
2. Will Donald Trump be reelected?
The issue: On 3 November Donald Trump will go up against a Democrat challenger in America’s presidential election. His approval ratings are below those of previously reelected presidents like Barack Obama, George W Bush and Bill Clinton, but as in 2016 he does not necessarily need to win the popular vote to secure victory under the electoral college system.
The decisive factor: Trump’s victory relied on a coalition spanning hardline Republicans, moderate Republicans who accepted his theatrics as the price of tax cuts and white working-class voters who defected from the Democrats over cultural issues. That coalition is fairly robust, so the Democrat candidate’s chance of overturning it relies on his or her ability to build a culturally and, crucially, geographically broader coalition taking in states like Wisconsin and Arizona.
My prediction: With the Trump coalition more consolidated than the fragmented Democrat one, the fundamentals point to reelection for the president.
3. Will global carbon emissions peak?
The issue: Under the Paris Agreement to limit global temperature rises above pre-industrial levels to the 1.5 to 2.0 degree range (within which the future impacts of climate change rise from moderate to very high), global greenhouse gas emissions need to plateau this year and start falling next year. That requires a step-change in global efforts, as 2019 saw carbon dioxide levels rise to record levels and at almost the same rate as in the previous year.
The decisive factor: This will largely be decided by policy in three places: China, the United States and the EU. Together these three largest emitters generate about half of the world’s greenhouse gases. The good news: the “Green New Deal” - the notion of a radical ecological re-wiring of the economy - will be a major feature of US and European politics this year and China is sticking to its Paris targets. The bad news: America’s withdrawal from the Paris Agreement will take place over 2020 and, having stabilised for several years, China’s emissions are growing again.
My prediction: With most countries failing to meet their Paris targets and none of the big three (particularly America and China) decarbonising their economies fast enough, emissions will continue to rise in 2020.
4. Will Boris Johnson get an EU trade deal?
The issue: The newly elected prime minister has until the end of June to decide whether to extend the transition period beyond the current deadline of the end of the year. He has pledged not to prolong this “vassalage” but will struggle to negotiate more than a basic trade deal - one most disadvantageous to Britain rather than the EU - with Brussels in that time.
The decisive factor: Any fast deal will probably cover goods (where the EU has a surplus) but not services (where Britain has a surplus). Nor will it cover many matters relating to data, science or security. The question is whether Boris Johnson believes that his 80-seat majority in the Commons is big enough to absorb rebellions when it comes before parliament, whether he believes voters will tolerate the costs of such a deal and whether, on the first of these at least, he is right.
My prediction: Johnson’s self-confidence and the momentum of his electoral win will allow him to push through a bare-bones deal, sowing the seeds of political crisis in 2021.
5. Will China march into Hong Kong?
The issue: Last year’s Hong Kong protests, sparked by plans to allow extradition to the Chinese mainland, have carried on into 2020 with violent clashes on New Year’s Day. With no resolution in sight and Chinese troops massing at the border, the threat of a military intervention to crush the protests, a second Tiananmen, continues to loom.
The decisive factor: The protesters, boosted by supportive results in district council elections in November, are standing by their demands of universal suffrage, an amnesty for arrested protesters and an independent inquiry into police brutality. So the endgame depends on whether the Chinese leadership’s highest priority is to maintain political, economic and diplomatic stability or to make a example of Hong Kongers to discourage anti-Beijing rebellions elsewhere in its neighbourhood or within mainland China. The former militates for patience, the latter for violent intervention.
My prediction: With Hong Kong due to lapse to full Chinese control in 2047 anyway, Beijing can afford to play the long game, continuing to squeeze Hong Kong and vilify the protesters without a full intervention. With its domestic economy slowing, it needs stability. Only if the unrest in Hong Kong threatens to spill over onto the mainland, which currently looks unlikely, will the Chinese army march in.
6. Will the wave of global protests continue?​
The issue: Hong Kong was just one of many places struck by last year’s wave of street protests. Others included Lebanon, Iraq, Sudan, Russia, France, Spain, Chile and Bolivia. The motives were various but many concerned autocratic or corrupt governments, low living standards or climate change, and most were leaderless movements organised online. Were they a one-off, or part of a longer trend?
The decisive factor: Protests tend to subside when one or more of four conditions are met: grievances are addressed, governments crack down successfully, the means of organisation are curtailed or protest-fatigue sets in. Whether 2019 will be seen as an exception depends on the presence of these factors in the main arenas of protest in 2020.
My prediction: In some cases, like Chile and Lebanon, governments are changing tone or policies in light of protesters’ demands. But even there, protest movements are merely developing into broader more long-term movements. Grievances linger on, most obviously the international intransigence on climate change motivating the Fridays for Future protests. And the opportunities for mobilisation afforded by social media are only growing. Do not expect the protests to go away; instead expect them to evolve.
7. Will the EU become a more serious player?
The issue: Ursula von der Leyen’s presidency of the European Commission gets under way as member states squabble over the next seven-year budget, big challenges like euro-zone reform and migration policy remain parked and relations between Paris and Berlin continue to be at a low ebb. Emmanuel Macron wants to reinvigorate the EU alongside von der Leyen but his proposals, including greater “strategic autonomy” from America and NATO, are divisive.
The decisive factor: Essentially there are two countervailing forces at work. On the one hand Trump, Brexit, the crisis years and shifting geopolitical circumstances are pushing the EU to become a more serious, hard-nosed actor; Angela Merkel’s big EU-China summit in September will be a case in point. On the other this process is exposing new divisions on things like common defence, emissions reductions, the future shape of the union and the relationship with outside powers. The question is whether the centripetal forces (events, threats and other shifts pushing the union together and forward) exceed the centrifugal ones (differences of outlook and interest pulling it apart and holding it back).
My prediction: On balance the EU is more resilient than it looks. But while it may muddle its way forward in 2020, major advances will only take place in the heat of the next crisis.
8. Will there be conflict between India and Pakistan?
The issue: Tensions between India and Pakistan grew in 2019, with tit-for-tat air strikes and diplomatic sanctions. India has revoked the autonomy of Jammu and Kashmir, its only Muslim-majority state, and further inflamed tensions last month by introducing an anti-Muslim citizenship rule, the latest in Narendra Modi’s increasingly blatant flirtation with Hindu nationalism. Further attacks on Indian forces in Kashmir by Pakistani-linked Jihadis, or another terror attack in India like that in Mumbai in 2008, could easily escalate.
The decisive factor: The region is a tinderbox. Modi and Pakistan’s Imran Khan have ramped up their rhetoric, mass media outlets in both countries are talking up confrontation and both countries face economic problems fuelling political grievances. So the question is whether the mechanisms for deescalation still work. An attempted Modi-Khan reset in 2018 came to little and neither America (distracted) nor China (considered partisan by India) make ideal mediators.
My prediction: Though neither Modi nor Khan want war, the possibility of a runaway escalation between the two nuclear powers is one of the most underpriced global risks of 2020.
9. Where will the unexpected bad news occur?
The issue: Lawless and rogue states, inadequate global governance and climate change are three defining features of our age. With them come risks of state collapse and war, cyber-attacks and terrorism, uncontrollable epidemics and refugee crises and environmental catastrophe. 2020 will doubtless see various as-yet-unpredictable instances of many or all of these.
The decisive factor: Most of the world’s states, especially in the complacent West, are less truly sovereign and more interdependent than they believe themselves to be. It is this delusion that causes them to be caught by surprise when an unexpected crisis occurs, as chaos or risk from one part of the world ripples through the global system. The question is not whether this will occur but how resilient states and international organisations are when it does.
