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Fed Chair Defends Current Policy, Says He Thinks About Inflation Night and Day
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Biden team mulls digital trade deal to counter China in Asia
Biden team mulls digital trade deal.
White House officials are discussing proposals for a digital trade agreement covering Indo-Pacific economies as the administration seeks ways to check Chinas influence in the region, according to people familiar with the plans.
Details of the potential agreement are still being drafted, but the pact could potentially include countries such as Australia, Canada, Chile, Japan, Malaysia, New Zealand and Singapore, according to one of the people, who asked not to be identified because the process isn t public.
The deal could set out standards for the digital economy, including rules on the use of data, trade facilitation and electronic customs arrangements, according to another person. It also would show the Biden administration is interested in pursuing new trade opportunities after spending its first months focused more on enforcing existing deals than advancing negotiations with the U
Top British Trade Negotiator Doesn’t Expect to Reach US-UK Trade Deal in the Short Run © REUTERS / HANNAH MCKAY
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Sputnik International
https://sputniknews.com/uk/202107141083380416-top-british-trade-negotiator-doesnt-expect-to-reach-us-uk-trade-deal-in-near-term/
Britain has signed an impressive amount of trade agreements after Brexit, but the most desirable deal with the US, seen by some as the only equivalent compensation for the European single market, remains in limbo.
The UK Secretary of State for International Trade, Liz Truss, said in an interview with Bloomberg Television on Tuesday that the UK-US free trade agreement wouldn’t be signed in the near future as London remains focused on achieving the “right deal” with Washington.
ECB Poised to Take Next Step in Revolutionizing Euro-Zone Money
Carolynn Look, Bloomberg News The Euro sculpture illuminated outside the Eurotower, the former headquarters of the European Central Bank (ECB) in Frankfurt, Germany, on Tuesday, Dec. 15, 2020. ECB Supervisory Board Chairman Andrea Enria said that the ECB is enabling payment of dividends within limits. Photographer: Alex Kraus/Bloomberg , Bloomberg
(Bloomberg) The European Central Bank is about to take the next step in reinventing the regionâs money as it marches toward the creation of a digital euro.
Policy makers will decide on Wednesday whether to move to an exploratory phase, which President Christine Lagarde reckons could take about two years. Ultimately, euro-zone citizens could be holding a virtual central-bank currency by the middle of this decade.
Yellen, Powell to Discuss Financial Risks of Hot Housing Market
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