April 25, 2022 As per the Digital Services Act (DSA), tech giants such as Facebook and Google will be expected to moderate illegal content on their platforms. It's the second part of the bloc's project seeking to rein in tech giants. The European Union countries and EU lawmakers on Saturday agreed on new rules requiring
April 22, 2022 The seasonally adjusted Producer Price Index for final demand gained 1.4% in March 2022, according to the US Bureau of Labor Statistics. Following gains of 0.9% in February and 1.2% in January 2022. Final demand prices increased 11.2% for the 12 months ended March 2022 on an unadjusted basis, the largest increase since
April 22, 2022 Advance estimates of retail and food services sales in the United States for March 2022, adjusted for seasonal variation and holiday and trading-day differences but not for price changes, were $665.7 billion, a 0.5% increase from the previous month and a 6.9% increase from March 2021. Total sales increased 12.9% from January
April 22, 2022 The Statistical Institute of Jamaica (STATIN) reported that the unemployment rate for January 2022 was 6.2 per cent compared to 8.8 per cent for the same quarter of 2021, the lowest unemployment rate in Jamaica's history. In January 2020, before the coronavirus (COVID-19) pandemic, the unemployment rate was 7.3 per cent, there
April 19, 2022 According to the April 2022 Euro-area Bank Lending Survey (BLS), credit standards – i.e. banks’ internal guidelines or loan approval criteria, for loans or credit lines to enterprises, tightened. Regarding loans to households for house purchase, euro area banks reported a slight net tightening of credit standards, while credit standards for consumer
April 19, 2022 In March 2022, the number of commercial flights in the EU increased by 156% compared with March 2021. However, this is still below the pre-pandemic levels (-27% compared with March 2019). In absolute terms, the number of commercial flights stood at 389,181 in March 2022, compared with 151,986 in March 2021, 296,362 in March
April 13, 2022 Just as the postage stamp became less relevant with the arrival of the internet and email, so too could cash lose relevance in a digital economy. The use of cash in payments is declining as people increasingly prefer to pay digitally and shop online. In the euro area, half of consumers now
April 11, 2022 The Russian invasion of Ukraine is a watershed for Europe. The Governing Council expresses its full support to the people of Ukraine. It will ensure smooth liquidity conditions and implement the sanctions decided by the European Union and European governments. The Governing Council will take whatever action is needed to fulfil the
April 08, 2022 BOJ has reported that Jamaica’s Net International Reserves as at March 31, 2022 amounted to US$3,675.85 million, reflecting an increase of US$86.53 million relative to the US$3,589.32 million reported at the end of February 2022. Foreign Assets totalled US$4,323.66 million, US$64.03 million more than the US$4,259.63 million reported in February 2022. ‘Currency
April 6, 2022 According to Eurostat’s recent report, the EU fourth quarter of 2021, seasonally adjusted current account balance recorded a surplus of €49.6 billion, which is 1.3% of GDP. This represents a decrease of €20 billion, from the third quarter surplus of €69.6 billion, which was 1.9% of the GDP. Also, €75.8 billion less