My prediction: Given the risks I expect at least one of each of the following categories of cataclysm. First, an extreme climate event hitting part of the West not used to the levels of climate chaos already felt in the global south (the fires raging in Australia are but a foretaste). Second, an instance of violence or other instability in one of the world’s rogue or war-torn zones (most probably North Korea, Yemen, Syria, Libya, Burkina Faso, Venezuela or eastern Ukraine) causing a crisis in a country far from its own borders. Third, a crisis or calamity specifically caused by a failure of international governance and democracy; that is, by insufficient coordination, information sharing or collective action at the supra-regional or global level.
10. Where will the unexpected good news occur?
The issue: It is customary, in these end-of-year or start-of-year round ups, to nod to how many good things have happened beyond the headlines: poverty rates and infant mortality falling, literacy and immunisation rates rising. But each year also throws up specific causes to rejoice. In September for example Tunisia held what were widely deemed the Arab world’s first TV debates, during its second free election since the Arab Spring. There will be such happy moments in 2020 too.
The decisive factor: China, Latin America and Africa have thrown up plenty of good rising-living-standards stories in recent years. But with authoritarianism on the march in China and Brazil, and Africa’s rise more halting and troubled than some sunny predictions of the past decades suggested, the picture there is more mixed.
My prediction: There will nonetheless be specific and epochally good news from Africa in 2020. It is possible that the Ebola epidemic will be finally vanquished during the year. And Ethiopia goes to the polls in May, with good prospects of victory for the reformist prime minister Abiy Ahmed (winner of 2019’s Nobel Peace Prize). That would put Africa’s second most populous country, its future in the balance, on a positive course. Elsewhere this could be a further year of growth for progressive mobilisations, from the Fridays for Future marches to anti-nationalist movements like Italy’s “Sardines” and emerging digital rights campaigns; I predict that these will trigger at least one major, positive change of national government or international policy during 2020.
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newstfionline · 5 years ago
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Canada Says Another Citizen Detained in China Amid Diplomatic Tensions (Reuters) A Canadian citizen has been detained in the Chinese city of Yantai, a Canadian government spokesman said on Saturday, an incident that comes amid chilly diplomatic relations between the two countries.
New Orleans mayor warns residents as Tropical Storm Barry dumps rain (Washington Post) Hurricane Barry touched down on the Louisiana coast Saturday, weakening to a tropical storm with the potential to linger over this low-lying state and soak it with as much as 15 to 20 inches of rain. By the time the storm hit, many along the coast had either evacuated or sheltered in place. Now, thousands are bracing for days of flooding. The system could take the better part of the weekend to plow through Louisiana, from south to north, unloading wave after wave of flooding rain in some areas.
Tropical Storm Barry Shuts 70% of U.S. Gulf of Mexico Oil Output (Reuters) Nearly 70% or 1.3 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico has been cut because of Tropical Storm Barry, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Saturday
At Texas detention facility, Pence sees hundreds of migrants crammed with no beds (Washington Post) When Vice President Pence visited a migrant detention center here Friday, he saw nearly 400 men crammed behind caged fences with not enough room for them all to lie down on the concrete ground. There were no mats or pillows for those who found the space to rest. A stench from body odor hung stale in the air. When reporters toured the facility before Pence, the men screamed that they’d been held there 40 days, some longer. They said they were hungry and wanted to brush their teeth. It was sweltering hot, but the only water was outside the fences and they needed to ask permission from the Border Patrol agents to drink. “I was not surprised by what I saw,” Pence said later at a news conference. “I knew we’d see a system that was overwhelmed.” The vice president’s office said it specifically instructed the Border Patrol agents not to clean up or sanitize the facility beyond what is routine so the American people could see the overcrowding and scarce resources, like lack of beds, and see how serious the crisis is at the border.
Trump citizenship plan will face logistical, legal hurdles (AP) After failing to get his citizenship question on the census, President Donald Trump now says his fallback plan will provide an even more accurate count--determining the citizenship of 90 percent of the population “or more.” But his plan will likely be limited by logistical hurdles and legal restrictions. Trump wants to distill a massive trove of data across seven government agencies--and possibly across 50 states. It’s far from clear how such varying systems can be mined, combined and compared. Trump says he aims to answer how many people are here illegally, though there already are recent estimates , and possibly use such information to divvy up congressional seats based on citizenship. It’s also a way for Trump to show his base that he’s not backing down from a battle over the question on his signature topic, immigration.
Man Dead After Attacking Immigration Detention Facility in Washington State: Police (Reuters) A man armed with a rifle attacked an immigration detention facility in Washington state early on Saturday, throwing incendiary devices at the building and cars in the parking lot before dying after police opened fire, authorities said.
Cuba Hopes for Slight Growth as Trump Pummels Caribbean Island (Reuters) Communist-run Cuba put on a brave face Saturday at a mid-year session of the National Assembly, the government insisting it would not let a growing financial crisis and mounting pressure from the administration of President Donald Trump thwart development.
Glenn Greenwald becomes focus of Brazil press freedom debate (AP) Several weeks after publishing explosive reports about a key member of Brazil’s far-right government, U.S. journalist Glenn Greenwald was called before a congressional committee to face hostile questions. “Who should be judged, convicted and in prison is the journalist!” shouted congresswoman Katia Sastre, an ally of President Jair Bolsonaro. And by some accounts that wasn’t an empty threat: A conservative website reported that federal police had requested that financial regulators investigate Greenwald’s finances. The Pulitzer Prize-winning journalist also says he has been receiving death threats.
New Northern Irish Police Chief Warns of Detrimental Brexit Impact to Peace (Reuters) Northern Ireland’s new police chief warned on Saturday that a hard Brexit could have a “detrimental” impact on two decades of peace in the British-run province and risk his officers becoming targets for militants.
UK Says Seized Iranian Oil Tanker Could Be Released (AP) Britain will facilitate the release of a seized Iranian tanker if Iran can provide guarantees the vessel would not breach European sanctions on oil shipments to Syria, Britain’s top diplomat said late Saturday.
Eight Hospitalized on Last Day of Pamplona Bull-Run (Reuters) Eight runners were hospitalized, three of them with goring injuries, on the crowded last day of the annual San Fermin bull-running festival in the Spanish city of Pamplona, the Red Cross said on Sunday.
Italy Firefighters Battle Wildfires; 1 Dead, Others Evacuate (AP) Firefighters are battling wildfires on multiple fronts in southern Italy, including one blaze in Puglia that left at least one person dead.
Floods Ravage Northeastern India, Killing at Least 12 (AP) Rain-triggered floods and mudslides have left a trail of destruction across northeastern India, killing at least a dozen people and affecting over a million, officials said Saturday.
Hong Kong Protesters Resume Chorus of Opposition to Extradition Bill (Reuters) Thousands rallied in Hong Kong for a second day on Sunday, in an area popular with mainland Chinese shoppers, as deep-seated anger and frustration at the government’s handling of an extradition bill refuses to dissipate.
Kuwait Moves to Protect Its Ports Amid Gulf Tensions (Reuters) Kuwait’s navy and ports authority will prepare security plans to protect the key OPEC exporter’s ports, state news agency KUNA said on Saturday, amid heightened tensions between Iran and the West.
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hostingnewsfeed · 6 years ago
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Stocks To Watch: Tencent Music, Starbucks And Under Armour In Focus
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Stocks To Watch: Tencent Music, Starbucks And Under Armour In Focus
Welcome to Seeking Alpha’s Stocks to Watch – a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
Investors are prepping for another week of volatility as concerns over the China trade deal and the impact of the U.K. Brexit withdrawal bill are sure to linger. Add in the drama of a yield curve that inverted on the short end and it’s small wonder that the Santa Claus rally is having a hard time materializing. With major indexes having now erased their gains for the year, expect to hear some noise from value investors after seeing the one-month drops in names such as Nvidia (NASDAQ:NVDA) -25%, Target (NYSE:TGT) -22%, Tiffany (NYSE:TIF) -22%, Goldman Sachs (NYSE:GS) -19%, Apple (NASDAQ:AAPL) -18%, Halliburton (NYSE:HAL) -15% and Altria (NYSE:MO) -15%. On the economic front this week, new reads on producer prices, consumer prices and retail sales will be closely watched.
