Overseas Headlines – January 4, 2022

United States:

White House Likely to Nominate Philip Jefferson for Fed Seat

“The White House is likely to nominate economist Philip Jefferson for a seat on the Federal Reserve’s board of governors, according to people familiar with the matter, an appointment that would make him just the fourth Black man to hold the position in the central bank’s more than 100-year history. With a doctorate in economics from the University of Virginia, Jefferson is the vice president for academic affairs, dean of faculty and an economics professor at Davidson College in North Carolina.”



U.K. Hiring Set for Boost From Demand for Instant Service Online

“U.K. companies are gearing up to hire more workers to satisfy growing demands from consumers to buy products and services instantly online, a survey showed. Lloyds Bank Plc said 47% of the 600 businesses it surveyed plan to add staff in the medium term, with more than a third saying it’s a priority to develop new products and services. At least 30% expect to increase sales through the internet.”



Asia’s Factory Engines Power Through Omicron Headwinds

“The world’s biggest manufacturing region appears to be shaking off the surge in omicron infections, at least for now. That’s the early take from key gauges of manufacturing activity for the Asia region that showed output continued to hold up through December, even as the latest virus variant multiplies at a dizzying speed from France to Australia.”



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