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Category: Economy

The Global Economy is Entering Unfamiliar Territory: Supply Shortages are Acute in U.S

  • May 18, 2021
  • 0 Comments
  • By guardianmag
After a decade of worries about inadequate demand and spending power in the aftermath of the global financial crisis, signs of insufficient supply are now emerging. A lack of goods, services and...
Posted in Economy

Hungary Plans 50% Tax Cut on Crypto Earnings to Encourage Disclosure

  • May 15, 2021
  • 0 Comments
  • By guardianmag
Hungary plans to slash the tax on cryptocurrency earnings by 50% from next year in an effort to encourage investors to declare income from trading digital tokens such as Bitcoin.The government said...
Posted in Economy

Chip shortage to cost auto industry $110 billion in revenues in 2021

  • May 14, 2021
  • 0 Comments
  • By guardianmag
 Consulting firm AlixPartners said, the global deficit in semiconductor chips will cause the automakers to lose revenue of $ 110 billion this year, up from a previous estimate of $ 61 billion,...
Posted in Economy

The Lessons of Trump’s Disastrous Steel Tariffs and Failure to Revive the US steel Sector

  • May 12, 2021
  • 0 Comments
  • By guardianmag
 On March 23, 2018, former US President Donald Trump imposed 25% tariffs on steel imported from Canada, Mexico and the European Union, assuring Americans that the aim of these measures is to...
Posted in Economy

U.S. Gasoline Prices at it Highest since 2014 as Hacked Fuel Pipeline Shut

  • May 11, 2021
  • 0 Comments
  • By guardianmag
 U.S. gasoline prices at the pump jumped 6 cents in the latest week and could soon be headed for the highest level since 2014 due to the supply disruption caused by a cyber attack on the...
Posted in Economy

Ethereum (ETH) price exceeds $ 4,000 for the first time

  • May 10, 2021
  • 0 Comments
  • By guardianmag
 The cryptocurrency, Ethereum, crossed the level of $ 4,000 today, Monday, to reach a new peak for the third consecutive session, amid a bet on the possible expansion of its use base, which...
Posted in Economy

Sotheby’s to Accept Cryptocurrencies for the First Time in an Art Auction

  • May 10, 2021
  • 0 Comments
  • By guardianmag
 Auctioneers Sotheby's said on Tuesday it would accept Bitcoin and Ethereum as payment for an iconic Banksy artwork set to go under the hammer, a first for a physical art auction and the latest...
Posted in Economy

Is the United States Heading Towards a new Real Estate Bubble?

  • May 6, 2021
  • 0 Comments
  • By guardianmag
 The staggering rise of U.S. home prices is forcing thousands of aspiring buyers into grueling, often risky bidding wars, raising questions about whether the torrid housing market could be in a...
Posted in Economy

Oil prices fall as the pandemic scatters fuel sales in India

  • May 3, 2021
  • 0 Comments
  • By guardianmag
 Oil prices plunged on Monday, as a disastrous second wave of the Coronavirus pandemic in India undermined a recovery in fuel demand there, overshadowing optimism about a strong recovery in fuel...
Posted in Economy

German economy shrinks 1.7% amid COVID crisis

  • May 2, 2021
  • 0 Comments
  • By guardianmag
On Friday, data showed that the German economy contracted by 1.7 percent in the first quarter of this year.The lockdown measures, imposed in Germany since last November to contain the Coronavirus,...
Posted in Economy

Palladium tops $3,000 for first time amid undersupply

  • April 30, 2021
  • 0 Comments
  • By guardianmag
Palladium rose above $3,000 an ounce for the first time on Friday as the market worried about a shortage of the metal embedded by automakers in exhaust pipes to neutralize emissions.Palladium was -...
Posted in Economy

Why does the United States Buy Oil from abroad, Being the Largest Producer of it

  • April 30, 2021
  • 0 Comments
  • By guardianmag
The latest report issued by Standard & Poor's - which is one of the three major credit rating agencies in the world - stated that the share of US imports of Russian oil reached a record level and...
Posted in Economy

Economic Recovery Masks the Dangers of a Divided World

  • April 28, 2021
  • 0 Comments
  • By guardianmag
The recent meetings of the International Monetary Fund and the World Bank revealed that the global economy is recovering much faster than what was expected even 6 months ago, but the recovery in the...
Posted in Economy

Joe Biden wants to Reverse Trump’s Tax Cuts and tackle Tax loopholes

  • April 28, 2021
  • 0 Comments
  • By guardianmag
US President Joe Biden - in his speech to Congress this evening, Wednesday - offers to cancel the tax cuts for the rich that were approved under his predecessor Donald Trump, and to address the...
Posted in Economy

Digital Currency Ethereum jumps to Record High of $ 2,683.65

  • April 27, 2021
  • 0 Comments
  • By guardianmag
Ethereum, the world’s second largest cryptocurrency after Bitcoin, hit a record $ 2,683.65 on the Bitstamp Exchange on Tuesday. Ethereum trimmed its gains to 7.39 % at $ 2,640.18 by 19:00 GMT,...
Posted in Economy

OPEC: Washington’s approval of the NOPEC bill could put U.S. overseas assets, personnel at risk

  • April 23, 2021
  • 0 Comments
  • By guardianmag
OPEC Secretary-General Muhammad Barkindo said that Washington’s approval of the anti-organization NOPEC bill might threaten US interests abroad and endanger Americans and American assets.Mohamed...
Posted in Economy

Oil prices drop as India’s COVID-19 surge dents demand outlook

  • April 21, 2021
  • 0 Comments
  • By guardianmag
Oil prices fell for a second day on Wednesday, heading for it biggest daily drop in more than two weeks and weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand...
Posted in Economy

The War Against Financial Crimes: a Global System that Needs Restructuring

  • April 15, 2021
  • 0 Comments
  • By guardianmag
The global system for combating financial crime and money laundering suffers from many obstacles and loopholes that prevent the prosecution of suspicious funds, which requires governments to work...
Posted in Economy

China’s March trade surplus with United States at $21.37 billion

  • April 13, 2021
  • 0 Comments
  • By guardianmag
Reuters reported today, Tuesday, that China's trade surplus with the United States amounted to 21.37 billion dollars last March, down from 23.01 billion dollars last February.Reuters indicated that...
Posted in Economy

A Coalition of US Small Businesses Wants to Break Amazon’s Monopoly

  • April 7, 2021
  • 0 Comments
  • By guardianmag
An anti-"dominance" of Amazon over e-commerce in the United States called on the US administration to reconsider the rules of e-commerce and limit the group's control over the markets.The alliance -...
Posted in Economy

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