Notable earnings reports: It’s a very thin week for earnings reports, but companies due to spill numbers include Ascena Retail (NASDAQ:ASNA) and Stitch Fix (NASDAQ:SFIX) on December 10; American Eagle Outfitters (NYSE:AEO) and Dave & Buster’s Entertainment (NASDAQ:PLAY) on December 11; Phototronics (NASDAQ:PLAB) and Oxford Industries (NYSE:OXM) on December 12; Adobe (NASDAQ:ADBE), Costco (NASDAQ:COST) and Ciena (NASDAQ:CIEN) on December 13.
IPOs expected to price: Tencent Music Entertainment (TME) is pressing ahead with its IPO as the company looks to take advantage of the 90-day pause on tariffs between the U.S. and China. The music streaming service plans to sell 41M ADSs in the offering and selling shareholders will also unload just under 41M ADSs. Tencent Music owns three streaming music platforms in China – QQ Music, Kuguo, and Kuwo – with a count of over 700M monthly active users. Heading into the IPO, Tencent (OTCPK:TCEHY) holds a 58.1% stake in Tencent Music and Spotify (NYSE:SPOT) owned a 9.1% stake.
IPO lockup expirations: Greenpro (OTCQB:GRNQ) on December 10; US Xpress Enterprises (NYSE:USX) and Charah Solutions (NYSE:CHRA) on December 11; Avalara (NYSE:AVLR), Verrica Pharmaceuticals (NASDAQ:VRCA) and Puixin (NYSE:NEW) on December 12.
Analyst quiet period expirations: Vapotherm (NYSE:VAPO) and Eton Pharmaceuticals (NASDAQ:ETON) on December 10; Weidai (NYSE:WEI) on December 11;
Projected dividend changes (quarterly): Abbott (NYSE:ABT) to $0.30 from $0.28, AES (NYSE:AES) to $0.14 from $0.13, Amgen (NASDAQ:AMGN) to $1.39 from $1.32, Boeing (NYSE:BA) to $2.08 from $1.71, Franklin Resources (NYSE:BEN) to $0.25 from $0.23, Lilly (NYSE:LLY) to $0.57 from $0.5625, Realty Income (NYSE:O) to $0.221 from $0.2205, AT&T (NYSE:T) to $0.51 from $0.50, Ventas (NYSE:VTR) to $0.81 from $0.79, ABM Industries (NYSE:ABM) to $0.18 from $0.175, Balchem (NASDAQ:BCPC) to $0.46 from $0.42, SEI (NASDAQ:SEIC) to $0.32 from $0.30, Urstadt Biddle (NYSE:UBA) to $0.275 from $0.27, WD-40 (NASDAQ:WDFC) to $0.59 from $0.54.
60 Minutes: Tesla (NASDAQ:TSLA) CEO Elon Musk was interviewed by Leslie Stahl for the weekly news show. In a clip already released, Musk said “I don’t really want to try to adhere to some CEO template.” Musk also stated that the EV automaker would have interest in setting up shop in an old General Motors (NYSE:GM) plant if one is available.
Analyst/investor meetings: Arthur Gallagher (NYSE:AJG), Enbridge (NYSE:ENB), American Water Works (NYSE:AWK), ServiceMaster Global (NASDAQ:SERV), TreeHouse Foods (NYSE:THS) and Crown Holdings (NYSE:CCK) on December 11; Aimmune Therapeutics (NASDAQ:AIMT) and Hess (NYSE:HES) on December 12; ImmunoGen (NASDAQ:IMGN), Health Insurance (NASDAQ:HIIQ) and Danaher (NYSE:DHR) on December 13; Hartford Financial (NYSE:HIG) and Centene (NYSE:CNC) on December 14.
Spotlight on coffee: Starbucks (NASDAQ:SBUX) hosts its biannual investor day event on December 13. The meeting will occur about a month after Starbucks announced a round of corporate-level job cuts. While the company isn’t directly in the line of fire of tariffs, an escalation of the U.S.-China trade battle could end up hurting its business if Beijing slows the regulatory process or a consumer backlash pops up.
Spotlight on Under Armour: Under Armour (UA, UAA) will hold an investor meeting on December 12. CEO Kevin Plank, President, COO Patrik Frisk, CFO David Bergman and other Under Armour execs will provide an overview of the company’s long-term strategy, financial outlook and key initiatives to deliver sustainable, profitable growth and shareholder value.
Capitol Hill watch: Google (GOOG, GOOGL) CEO Sundar Pichai is due to appear before a House panel on December 11 in a hearing rescheduled from last week. Height Capital Markets expects the tough questions to be asked to Pichai by lawmakers to be just the start, not the end. The firm thinks Big Tech companies will be exposed to regulatory headline risk into 2019, even as it predicts final legislation will be tough to pass both houses. The House is also slated to vote next week on a bi-partisan measure that would punish drugmakers trying to game Medicaid’s rebate system to garner bigger profits.
FCC watch: The FCC is due to start its quadrennial review of some media ownership rules, including the issue of owning multiple stations in a single market. Companies watching the developments include Entercom (NYSE:ETM), Emmis Communications (NASDAQ:EMMS), Cumulus (NASDAQ:CMLS), Cox Radio (CXR), Clear Channel, CBS, Disney (NYSE:DIS), Beasley Broadcasting (NASDAQ:BBGI), iHeartMedia (OTCPK:IHRTQ).
Short report: Nasdaq is due to issue a new short interest report on December 11 for positions settled by November 30. Stocks with the highest level of short interest as a percentage of total float at the time of the last Nasdaq report included GNC Holdings (NYSE:GNC), Lannett Company (NYSEMKT:LCI), J.C. Penney (NYSE:JCP), Carbo Ceramics (NYSE:CRR), Carvana (NYSE:CVNA), Buckle (NYSE:BKE), Revlon (NYSE:REV), RH(NYSE:RH), Dillard’s (NYSE:DDS), Camping World (NYSE:CWH), B&G Foods (NYSE:BGS) and Pyxus International (NYSE:PYX).
M&A tidbits: Lumentum’s (NASDAQ:LITE) acquisition of Oclaro (NASDAQ:OCLR) is expected to close on December 10. Shareholders with Akebia Therapeutics (NASDAQ:AKBA) and Keryx Biopharmaceuticals (NASDAQ:KERX) vote on the merger between the two companies on December 11. A special meeting is scheduled on December 11 for shareholders of Dell Technologies (NYSE:DVMT) to vote on the Class V common stock exchange transaction. CVS Health (NYSE:CVS) has a deadline of December 14 to issue a briefing defending the Aetna (NYSE:AET) deal.
Sales updates: Franklin Resources (BEN) on December 10, TD Ameritrade (NASDAQ:AMTD) on December 11; E*Trade Financial (NASDAQ:ETFC) and Charles Schwab (NYSE:SCHW) on December 14.
More Prime Time: It’s another notch on the belt for Amazon (NASDAQ:AMZN) as its streaming service launches on Comcast’s (NASDAQ:CMCSA) Xfinity X1 platform.
Cyberwatch: Zix (NASDAQ:ZIXI), Calix (NYSE:CALX) and GigCapital (NYSE:GIG.U) are scheduled for one-on-one meetings at the Cowen 5th Annual Networking & Cybersecurity Summit on December 12.
