United States:
Biden’s Solar Plans Run Into a Chinese Wall
“A new and unexpected obstacle to President Joe Biden’s green ambitions has emerged: a tiny solar-power company based in San Jose. Auxin Solar Inc., which accounts for all of 2% of U.S. solar-module manufacturing, recently persuaded the Commerce Department to open a potentially devastating trade inquiry.”
Europe:
U.K. Manufacturers Increase Prices at Fastest Rate Since 1979
“U.K. manufacturers raised prices at the fastest pace in more than four decades in a bid to cover soaring raw material and energy costs, and a further acceleration is expected, according to the Confederation of British Industry.”
Asia:
Inflation More Worrisome Than Growth, Bank of Korea’s Rhee Says
“The Bank of Korea should stay on a path to policy normalization as inflation remains a more pressing concern than a slowdown in economic growth, Governor Rhee Chang-yong said. “I’m more worried about inflation so far,” the newly installed governor said Monday in his first meeting with media since taking office last week.”
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