Biden Administration to Reveal Hydrogen Hub Grant Winners on Friday, Sources Say”
Biden’s $7 billion hydrogen hub grants for clean energy align with his 2050 green goals, with Philadelphia in the running.
Economy
Sterling Slips Against Dollar, Yet Remains Near 1.5-Week High
British Pound Faces Fluctuations Amidst Positive Economic Data and Strong US Dollar
Rohit Chopra Warns of U.S. Finance Trends Resembling China’s Surveillance Model
The leader of the CFPB is considering a fresh regulation aimed at limiting the excessive gathering of individuals’ financial information by American tech firms.
Top Treasury Lawyer Expects Brazil to Surpass Revenue Projections for Tax Disputes
Brazil’s government aims to balance its budget by securing significant revenue from tax disputes, backed by Treasury Attorney General Anelize Almeida’s confident approach and recent rule changes, as doubts linger over fiscal forecasts.
Middle East Conflict Boosts Oil and Bonds, Drives Stock Market Decline
Middle East Conflict Sparks Oil and Bond Price Surge, Weighs on Stocks and Israeli Assets. Strong U.S. Jobs Report Adds to Inflation Expectations.
US Dollar Gains as Investors Seek Safety Amid Israel-Palestinian Conflict
Investor Confidence Wavers Amidst Israel-Palestine Conflict, Boosting US Dollar and Japanese Yen
Private Payrolls Report Dents Dollar, Boosts Yen and Euro: SEO Aligned Title
Yen and Euro Get a Boost Amidst U.S. Job Market Slowdown, Dollar’s Stumble, and Rate Predictions.
Chile Slashes 2023 Economic Outlook Amid Growing Recession Concerns
Chile revises 2023 GDP projection to 0% amid recession concerns, with public debt on the rise, as high interest rates and economic challenges persist, while policymakers cut rates in response to inflation.
The US Treasury Imposes Sanctions on Fentanyl Manufacturers in China and Canada
The Treasury Department takes decisive action against fentanyl production and distribution in the US, designating 28 individuals and entities from China and Canada. This move includes freezing assets and banning transactions, with Deputy Secretary Adeyemo emphasizing a commitment to target all beneficiaries of illicit drug trade, signaling a strong stance on the fentanyl crisis and its devastating impact on the country.
Consumer Advocates Call for Enhanced Privacy in Digital Euro Usage
Finance Watch, a consumer advocacy group, emphasizes the necessity of enhanced privacy safeguards for the digital euro amidst growing surveillance concerns. As central banks, including the European Central Bank, explore digital currencies, Finance Watch’s call for robust privacy measures aims to reduce dependence on major payment companies and address potential market concentration. EU financial services chief Mairead McGuinness urges careful law approval, echoing the Bank of England’s concerns about digital pound surveillance.