Barron’s mentions: The share price drop on Caterpillar (NYSE:CAT) looks overdone, reasons Jack Hough. He notes that a midyear price increase by Caterpillar on machines helped offset higher costs related to steel and other tariffs, while booked orders are strong for 2019. Applied Materials (NASDAQ:AMAT) is also seen as being on the cheap side, with shares trading at only 10X forward earnings. That’s despite the huge upside for Applied Materials in AI chips. There’s also a deep dive on Lam Research (NASDAQ:LRCX) after the company’s bumpy road.
Sources: Nasdaq, EDGAR, Reuters, CNBC, Bloomberg
Editor’s Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.
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jettadarkwynd · 6 years ago
Text
Forex - Dollar Gains as Trade, Emerging Market Worries Linger
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/forex-dollar-gains-as-trade-emerging-market-worries-linger
Forex - Dollar Gains as Trade, Emerging Market Worries Linger
© Reuters. Dollar gains as trade, emerging market worries linger
Investing.com – The dollar was trading near one-and-a-half week highs against a currency basket on Wednesday, as safe haven demand continued to be underpinned persistent concerns over trade tensions and emerging market stresses.
The , which measures the greenback’s strength against a basket of six major currencies, was up 0.17% to 95.59 by 04:01 AM ET (08:01 GMT), not far from Tuesday’s one-and-a-half week highs of 95.68.
Demand for the dollar was bolstered by the risk-off mood in markets amid fears over the impact on global growth from the Trump administration’s protectionist trade policies and strains in emerging markets.
U.S. President Donald Trump could slap tariffs on an additional $200 billion worth of imports from China as soon as Thursday, which would ratchet up the trade row with Beijing.
Data overnight showed that in August, indicating that the trade dispute with the U.S. is hitting demand.
Trade talks between were due to resume later Wednesday, with Trump threatening to leave Canada out of a new deal already negotiated with Mexico.
The dollar was almost unchanged against the yen, with last at 111.49.
The euro was lower against the firmer dollar, with down 0.2% to 1.1557.
The pound was also pressured lower, with sliding 0.3% to 1.2816 as worries over the prospect of a no-deal Brexit continued to weigh.
The Australian dollar was lower, with down 0.28% to 0.7156 despite data overnight showing that the country’s economy grew at the in the second quarter.
In emerging markets, Turkey’s was pressured lower amid lingering concerns over the country’s economic and currency crisis.
Deteriorating relations between the U.S. and Ankara and worries about Erdogan’s increasing control over monetary policy and the economy have seen the lira tumble more than 40% this year.
Argentina’s also fell, re-approaching record lows against the dollar as the country’s government scrambled to deal with a fresh economic crisis.
Emerging market currencies have been hard hit by concerns that higher U.S. interest rates will pressure countries that have borrowed heavily in dollars in recent years.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/forex-dollar-gains-as-trade-emerging-market-worries-linger
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breakbit · 6 years ago
Text
Forex - Dollar Gains as Trade, Emerging Market Worries Linger
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/forex-dollar-gains-as-trade-emerging-market-worries-linger
Forex - Dollar Gains as Trade, Emerging Market Worries Linger
© Reuters. Dollar gains as trade, emerging market worries linger
Investing.com – The dollar was trading near one-and-a-half week highs against a currency basket on Wednesday, as safe haven demand continued to be underpinned persistent concerns over trade tensions and emerging market stresses.
The , which measures the greenback’s strength against a basket of six major currencies, was up 0.17% to 95.59 by 04:01 AM ET (08:01 GMT), not far from Tuesday’s one-and-a-half week highs of 95.68.
Demand for the dollar was bolstered by the risk-off mood in markets amid fears over the impact on global growth from the Trump administration’s protectionist trade policies and strains in emerging markets.
U.S. President Donald Trump could slap tariffs on an additional $200 billion worth of imports from China as soon as Thursday, which would ratchet up the trade row with Beijing.
Data overnight showed that in August, indicating that the trade dispute with the U.S. is hitting demand.
Trade talks between were due to resume later Wednesday, with Trump threatening to leave Canada out of a new deal already negotiated with Mexico.
The dollar was almost unchanged against the yen, with last at 111.49.
The euro was lower against the firmer dollar, with down 0.2% to 1.1557.
The pound was also pressured lower, with sliding 0.3% to 1.2816 as worries over the prospect of a no-deal Brexit continued to weigh.
The Australian dollar was lower, with down 0.28% to 0.7156 despite data overnight showing that the country’s economy grew at the in the second quarter.
In emerging markets, Turkey’s was pressured lower amid lingering concerns over the country’s economic and currency crisis.
Deteriorating relations between the U.S. and Ankara and worries about Erdogan’s increasing control over monetary policy and the economy have seen the lira tumble more than 40% this year.
Argentina’s also fell, re-approaching record lows against the dollar as the country’s government scrambled to deal with a fresh economic crisis.
Emerging market currencies have been hard hit by concerns that higher U.S. interest rates will pressure countries that have borrowed heavily in dollars in recent years.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/forex-dollar-gains-as-trade-emerging-market-worries-linger
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cute1dfacts · 6 years ago
Text
Forex - Dollar Gains as Trade, Emerging Market Worries Linger
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/forex-dollar-gains-as-trade-emerging-market-worries-linger
Forex - Dollar Gains as Trade, Emerging Market Worries Linger
© Reuters. Dollar gains as trade, emerging market worries linger
Investing.com – The dollar was trading near one-and-a-half week highs against a currency basket on Wednesday, as safe haven demand continued to be underpinned persistent concerns over trade tensions and emerging market stresses.
The , which measures the greenback’s strength against a basket of six major currencies, was up 0.17% to 95.59 by 04:01 AM ET (08:01 GMT), not far from Tuesday’s one-and-a-half week highs of 95.68.
Demand for the dollar was bolstered by the risk-off mood in markets amid fears over the impact on global growth from the Trump administration’s protectionist trade policies and strains in emerging markets.
U.S. President Donald Trump could slap tariffs on an additional $200 billion worth of imports from China as soon as Thursday, which would ratchet up the trade row with Beijing.
Data overnight showed that in August, indicating that the trade dispute with the U.S. is hitting demand.
Trade talks between were due to resume later Wednesday, with Trump threatening to leave Canada out of a new deal already negotiated with Mexico.
The dollar was almost unchanged against the yen, with last at 111.49.
The euro was lower against the firmer dollar, with down 0.2% to 1.1557.
The pound was also pressured lower, with sliding 0.3% to 1.2816 as worries over the prospect of a no-deal Brexit continued to weigh.
The Australian dollar was lower, with down 0.28% to 0.7156 despite data overnight showing that the country’s economy grew at the in the second quarter.
In emerging markets, Turkey’s was pressured lower amid lingering concerns over the country’s economic and currency crisis.
Deteriorating relations between the U.S. and Ankara and worries about Erdogan’s increasing control over monetary policy and the economy have seen the lira tumble more than 40% this year.
Argentina’s also fell, re-approaching record lows against the dollar as the country’s government scrambled to deal with a fresh economic crisis.
Emerging market currencies have been hard hit by concerns that higher U.S. interest rates will pressure countries that have borrowed heavily in dollars in recent years.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/forex-dollar-gains-as-trade-emerging-market-worries-linger
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benmauerberger · 6 years ago
Text
Forex - Dollar Gains as Trade, Emerging Market Worries Linger
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/forex-dollar-gains-as-trade-emerging-market-worries-linger
Forex - Dollar Gains as Trade, Emerging Market Worries Linger
© Reuters. Dollar gains as trade, emerging market worries linger
Investing.com – The dollar was trading near one-and-a-half week highs against a currency basket on Wednesday, as safe haven demand continued to be underpinned persistent concerns over trade tensions and emerging market stresses.
