Is Lagarde doing a Draghi on ECB board. Publicly committing to dovish stance to stifle hawks. Will hawks adapt? Run low & silent until meeting in September, hoping that Lagarde's dovishness lulls markets into easing -> allowing hawks to make their case? Great thread from @fwred twitter.com/fwred/status/1…
"Economic relations are relations of peace" @Lars_Feld making a plea for "doux commerce" it seems. twitter.com/wiwo/status/14…
German car industry is governed by collective contracts. Car industry is increasingly a tech sector. Tech sector labour market is a free for all. What do you do if you are VW or Daimler? A new special collective contract for software specialists. twitter.com/MonikaSchnitze…
Delegates from 174 countries plus industry observers at the meeting of International Maritime Organization, the powerful UN body that regulates shipping are discussing measures this week to cut global fleet’s carbon intensity by 40% by 2030. Its tricky! ft.com/content/5090ba… https://t.co/fvOTNZacjn
RT @BachmannRudi: “In ihrer Bayreuther Erklärung haben die Kanzler der deutschen Universitäten vor zwei Jahren unmissverständlich deutlich…
The surge in German electricity prices from 2009 created very significant and regressive disparities in energy budget burden = framing condition for current debate about energy transition. It is already a situation of stress. Next moves have to be carefully calculated. twitter.com/OdendahlC/stat…
In-depth study shows that only marginal increases in rail capacity would be necessary in France to end all air travel that can be covered by rail within 4 hours. twitter.com/Lorelei350/sta…
The pandemic has exposed weaknesses in Germany's education system that are, as @MonikaSchnitzer rightly emphasizes, of much longer standing. twitter.com/MonikaSchnitze…
RIP German coal exit deal of 2019. Ridiculously over-complex and slow it has been left behind by accelerating pace of climate action and surge in EU-ETS prices. Coal will likely go by 2030. twitter.com/AgoraEW/status…
RT @AgoraEW: #Kohleausstieg 2030: Green Deal und Klimaschutzgesetz sorgen dafür, dass Deutschlands Ausstieg aus der Kohle deutlich früher k…
Feb Biden commissioned Pentagon’s China Task Force under Ely Ratner, nominee to serve as Pentagon’s top Indo-Pacific policy official. It has just completed its work and presented recommendations to Defense Secretary Lloyd Austin. Expect new initiatives! politico.com/news/2021/06/1… https://t.co/APfkya6bR8
RT @emilyctamkin: "This is not a cold war as a confrontation between two separate political, ideological and economic regimes, but rather a…
@a_presbitero @fdhassan @FTAlphaville Thank you for bringing it all to our attention. Please ping me on any further stuff you do in this direction and let me know if you come across could sources for following the story. Double crisis in Lebanon-Syria seems underreported.
The gaming platform Roblox, with its 150 million monthly users, created buzz last month when a digital-only Gucci bag sold for $4,115 — a higher price than a real one from the Italian luxury brand. asia.nikkei.com/Business/Media… https://t.co/71e4dPakKX
Caesar Act sanctions v Syria approved by Trump admin in Dec 2019. Supported by the EU -> Depreciation of Syrian pound by c 70% of its value v $ -> spurred inflationary spiral -> food prices almost tripled in 2020. @fdhassan @a_presbitero on mounting crisis ft.com/content/b06ad8… https://t.co/JqsKL9EcHa
"Pentagon is considering establishing permanent naval task force in Pacific plus a named military operation that would enable defense sec to allocate additional dollars and resources to China problem” = first fruit of Pentagon China review? @laraseligman politico.com/news/2021/06/1… https://t.co/X4R5WzL98C
"North Korean dictator Kim Jong Un has warned of food shortages and urged officials to boost agricultural production as the country struggles with pandemic-related border closures, crippling economic sanctions and a series of typhoons and floods.” ft.com/content/f39a97… https://t.co/MQHM9TtNyf
Biden admin has publicly said it is ending the war in Afghanistan in part to free up resources to meet the challenge of China. The expectation that Beijing will get sucked in may well have played a part in US decision to leave. Quite the moment! ft.com/content/d1e2f1… https://t.co/wTVcmnu0AH
