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World Health Organization (WHO) Director General Tedros Tedros said in Geneva on the 12, due to the novel coronavirus epidemic and vaccine supply imbalance, the global COVID-19 is facing a serious situation. “The mutant novel Coronavirus Delta strain is sweeping the world at an extremely ra...Read more »
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In May, the CPI and PCE both posted their biggest increases since 2008, the PPI posted its fastest year-on-year growth since records began in 2010, and the core CPI recorded its fastest increase since 1992. But the Fed keeps feeding the market the “inflation transitory narrative”, pla...Read more »
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U.S. Federal Reserve Chairman Colin Powell said Wednesday that the U.S. economy is facing higher inflation pressures than previously thought, but the factors driving up inflation are temporary and the central bank will not “pre-emptively” raise interest rates. Powell said at a congres...Read more »
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Today, the global shipping industry is a combination of ice and fire. The epidemic situation in many overseas countries is severe, and there is a shortage of manpower. Major Asian ports are busy with transportation, but they are often plagued by “lack of containers” and “shortag...Read more »
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Copper prices were further buoyed by the prospect of a Labour strike at the world’s largest copper mine in Chile, which threatens already low global supplies. As a result, copper prices on the London Metal Exchange rose on Wednesday, climbing as high as $10,015 a tonne. The union representi...Read more »
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EU private consumption, investment and exports will rebound strongly this year and next, thanks to a combination of accelerated COVID-19 vaccination, a gradual easing of restrictions on the epidemic and economic stimulus measures, the European Commission said in its spring economic forecast. At t...Read more »
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So far last year, commodity markets have experienced a “V” shaped reversal. After the outbreak of the epidemic, commodity prices once fell to the bottom, and then with the help of a series of stimulus policies, the crude oil market led commodity prices to rise gradually. As the global...Read more »
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Edited by Ningbo Handy Electrical Co.,Ltd. a power cord manufacturer. China’s import and export grew by 28.5%, 33.8% and 22.7% year on year in the first four months of 2021, respectively, a person in charge of the Foreign Trade Department of the Ministry of Commerce said on the operation of...Read more »
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Edited by Ningbo Handy Electrical Co.Ltd. a power cord manufacturer. BEIJING, April 29 (Xinhua) — A Long March 5B rocket lifted China’s space station and its core module into orbit Wednesday, the first launch in the construction phase of the country’s space station, Xinhua repor...Read more »