Page 53 - Eco News Today

Europe recorded almost as many locally caught cases of dengue in 2022 as it had over the previous 11 years, new figures from the European Centre for Disease Prevention and Control (ECDC) show.

Brent prices and spreads indicate the oil market is close to balance – with upside risks from low inventories and supply restraint by Saudi Arabia and its OPEC⁺ allies offset by downside risks from a slowing global economy.

Brexit has been an "economic disaster" for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing the UK decline in importance as a trading partner, German economists said.

The Federal Reserve and the European Central Bank may mop up as much as 90% of the money they pumped into banks over the last decade now that high inflation and interest rates make that extra liquidity unnecessary, a paper by a Fed economist showed on Thursday.

Oilfield activity slowed further this quarter, according to the latest survey of energy executives by the Federal Reserve Bank of Dallas, with declines in oil production and gas output indices.

The dollar languished near a one-month low against a basket of currencies on Thursday, after Federal Reserve Chair Jerome Powell stuck to his usual messaging at his semi-annual testimony, offering little room for surprise.

The United States on Wednesday imposed sanctions on Myanmar's defense ministry and two banks used by the ruling military junta to buy arms and other goods from foreign sources.

Fast-fashion giant Shein is seeking more warehouse space in Mexico as it expands e-commerce operations in the country, part of the company's budding plans to gain a bigger foothold in Latin America, said three people familiar with the project.

Argentina has directly asked U.S. President Joe Biden for support in the country's talks with the International Monetary Fund (IMF) to revamp its $44 billion debt deal, in a letter signed by regional leaders from Brazil, Mexico and elsewhere.

Argentine Interior Minister Eduardo 'Wado' de Pedro, an ally of powerful Vice President Cristina Fernandez de Kirchner, announced on Thursday he will run for the ruling Peronist bloc's presidential nomination in August primaries.