The , which measures the greenback’s strength against a basket of six major currencies, was up 0.17% to 95.59 by 04:01 AM ET (08:01 GMT), not far from Tuesday’s one-and-a-half week highs of 95.68.
Demand for the dollar was bolstered by the risk-off mood in markets amid fears over the impact on global growth from the Trump administration’s protectionist trade policies and strains in emerging markets.
U.S. President Donald Trump could slap tariffs on an additional $200 billion worth of imports from China as soon as Thursday, which would ratchet up the trade row with Beijing.
Data overnight showed that in August, indicating that the trade dispute with the U.S. is hitting demand.
Trade talks between were due to resume later Wednesday, with Trump threatening to leave Canada out of a new deal already negotiated with Mexico.
The dollar was almost unchanged against the yen, with last at 111.49.
The euro was lower against the firmer dollar, with down 0.2% to 1.1557.
The pound was also pressured lower, with sliding 0.3% to 1.2816 as worries over the prospect of a no-deal Brexit continued to weigh.
The Australian dollar was lower, with down 0.28% to 0.7156 despite data overnight showing that the country’s economy grew at the in the second quarter.
In emerging markets, Turkey’s was pressured lower amid lingering concerns over the country’s economic and currency crisis.
Deteriorating relations between the U.S. and Ankara and worries about Erdogan’s increasing control over monetary policy and the economy have seen the lira tumble more than 40% this year.
Argentina’s also fell, re-approaching record lows against the dollar as the country’s government scrambled to deal with a fresh economic crisis.
Emerging market currencies have been hard hit by concerns that higher U.S. interest rates will pressure countries that have borrowed heavily in dollars in recent years.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/forex-dollar-gains-as-trade-emerging-market-worries-linger
3 notes · View notes
taylordmorris · 6 years ago
Text
Forex - Dollar Gains as Trade, Emerging Market Worries Linger
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/forex-dollar-gains-as-trade-emerging-market-worries-linger
Forex - Dollar Gains as Trade, Emerging Market Worries Linger
© Reuters. Dollar gains as trade, emerging market worries linger
Investing.com – The dollar was trading near one-and-a-half week highs against a currency basket on Wednesday, as safe haven demand continued to be underpinned persistent concerns over trade tensions and emerging market stresses.
The , which measures the greenback’s strength against a basket of six major currencies, was up 0.17% to 95.59 by 04:01 AM ET (08:01 GMT), not far from Tuesday’s one-and-a-half week highs of 95.68.
Demand for the dollar was bolstered by the risk-off mood in markets amid fears over the impact on global growth from the Trump administration’s protectionist trade policies and strains in emerging markets.
U.S. President Donald Trump could slap tariffs on an additional $200 billion worth of imports from China as soon as Thursday, which would ratchet up the trade row with Beijing.
Data overnight showed that in August, indicating that the trade dispute with the U.S. is hitting demand.
Trade talks between were due to resume later Wednesday, with Trump threatening to leave Canada out of a new deal already negotiated with Mexico.
The dollar was almost unchanged against the yen, with last at 111.49.
The euro was lower against the firmer dollar, with down 0.2% to 1.1557.
The pound was also pressured lower, with sliding 0.3% to 1.2816 as worries over the prospect of a no-deal Brexit continued to weigh.
The Australian dollar was lower, with down 0.28% to 0.7156 despite data overnight showing that the country’s economy grew at the in the second quarter.
In emerging markets, Turkey’s was pressured lower amid lingering concerns over the country’s economic and currency crisis.
Deteriorating relations between the U.S. and Ankara and worries about Erdogan’s increasing control over monetary policy and the economy have seen the lira tumble more than 40% this year.
Argentina’s also fell, re-approaching record lows against the dollar as the country’s government scrambled to deal with a fresh economic crisis.
Emerging market currencies have been hard hit by concerns that higher U.S. interest rates will pressure countries that have borrowed heavily in dollars in recent years.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/forex-dollar-gains-as-trade-emerging-market-worries-linger
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ephillipsresearch · 4 years ago
Video
youtube
BLOC PROJETCS HARSH LIGHT- NOTES The concluding webinar of our December installment will welcome artists Verity Birt and Una Hamilton, and researcher Dr Edwin Coomasaru in conversation. Variously working on gender, British identity, folklore and the occult, the speakers will be reflecting on the “E” of ACE—Arts Council England—and that which constitutes “Englishness”. The conversation will self-reflexively think through these English textures and their adoption in sub cultural contexts, including white supremacist narratives of “blood and soil” nativism, as well as feminist and black metal re-inscriptions of a more ecologically entangled landscape.
Question – how the occult has shaped their respective ideas of myth landscape and English identity
Verity Birt - reading ridley walker- inspiration, novel written by russel hoborn, imagining post apocalyptic future in the dark ages, written in phonetic language, returning to an oral history- did a residency in Newcastle with newbridge project, running experimental workshops at prehistoric sites with a community choir – thinking about how features of the landscape impact improvisation – what can happen when you allow for more imaginative and experimental exchange with these sites installation at black tower projects mapped through memory, dream space, tracing the contour lines of the space, exploring the notion of giving/receiving from the landscape - ceramic offerings – recreated the channel in ceramic, vaginal shape references strong feminine energy- workshop not directly documented. – choreographed performances in space in the summer equinox 2019 performance looking at deep time/ fragments of lineages, evolution, how they are continued and transmitted, questioning enlightenment, theory of time as progress – battersea pleasure gardens – live improvised performance to text piece a mash of feminist theory, myth, fiction, archeology uncommon ground – attempt to confront dark side of mythology within the English psyche – white horse stone kent- during research came across white supremacist group that used to guard the site- 2 chanel video – follows icon of the white horse and its relation to alt white narratives and history in mythology – also included fragments of conversions with ethan d white about alt right pagan rituals and beliefs at these sites – anglo saxon mythology Una Hamilton helle - 2009/10 – makes work in landscape, place, nature and how we encode them with our own theories and experiences – the lay archive, ‘after math’ or ‘trauma’ photography- events can linger on in places and can you capture this through camera, looking at political troubles in Ireland. Attempt to explore what could be captured on camera, lay lines connecting places of worship etc, energy lines, ufo sightings, can you capture any of this in images? Short film   the return from Annwn, 2015, inspired by sci-fi and the English landscape. Sacred sites, mound burials, paces of energy, becoming the forest- long term art project interrogating sense of belonging what is heritage, connecting with the landscape - looked to black metal genre that uses landscapes/ Nordic aesthetics – looking at how topography and environments influence people – short stories about black metalists worshipping spruce trees - zine , becoming the forest to explore those ideas more critically, - commissioned essays about the topic from different political, cultural and scientific perspectives commissioned by waltham and epping forest to do installation that looked at epping forest as the peoples forest, and how human narratives have shaped the forest – workshops, performance
Dr Edwin coomasaru Complicated relationship to concept of Englishness 2018 – research driven by questions of ‘why has occult imagery become so importanct for feminist art and activism? What might this renewed interest in the supernatural from across the political spectrum tell us about the current crisis of British identity, shaped by colonial narratives, enlightened Europeans spreading rational modernity while committing oppression murder and theft 18/19 – courtold project on politics of gender and race in brexit visual culture – interested in the way artists responded to issue of irish border in eu negotiations – rita duffy collabed with women of both sides of irish border to create installation that straddled the border – knitted votive figures on the black line bridge – image above from derry 10 exhibition Kerry powell Williams on tarot, held supernatural performance on walker plinth, looked at history of somerset house – building once hq for royal navy and hmrc, all implicated in histories of empire increased interest in supernaturalism a response to corporate wellness culture, welfare state cutbacks and precarious employment – as feminist and anti racist activism surged in 2010, so did far right extremist, brexit articulated and exacerbate crisis of British identity, colonial/rational/modern narratives against those considered supernatural, other or primitive, created conceptual binary between magic and science 1876,eng traveler William h Dixon –‘ if we wish to see order and freedom , science and civilization preserved, we should give first thought to what improves the white mans growth and increase the white man’s strength - gina rippons gendered brain – challenged idea that science was ever neutral or objective, it s all implicated with power and projection feminist and anti racist artists are turning to the occult to reclaim/ challenge the myths that underpin patriarchal white supremacy
How do materials beings and sites become co-opted into story and myth? what stories and myths can artists today extract from the land that will forge a path for post Brexit Britain that is inclusive healing and open and how does this approach include a celebration of Englishness.
