Amsterdam (ANP) – European banks ended negatively on the stock markets on Friday. The unrest in the banking sector in the US has caused a drop in investor confidence. American First Republic Bank collapsed again on Wall Street and appeared to be bailed out by authorities. ING fell 1.7 percent on Damrak and was the […]
US economic growth is lagging behind
economy•27 Apr ’23 at 15:30Author of the book: AP The US economy grew much less than economists had expected in the first quarter. Companies, among others, were more cautious and invested less. At the same time, consumer spending rose sharply as more cars were bought. In the quarter, American households spent less money. US economic […]
“Europe Closes US by Adopting New Crypto Law”
Last week, the European Parliament voted on the Markets in Crypto Assets Regulation (MiCa) law. The bill was passed with confidence. This puts the EU ahead of the US in the development of Web3 technology. It says Patrick McHenry, Chairman of the US House Financial Services Committee. America is lagging behind in crypto This is […]
Is the US banking crisis re-emerging due to the problems of the First Republic?
Another US bank is in big trouble. This time it’s about San Francisco-based, medium-sized First Republic Bank, which operates mainly regionally. The bank’s share price has been in free fall since Monday, and whether the bank will survive the weekend is now highly questionable. It would become the third US bank to fail – after […]
Prominent venture capitalist says crypto is dead in America
It’s easy to say that regulators in the US have made a major breach in the country’s crypto industry. A number of companies are considering exiting and some are already doing so. According to a major venture capitalist, the outcome of this exit is still unknown. “Crypto Is Dead in America” You can hear former […]
Raising the US debt ceiling foreshadows a bitter showdown between Republicans and Joe Biden
House of Representatives Speaker Kevin McCarthy spoke to reporters shortly after the bill to raise the U.S. debt ceiling was passed.Image by AP By one vote, he lost. After months of negotiations, Speaker Kevin McCarthy passed his first major bill through his Republican Party on Wednesday night. “We did our job,” McCarthy said afterward. It […]
Airbus CEO warns: Brussels green drives investors to US
The Inflationary Reduction Act, also known as the IRA, is good news for the greening of the aviation industry, according to Fourey, as it supports more sustainable jet fuels. But from a European perspective this is less good news. “It attracts investment to America, so it’s very unfavorable for European industry,” says Fourie. “As a […]
Bolton: ‘US Should Put Tactical Nuclear Weapons In South Korea’
SEOUL, April 25 (Reuters) Former US national security adviser John Bolton said on Tuesday that the US should put tactical nuclear weapons in South Korea to send a clear message to North Korea and fuel growing calls for the South to develop its own bombs. Bolton’s comments come as South Korean President Yoon Suk-yeol is […]
US makes Moroccan lithium more competitive
April 25, 2023 – 5:00 PM – Economy © The United States Senate-approved bill on Green Energy and Climate offers a tax credit of up to $7,500 for the purchase of an American electric car. The move will strengthen the competitiveness of lithium produced in Morocco, Israel, Jordan and other countries. According to the U.S. […]
Fears of a recession are growing in the US
economy•Apr 25 ’23 7:15 PMAuthor of the book: AP Consumer confidence in the U.S. fell to a nine-month low this month, according to a U.S. survey. Consumers mainly fear recession in the future. According to the Conference Board of Market Analysts, US consumer confidence fell to 101.3 in April, the lowest level since July last […]