Civil war US Sanctions Lebanon’s financial crisis, which is key hub for Syrian wealth and trade Covid are piling on an acute econ and social crisis in Syria which should not be ignored. Kudos to @fdhassan and @a_presbitero @FTAlphaville raising alarm! ft.com/content/b06ad8… https://t.co/MIy3mWEVFF
RT @AngelUbide: It should be clear by now that agreeing to have #eurobonds was a very good idea, not only it made the euro area much more s…
As US is discovering, it is far easier to shed jobs than to sort folks back into work once temporary furlough job losses have been unwound. It may lead to increased productivity. In meantime the advantages of European short-time working are obvious. economist.com/finance-and-ec… https://t.co/Gz3gyYEPmv
Fully 10,000 cryptocurrencies are listed on CoinMarketCap, a website, nearly twice as many as a year ago. 779 are fully featured coins. Bitcoin accounts for 40% of the total value of all cryptocurrencies today, compared with 70% in January 2021! economist.com/finance-and-ec… https://t.co/TIWjvgaHHK
Bitcoin faces some increasingly serious competition in the cryptospace! Useful explainer this by @TheEconomist economist.com/finance-and-ec… https://t.co/ydxSxkrVCU
On June 9th China reported that factory-gate prices rose at an annual rate of 9% in May, the highest in more than a decade. On top of soaring shipping costs this stokes fears of inflation. economist.com/finance-and-ec… https://t.co/URREZBCu9Q
“In the face of a perfect storm of planetary crises, the world’s richest democracies have responded with a plan to make a plan.” @LaurenceTubiana ft.com/content/78cae1… https://t.co/GtYCzlCjHG
Greece’s five-year bond yield fell below 0 for the first time on Monday after ECB’s decision to maintain pace of its asset purchase programme. Investors are prepared to pay Athens to borrow for up to half a decade, despite debts soaring to 200 %of GDP. ft.com/content/db66bc… https://t.co/Wt4yWs9mpr
GE & Safran extend their engine joint venture, CFM International, by another 10 years to 2050. CFM is world’s largest jet engine maker. Its Leap engines power both the Boeing 737 Max and Airbus A320neo planes. They now plan a 20% more efficient jet engine. ft.com/content/22449b… https://t.co/WZGabkZVLJ
"This was the age when TV really supplanted print, and when the intellectuals Debray describes as prophétique (such as Jean-Paul Sartre) and spécifique (such as Michel Foucault) made way for those he dismisses as cathodique (such as Bernard-Henri Lévy).” firstthings.com/article/2021/0… https://t.co/8oKNJTSkrr
The world’s longest undersea electric cable is set to be switched on this week: 720km interconnector btw UK and Norway. At €2bn North Sea Link is joint venture between the UK’s National Grid and Norway’s Statnett = key to UK energy transition strategy. ft.com/content/399c1c… https://t.co/6B31Rvleg9
Under impact of oil price falls, Algeria’s foreign reserves have plunged from $200bn in 2014 to $45bn in Jan 2021. It has no foreign debt but that is about the only thing it has going for it. ft.com/content/07691f… https://t.co/DO5NJFGjbc
With $305 bn of liabilities — including $ bonds that sit in portfolios from KH to London & NYC — Evergrande is world’s most indebted real estate company & one of most systemically important borrowers in China. So slide of its share price is worrying! bloomberg.com/news/articles/… https://t.co/n5TdQBcgT7
The renminbi has strengthened almost 10% against the dollar in the past year and hit a three-year high in May -> Beijing issues a cumulative $147bn of approvals main retail foreign investment scheme to encourage capital export. ft.com/content/4170c0… https://t.co/ttX3FSmQUa
RT @DEHEdgerton: Great find – these quotas are HUGE: rising to much more than half UK beef imports, and higher than historic peak – 1959 -…
“The last time Nato put together a strategic plan was back in 2010, when Russia was considered a partner, and China wasn’t even mentioned,” ft.com/content/f45403… https://t.co/JJGJ1j3p0B
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