VB -Turned to the supernatural and tarot as a way of generating hope in a very hopeless situation- the 2008 recession – allows for mystery, imagination and nuance – using tarot to guide the work, relinquish control – don’t see it as a supernatural things, it’s a way of connecting with natural forces, seeing it in a post modern, materialist light
UH – mysticism as opposition to the narratives the nation tells themselves – also retaining a sense of imagination, not buying into protestant work ethic – productivity is everything – found this is in occult theories – trying to understand what we are actually listening to in occult stories and myths- who’s histories are these? DC- family interested in se Asian forms of spirituality , became interested aspects of activist that used the occult as an insult and those that were interested din magic –  bbc article ‘brexit leads to resurgence in tarot’ intense uncertainty about the future and finding ways to narrate a story to the self – there is nobody NOT engaging in magical thinking – storytelling and the ability of narratives to conceptually present the world to us in different ways Vb storytelling – critical awareness of the falsehood of truths, hierarchy of belief and value we assign to certain myths over other revisiting feminist myth making trajectory – how it has shifted between waves, changing ideas of gender, how gender and myth are intertwined, etc  how myths have sedimented in the body – whiteness embodiment  - how can we excavate that? Romanticism of neo paganism – grey areas between liberal left and alt white spaces  
Englishness, an important part of brexit is the tensions between Englishness and brutishness – England drove the vote but Wales also voted leave
VB- looking for line of flight from Englishness- stuck with facing own white Englishness – (not proud of heritage?) coming from rural working class land based peasantry – most family were brexiteers, ideas of people living in different worlds – respective the world view but navigating conversations of black lives matter. Huge disconnect between rural and urban landscape – trying to reconfigure clashes in own identity rural/urban recent work ‘crossings’ about encountering rural landscape after being urbanized
UH– myth of the nation state – disconnect with place? Disenfranchisement – enclosures, uprooting, urbanization, industries disappears – possibilities for community eroded at every corner for a hundred years – what does place/ local place mean? Nobody has that deep rooted relationship with the land anymore?
DC – anxiety about living off the land – spells about butter,- sense of powerlessness and feeling out of control  -the occult has very specific histories and its consciously appropriated
mass displacement in the industrial revolution -
are myths just replaced with others? Everything is myth – there is no objective reality
VB – counter myth making, everything is myth, these are imaginative worlds, capitalism is a shared belief – counter myths – opens up new potentials
the enlightenment was created to enable imperialism and capitalism - how can we generate new worlds that cater to non-conforming folk –modern myths have been generate to support the cis white able man
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expatimes · 4 years ago
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What happened to football in 2020 – and what is next?
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Empty football stadiums resound with their histories, argues Uruguayan historian and football fanatic Eduardo Galeano: “There is nothing less empty than an empty stadium. There is nothing less mute than stands bereft of spectators,” he writes.
His maxim has been tested repeatedly across the world this year, as football has been poleaxed by the pandemic.
“COVID has massively affected every aspect of football; from how the game is played, to how it is watched – with no fans, or restricted numbers – to the economics of the game,” journalist and author James Montague told Al Jazeera.
As COVID-19 spread rapidly in early 2020, nearly every professional league around the world was suspended.
Fans who were used to organising their lives around the regular rhythm and rituals of football matches were left with the option of rewatching old games or watching the likes of FC Slutsk take on FC Smolevichi-Sti in the Belarus Super League, the only European league to play on by late March.
Euro 2020 – with its particularly pre-pandemic friendly format of 12 host cities across the continent – was postponed to 2021, as was the Copa America.
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Empty seats are seen in the stands prior to the German first division Bundesliga football match in Dortmund, western Germany
“It’s been a big x-ray and it’s been a big wake up call,” said sportswriter, broadcaster and academic David Goldblatt.
“On the one hand, the deep and profound importance of football to innumerable numbers of people and its reliance as a spectacle and a social phenomenon on a real human crowd, interacting with the thing on the pitch,” he told Al Jazeera.
“And then of course it’s revealed all the madness of the business model, at the level of individual clubs and in the game as a whole.”
FIFA estimates that COVID-19 is likely to cost football $14bn this year – about one-third of its value. It has posed an existential threat to many clubs often already floundering under debt and mismanagement amid wider inequality.
Even some of the world’s richest clubs have deferred salaries and payments, taken on huge loans, asked players to take pay cuts and furloughed or laid off staff – Arsenal’s Mesut Ozil even offered to save the club’s mascot Gunnersaurus from redundancy.
Andrew Warshaw, chief correspondent at Inside World Football, told Al Jazeera smaller clubs who rely on matchday revenue have suffered most. Many clubs and entire leagues facing the prospect of collapse have been forced to seek bailouts.
“The biggest problem is really in the lower leagues and non-league football, because these clubs are struggling even to exist. They don’t have the TV revenue to fall back on,” he said.
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The Olympic Stadium in Caracas is seen with empty stands due to the coronavirus pandemic, taken before the start of the closed-door 2022 FIFA World Cup South American qualifier football match between Venezuela and Chile
Empty stands
Reservations over the safety and wisdom of playing on during a pandemic were generally overruled by the brutal truth that the sport could not afford to forfeit the colossal broadcast revenues at stake.
While some countries cancelled their seasons, many leagues and competitions returned in May or June to play in empty stadiums – under strict testing and distancing protocols.
Liverpool saw out their first league title victory in 30 years playing in empty grounds. Continental club competitions returned in abbreviated formats – Bayern Munich won a Champions League that was packed into a couple of weeks in August.
Matches without fans – what the Germans call “Geisterspiele” (or ghost games) – played out to eerie soundscapes; whether from the cries of players made audible amid an ambient hum of absent fans or the artificial crowd noises added by broadcasters that jarred with shots of empty seats and often failed to compute with the messiness of real matches.
Montague says tensions between the idea of football clubs as institutions rooted in local communities and their status as globalised brands have been brought into even sharper relief this year – and the longer restrictions are in place, the greater the threat to fan culture.
“At the beginning of the pandemic I thought: it’s terrible how fans aren’t there but it’s also showing how important fans are – not just to the atmosphere, but also to the business model of football,” Montague said.
“But as it’s gone on, you start to see how people who run clubs, who run organisations in football see the need to exploit this window of opportunity to try to push through the reforms that would never have been possible before.”
Some clubs and officials – including Real Madrid’s President Florentino Perez – appeared increasingly determined to push for an elite breakaway European super league during the pandemic.
Meanwhile, English Premier League clubs in October rejected the controversial Project Big Picture plan devised by Manchester United and Liverpool, which had proposed more revenue and a financial rescue package for lower league clubs in exchange for the concentration of power among English football’s elite.
Playing on
The pandemic has often produced erratic football matches and wild score-lines, as well as more penalties and goals in many leagues.
Aston Villa beat reigning champions Liverpool 8-2, Bayern Munich humbled Barcelona by the same score in their Champions League quarter-final – leading to a thoroughly disgruntled Lionel Messi. Arsenal could not win a league match for almost two months.
