By Bryan Jung Janet Yellen, secretary of the U.S. Treasury, was in India to promote “friendshoring” to protect supply chains from unreliable countries like China and Russia. The pandemic, supply chain problems, and rapidly changing geopolitical…
economy
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FEATUREDHEADLINE NEWSUSA & WORLD
Fed Raises Interest Rates by 0.75 Percentage Point to Highest Level Since 2008
by EditorKBy Andrew Moran The Federal Reserve raised the benchmark federal funds rate by 75 basis points to a target range of 3 percent to 3.25 percent on Sept. 21, matching…
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By Petr Svab Anybody holding an investment in China should withdraw it or face the risk of losing the money altogether, warned hedge funder Kyle Bass. Not only is the Chinese economy in…
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CANADAFEATUREDHEADLINE NEWSUSA & WORLD
US in Talks With Allies on Russian Oil Price Cap, Says Yellen
by EditorTBy Reuters TORONTO—The United States is in talks with Canada and other allies to further restrict Moscow’s energy revenue by imposing a price cap on Russian oil, Treasury Secretary Janet Yellen said on Monday.…
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FEATUREDHEADLINE NEWSUSA & WORLD
Workers Who Maintain Supply Chains Warn of Worldwide ‘System Collapse’
by EditorKBy Jack Phillips Several industry groups have warned world leaders of a worldwide supply-chain “system collapse” due to pandemic restrictions, coming as Federal Reserve Chairman Jerome Powell suggested that the…