Overseas Headlines – April 29, 2021

United States:

Weaponizing Dollar Risks Echo of Sterling’s Decline, Study Says

“U.S. officials leveraging the dollar’s dominance as a reserve currency to wield influence should heed the lessons of the Sterling Area’s decline, according to a newly published study. The paper, released this month by the Centre for Economic History at Queen’s University Belfast, looks at how international monetary leadership can end by chronicling the disintegration of the pound’s hold on the global economy in the decades after World War II.”



U.K. Online Job Advertisements Rise Above Pre-Pandemic Levels

“Online job advertisements in the U.K. climbed above their pre-pandemic level last week for the first time in more than a year as companies prepared for the easing of lockdown restrictions. The amount of posts climbed to 103% of the February 2020 average, up 4 percentage points on the previous week and above 100% for the first time since early March 2020.”



How India’s Vaccine Drive Crumbled and Left a Country in Chaos

“When India launched its Covid-19 vaccination drive in mid-January, the chances of success looked high: It could produce more shots than any country in the world and had decades of experience inoculating pregnant women and babies in rural areas. “Our preparation has been such that vaccine is fast reaching every corner of the country,” Prime Minister Narendra Modi said on Jan. 22. “On the world’s biggest need today, we are completely self-reliant. Not just that, India is also helping out many countries with vaccines.”




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