“I think the fact that fans have not been able to attend home games, and the lack of pressure of having to perform in front of a packed audience, has led actually to free-flowing football by most clubs, and that’s why you’re getting these strange, bizarre results every other week,” said Warshaw.
Research by the Institute of Labor Economics found that in many leagues home advantage prevailed but was often less marked in empty stadiums and that referees awarded fewer yellow cards to away teams.
Many players tested positive for COVID-19 – including Cristiano Ronaldo, Zlatan Ibrahimovic and Mohamed Salah – and picked up injuries amid a congested fixture list.
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AC Milan’s Swedish forward Zlatan Ibrahimovic already played a lot pre-COVID, but having to squeeze all these games into such a short space of time is bound to have an impact on players’ physical and mental wellbeing,” Warshaw said.
Women’s football has also taken a huge hit, with many leagues cancelled in 2020. In a report on COVID-19 published in November, the global players’ union Fifpro found that in 26 percent of surveyed countries women’s clubs were not included in the return to play protocols.
Fifpro General Secretary Jonas Baer-Hoffmann said wage cuts, job losses and a lack of support meant there was a “real danger that progress towards gender equality in parts of world football will be set back years”.
Meanwhile, debates over altered offside and handball rules, as well as the application of the VAR (video assistant referee) technology system, have become noticeably more acrimonious this year, Montague said.
“Having more people watching in front of televisions and screens is exacerbating that problem somewhat I think,” he said.
There were some heart-warming football stories this year; Japanese football legend “King Kazu” aka Kazuyoshi Miura, 53, set a new record in September when he became the oldest starter in the history of the country’s elite division. Celtic player Ryan Christie was overcome with emotion in an interview after Scotland qualified for its first major tournament since 1998.
And, while athlete activism is nothing new, footballers in 2020 have increasingly spoken out on political, social, and environmental issues. “This is on a scale, depth and reach that is really unprecedented,” Goldblatt said.
Footballers joined a FIFA and World Health Organization campaign against domestic violence during lockdowns. Many players repeatedly demonstrated support for the racial justice movement Black Lives Matter.
Manchester United striker Marcus Rashford has become a powerful force for social activism in the UK against hunger – twice forcing the British government to back down and reverse its policy over free school meals – as well as promoting reading and literacy.
Barcelona’s Antoine Griezmann cut his ties with Chinese telecommunications company Huawei over its alleged role in the surveillance of the persecuted Uighur Muslim minority.
But of course it has also been a year of profound loss in the football world.
Iraqi football legend Ahmad Radhi died after contracting COVID-19.
In 2020 the world also mourned the deaths of legendary Italian striker Paolo Rossi, former Liverpool manager Gérard Houllier, England’s 1966 World Cup winners Jack Charlton and Nobby Stiles, and Argentine great Diego Maradona.
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Diego Maradona, then Argentina’s coach, waves to supporters prior the 2010 World Cup quarter-final match Argentina vs. Germany in Cape Town, South Africa
Looking ahead
Fans began returning to many stadiums across the world in the latter months of the year until surging infections and mutant strains emptied many stands again in December.
“ human cost – physically, mentally, and financially – is going to linger long after vaccines are rolled out worldwide,” Warshaw said.
Meanwhile, other trends loom on the horizon.
“A big story of 2021 will also be Brexit, and how that affects the Premier League,” said Montague, “and how much of a benefit there is going to be for other big clubs in Europe who can take advantage of the chaos.”
From January 1, 2021, all foreign players in the UK will be subject to a points based threshold, and British clubs will no longer be able to sign foreign players below the age of 18.
Goldblatt, meanwhile, pointed out that the pandemic is linked to environmental factors and the climate crisis, which will have increasingly stark implications for football and which the sport has to address now.
His research has found that the stadiums of 23 of the 92 English Football League clubs will experience partial or total flooding by 2050.
“Grimsby Town better take up water polo ASAP,” he said.
Goldblatt says football – as a sport of comebacks, shock victories, and deep cultural and political reach – generates collective hope and can play a vital role in climate activism.
“Maybe I am being too corny, but hope is a precious commodity. I don’t actually experience it in most of my life, spiritually or politically. But I do in football.”
#sport Read full article: https://expatimes.com/?p=16236&feed_id=26000 #coronaviruspandemic #europe #football #news #sports #unitedkingdom
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orbemnews · 4 years ago
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One Vaccine Facet Impact: World Financial Inequality LONDON — The top of the pandemic is lastly in view. So is rescue from essentially the most traumatic international financial disaster because the Nice Despair. As Covid vaccines enter the bloodstream, restoration has change into actuality. However the advantages will likely be removed from equally apportioned. Rich nations in Europe and North America have secured the majority of restricted shares of vaccines, positioning themselves for starkly improved financial fortunes. Creating nations — house to most of humanity — are left to safe their very own doses. The lopsided distribution of vaccines seems sure to worsen a defining financial actuality: The world that emerges from this terrifying chapter in historical past will likely be extra unequal than ever. Poor nations will proceed to be ravaged by the pandemic, forcing them to expend meager assets which might be already stretched by rising money owed to lenders in america, Europe and China. The worldwide financial system has lengthy been cleaved by profound disparities in wealth, schooling and entry to important components like clear water, electrical energy and the web. The pandemic has educated its loss of life and destruction of livelihood on ethnic minorities, ladies and lower-income households. The ending is probably going so as to add one other division that might form financial life for years, separating nations with entry to vaccines from these with out. “It’s clear that creating nations, and particularly poorer creating nations, are going to be excluded for a while,” stated Richard Kozul-Wright, director of the division on globalization and improvement methods on the United Nations Convention on Commerce and Growth in Geneva. “Regardless of the understanding that vaccines have to be seen as a worldwide good, the availability stays largely below management of enormous pharmaceutical firms within the superior economies.” Worldwide support organizations, philanthropists and rich nations have coalesced round a promise to make sure that all nations acquire the instruments wanted to battle the pandemic, like protecting gear for medical groups in addition to assessments, therapeutics and vaccines. However they’ve didn’t again their assurances with sufficient cash. The main initiative, the Act-Accelerator Partnership — an endeavor of the World Well being Group and the Invoice and Melinda Gates Basis, amongst others — has secured lower than $5 billion of a focused $38 billion. A bunch of creating nations led by India and South Africa sought to extend the provision of vaccines by manufacturing their very own, ideally in partnership with the pharmaceutical firms which have produced the main variations. In a bid to safe leverage, the group has proposed that the World Commerce Group waive conventional protections on mental property, permitting poor nations to make reasonably priced variations of the vaccines. The W.TO. operates on consensus. The proposal has been blocked by america, Britain and the European Union, the place pharmaceutical firms wield political affect. The business argues that patent protections and the income they derive are a requirement for the innovation that yields lifesaving medicines. Proponents of suspending patents notice that many blockbuster medication are dropped at market by way of government-financed analysis, arguing that this creates an crucial to put social good on the coronary heart of coverage. “The query is admittedly, ‘Is that this a time to revenue?’” stated Mustaqeem De Gama, councilor on the South African mission to the W.T.O. in Geneva. “We have now seen governments closing down economies, limiting freedoms, but mental property is seen to be so sacrosanct that this can’t be touched.” Within the rich nations which have secured entry to vaccines, aid from the financial catastrophe introduced on by the general public well being emergency is underway. The restrictions which have shut down companies might be lifted, bringing significant financial advantages as quickly as March or April. For the second, the image is bleak. The United States, the world’s largest financial system, has suffered loss of life tolls equal to a 9/11 day-after-day, making a return to normalcy seem distant. Main economies like Britain, France and Germany are below recent lockdowns because the virus maintains momentum. However after contracting 4.2 p.c this 12 months, the