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...The US has often chafed at these central costs, which totalled $6.4bn last year, or almost 13 per cent of the group’s global revenue....
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...Treasury secretary Janet Yellen raised the issue of Chinese overcapacity during a visit to Beijing this month....
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...The lack of concerted effort by Beijing has added to downward pressure on the renminbi, which is down more than 6 per cent against the dollar this year....
...Tension between America and China was so bad a year ago that Janet Yellen could not get permission to go there. Now the US Treasury secretary is a social media hit in China....
...US unemployment: New applications for US state unemployment aid are expected to come in at 215,000 in the week ending April 6, down from 221,000 in the prior week....
...There were also cheesy 1970s eruptions of garish colour: a doe-eyed Bambi in the snow and kittens beside Christmas trees....
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...Economists polled by Reuters forecast consumer prices rose 0.6 per cent in March from the previous month. Chile’s central bank publishes trade figures that cover last month....
...Separate data released on Thursday showed consumer prices rose at an annual rate of 1.7 per cent in the fourth quarter, down from 2.6 per cent three months earlier....
...However, the CEA calculates, using research by Janet Yellen before she became Treasury secretary, that 80 per cent of recent disinflation was due to supply swings....
...The World Health Organization this month estimated that about 6 per cent of those who contract the disease end up with long Covid, defined as the continuation or development of symptoms three months after...
...The move brings Vietnam in step with a global minimum tax rate, which was backed by US Treasury secretary Janet Yellen and agreed by nearly 140 countries at the OECD in 2021....
...Need to know: global economy Industrial output in China rose 6.6 per cent year on year in November, while retail sales came in lower than expected, rising 10.1 per cent....
...It now stands at 55.6. Listed companies do seem more reluctant to keep chief executives well into their seventies or eighties....
...Janet Yellen has a plain and simple explanation for the rising 10-year yield....
...A default that drags on for longer could lead to 8.3mn job losses and a 6.1 per cent decline in GDP. Borrowing costs in both scenarios would rise....
...The headline measure, including more volatile food and energy prices, held steady at 2.6 per cent....
...Previous acts and artists include The 1975, Katy Perry, Noel Gallagher’s High Flying Birds and Janet Jackson....
...Janet Yellen, the US Treasury secretary, said she strongly disagreed with Fitch, calling the rating change “arbitrary and based on outdated data”....
...Janet Yellen: After a critical few weeks for the financial sector, Treasury secretary Janet Yellen is set to address the American Bankers Association’s Washington summit to discuss the US economy and the...
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