United States:
U.S. Agriculture Secretary Criticizes Price Exploitation
“The U.S. Agriculture Secretary said some recent price increases were the result of businesses “taking advantage” of the coronavirus pandemic and supply-chain disruptions to push up food costs. Food prices have soared globally in the past year as economies recover from the pandemic and amid a jump in energy and fertilizer costs. Transporters are also struggling to cope with the extra demand for goods, leading to huge delays at ports.”
Europe:
ECB Shift May Also End World’s Longest-Running Subzero Rates
“The world’s longest experiment in negative interest rates may be coming to an end, as officials in Denmark prepare to follow possible increases in borrowing costs in the neighboring euro zone.”
Asia:
China Tries a Balancing Act as Economy Hits Cross-Currents
“As China’s property slump slows its economy, there’s increasing focus on how the central bank and government are going to support growth. The central bank been encouraging banks to lend more to support the housing sector, prompting a record increase in credit in January. Despite that, the top 100 developers saw sales drop 40% in the month, prompting more easing of property curbs and lower rates in some cities.”
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