worldwide financial system seems set to develop by 5.2 p.c subsequent 12 months, in accordance with Oxford Economics. That forecast assumes annual progress of 4.2 p.c in america and a 7.8 p.c enlargement in China, the world’s second-largest financial system, the place authorities motion has managed the virus. Europe will stay a laggard, given the prevalence of the virus, in accordance with IHS Markit, with the continent’s financial system not returning to its precrisis dimension for 2 years. However a deal struck between Britain and the European Union on Thursday, preserving a lot of their buying and selling relationship after Brexit, has eased the worst fears a few slowdown in regional commerce. Up to date  Dec. 26, 2020, 6:29 p.m. ET However by 2025, the long-term financial injury from the pandemic will likely be twice as extreme in so-called rising markets in contrast with rich nations, in accordance with Oxford Economics. Such forecasts are notoriously inexact. A 12 months in the past, nobody was predicting a calamitous pandemic. The variables now confronting the worldwide financial system are particularly huge. The manufacturing of vaccines is fraught with challenges that might restrict provide, whereas their endurance and effectiveness aren’t totally understood. The financial restoration will likely be formed by questions of psychology. After essentially the most profound shock in reminiscence, how will societies train their freedom to maneuver about as soon as the virus is tamed? Will folks liberated from lockdowns pack collectively in film theaters and on airplanes? Any lingering disinclination towards human congregation is prone to restrict progress within the leisure and hospitality industries, that are main employers. The pandemic has accelerated the advance of e-commerce, leaving conventional brick-and-mortar retailers in an particularly weakened state. If a permanent sense of tension prompts consumers to keep away from malls, that might restrict job progress. On-line retailers like Amazon have aggressively embraced automation, that means that a rise in enterprise doesn’t essentially translate into high quality jobs. Many economists assume that because the vaccines ease concern, folks will surge towards experiences which have been off limits, thronging eating places, sporting occasions and vacation locations. Households have saved up as they’ve canceled holidays and entertained themselves at house. “If folks’s spirits are eased, and a few of the restrictions are lifted, you might see a spending splurge,” stated Ben Could, a worldwide economist at Oxford Economics in London. “Lots of this will likely be concerning the velocity and diploma to which individuals return to extra regular behaviors. That’s very laborious to know.” However many creating nations will discover themselves successfully inhabiting a unique planet. The USA has secured claims on as many as 1.5 billion doses of vaccine, whereas the European Union has locked up almost two billion doses — sufficient to vaccinate all of their residents after which some. Many poor nations might be left ready till 2024 to completely vaccinate their populations. Excessive debt burdens restrict the power of many poor nations to pay for vaccines. Personal collectors have declined to participate in a debt suspension initiative championed by the Group of 20. Promised support from the World Financial institution and the Worldwide Financial Fund has proved disappointing. On the I.M.F., the Trump administration has opposed an enlargement of so-called particular drawing rights — the fundamental foreign money of the establishment — depriving poor nations of further assets. “The worldwide response to the pandemic has basically been pitiful,” stated Mr. Kozul-Wright on the U.N. commerce physique. “We’re frightened that as we transfer into the distribution of the vaccines, we’re going to see the identical once more.” One factor of the Act-Accelerator partnership, often known as Covax, is supposed to permit poor nations to purchase vaccines at reasonably priced costs, but it surely collides with the truth that manufacturing is each restricted and managed by profit-minded firms which might be answerable to shareholders. “Most individuals on the earth reside in nations the place they depend on Covax for entry to vaccines,” stated Mark Eccleston-Turner, an knowledgeable on worldwide regulation and infectious illnesses at Keele College in England. “That’s a rare market failure. Entry to vaccines will not be primarily based on want. It’s primarily based on the power to pay, and Covax doesn’t repair that drawback.” On Dec. 18, Covax leaders introduced a cope with pharmaceutical firms geared toward offering low- and middle-income nations with almost two billion doses of vaccines. The association, which facilities on vaccine candidates that haven’t but gained approval, would offer sufficient doses to vaccinate one-fifth of the populations in 190 taking part nations by the tip of subsequent 12 months. India is house to pharmaceutical producers which might be producing vaccines for multinational firms together with AstraZeneca, however its inhabitants is unlikely to be totally vaccinated earlier than 2024, in accordance with TS Lombard, an funding analysis agency in London. Its financial system is prone to stay susceptible. Even when plenty of individuals in poor nations don’t acquire entry to vaccines, their economies are prone to obtain some spillover advantages from wealthier nations’ return to regular. In a world formed by inequality, progress can coincide with inequity. As shopper energy resumes in North America, Europe and East Asia, that can drive demand for commodities, rejuvenating copper mines in Chile and Zambia, and lifting exports of soybeans harvested in Brazil and Argentina. Vacationers will ultimately return to Thailand, Indonesia and Turkey. However some argue that the ravages of the pandemic in poor nations, largely unchecked by vaccines, might restrict financial fortunes globally. If the poorest nations don’t acquire vaccines, the worldwide financial system will give up $153 billion a 12 months in output, in accordance with a latest examine from the RAND Company. “You might want to vaccinate well being care staff globally so you may reopen international markets,” stated Clare Wenham, a well being coverage knowledgeable on the London College of Economics. “If each nation on the earth can say, ‘We all know all our susceptible persons are vaccinated,’ then we are able to return to the worldwide capitalist buying and selling system a lot faster.” Supply hyperlink #Economic #effect #Global #Inequality #side #Vaccine
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whichmortgage · 5 years ago
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Mortgage UK: Homeowners could cut costs by £6,000 via this simple trick - could you save?
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Getting a mortgage can provide the pathway to becoming a homeowner, or buying a dream home. Those who do have a mortgage may look for ways in which they can reduce the amount of interest they need to pay on the loan. The coronavirus pandemic is having a devastating impact across the world, with more than 41,698 people sadly having died in the UK, government figures report. The COVID-19 crisis is also having an economic impact. Mark Gordon, Director of Money at Comparethemarket.com has shared his insight on the mortgage market during the outbreak. “Before the coronavirus pandemic, the latest data suggested how strong the property and mortgage markets were, with mortgage approvals at a six-year high," he said. "Within the space of a few weeks, this stance has completely changed. “With in-person valuations and property viewings unable to take place, we have seen some lenders stop offering products to new customers looking for higher loan to value deals, so that they can focus on supporting their existing customer base and organise mortgage payment holidays. "The government also took the unprecedented decision to stop all house purchase transactions, in effect, freezing the market. “The uncertainty of Brexit lingered over the housing market for years. However, we’re confident that once this crisis is over we will see, hopefully, a quicker bounce back. "While it is going to be a tough and bumpy road to get there, we must remember the foundations of the market remain strong. "Most lenders let you overpay by 10 percent of the mortgage every year. You can see if yours does this by checking your mortgage documents. "You can overpay either as one lump sum or by increasing your payments a little each month. "Doing it as one lump sum might be preferable at a time like this, because it gives you more flexibility in case you need those cash savings later on, for something urgent." However, Ms Stephenson warned of some watch-outs to be aware of. She said: "But make sure you speak with your lender to do this and tell them explicitly that the reason you’d like to overpay is to reduce your mortgage term. "Otherwise, they might keep your term the same, and use your lump sum overpayment to reduce your monthly payments. "The other big watch-out is for any early-repayment-charges or ERCs - this is a penalty fee applied if you go over the maximum repayment amount in the year, so check your terms & conditions for your specific lender's rules on this. "And like always, make sure you've got the best existing mortgage deal, on the lowest interest rate possible, before you start overpaying. That way any extra money you overpay will go towards reducing your mortgage, not just lining the banks’ coffers." Click here to view original web page at www.express.co.uk Read the full article
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