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Former Fed Chairman Bernanke Predicts Economy Impact of Fed Rate Hike and Inflation Target
Business

Former Fed Chairman Bernanke Predicts Economy Impact of Fed Rate Hike and Inflation Target

by Chief editor of world-today-news.com July 21, 2023
written by Chief editor of world-today-news.com

Bernanke, former chairman of the Federal Reserve and Nobel laureate in economics, said in a webinar organized by Fidelity Investments on July 20 that the Fed will raise interest rates by 25 basis points at the next meeting.

“By early next year, we’re going to be down to 3% or above inflation, and then I think the Fed will try to take some time to get inflation down to the 2% target,” Bernanke said. He believes that as the price of fighting inflation, the United States may see an economic slowdown and a modest rise in unemployment, “but I would be very surprised if there is a deep recession next year.”

(Article source: Jiemian News)

Article source: Interface News

Former Fed Chairman Bernanke: July rate hike may be the last of this round

Solemnly declare:Oriental Fortune publishes this content to disseminate more information, has nothing to do with the position of this site, and does not constitute investment advice. Proceed accordingly at your own risk.

2023-07-21 00:21:41
#Fed #Chairman #Bernanke #July #rate #hike

July 21, 2023 0 comments
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Tornado Damage to Pfizer Factory in North Carolina Raises Concerns of Drug Supply Shortages
World

Tornado Damage to Pfizer Factory in North Carolina Raises Concerns of Drug Supply Shortages

by Chief editor of world-today-news.com July 21, 2023
written by Chief editor of world-today-news.com

According to the Associated Press citing Pfizer news, on the 19th local time, a tornado caused serious damage to a Pfizer pharmaceutical factory in North Carolina, USA. Experts worry that the shortage of drug supplies across the United States may worsen.

According to reports, on the 19th, a tornado made landfall near Rocky Mountain, North Carolina, and knocked off the roof of the local Pfizer pharmaceutical factory. The plant supplies a quarter of sterile injectable drugs to U.S. hospitals.

On July 19, a tornado severely damaged the Pfizer pharmaceutical factory in Rocky Mount, North Carolina, USA.

Experts believe the disruption could put more pressure on already strained drug supplies in U.S. hospitals.

Pfizer said all employees were safely evacuated and there were no reports of major injuries. The drugmaker is still assessing the damage.

(Source of article: China News Network)

Article source: China News Network

Pfizer could face long-term shortages as tornado disrupts U.S. drug supply

Solemnly declare:Oriental Fortune publishes this content to disseminate more information, has nothing to do with the position of this site, and does not constitute investment advice. Proceed accordingly at your own risk.

#Pfizer #face #longterm #shortages #tornado #disrupts #U.S #drug #supply
2023-07-21 03:28:15

July 21, 2023 0 comments
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WHO Raises Concerns over Bird Flu Outbreak among Cats in Poland
World

WHO Raises Concerns over Bird Flu Outbreak among Cats in Poland

by Chief editor of world-today-news.com July 18, 2023
written by Chief editor of world-today-news.com

United Nations News, July 17, as the H5N1 avian influenza virus spreads among mammals, the virus has recently caused outbreaks and deaths in cats in Poland. The WHO expressed concern about this on the 17th and called on the world to strengthen surveillance, cooperation and response to jointly protect human and animal health.

On June 27, the National Coordinating Center of the International Health Regulations in Poland notified the World Health Organization of the abnormal death of cats in the country. As of July 11, a total of 29 positive cases of A(H5N1) avian influenza were detected in 47 samples including a captive caracal, accounting for 62% of the total samples.

Infected cats exhibited severe symptoms, including respiratory problems, bloody diarrhea, neurologic symptoms, and complications such as pneumonia, leading to rapid disease progression and, in some cases, death. Fourteen cats have been reported to have been euthanized and 11 others have died, the most recent on June 30.

Previously, there had been reports of sporadic infection of cats with H5N1 avian influenza virus, but this outbreak in Poland is by far the one with the largest number of infected cats in a country and the widest spread. The source of the virus that the infected cats were exposed to is not yet clear, and the epidemiological investigation is still in progress.

(Article source: Jiemian News)

Article source: Interface News

WHO: Bird flu outbreak in cats in Poland, risk to humans ‘low’

Solemnly declare:Oriental Fortune publishes this content to disseminate more information, has nothing to do with the position of this site, and does not constitute investment advice. Proceed accordingly at your own risk.

#Risk #humans #bird #flu #outbreak #Polish #cats #level
2023-07-17 23:20:05

July 18, 2023 0 comments
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EU and Japan Strengthen Security Cooperation as EU Lifts Restrictions on Fukushima Food Imports
World

EU and Japan Strengthen Security Cooperation as EU Lifts Restrictions on Fukushima Food Imports

by Chief editor of world-today-news.com July 15, 2023
written by Chief editor of world-today-news.com

The cooperation between the EU and Japan is going beyond the economic and trade level.

After attending the NATO Vilnius summit, Japanese Prime Minister Fumio Kishida flew to Brussels to meet with EU leaders. On Thursday local time, Kishida Fumio met with European Commission President Von der Leyen and European Council President Michel. Although the meeting lasted only two hours, the two sides reached agreement on cooperation in various fields such as economy, security, technology and trade.

Earlier, Japanese media revealed that the two sides plan to upgrade their cooperative relationship after the summit in mid-July, and expand the current partnership that mainly stays at the economic and trade level to the security field. Thursday’s summit confirmed that.

The joint statement after the meeting emphasized that Europe and Indo-Pacific security are closely linked. To this end, the two sides agreed to establish a regular strategic dialogue mechanism at the level of foreign ministers to further develop the security partnership. The EU and Japan also signed a memorandum of cooperation to support safe, resilient and sustainable undersea connectivity. In terms of supply chain, the two sides also signed a semiconductor memorandum and administrative agreement to strengthen cooperation in the supply chain of key raw materials.

In a post-meeting news conference, von der Leyen called the summit a “clear message of partnership and friendship” and that the EU and Japan were launching a “strategic dialogue” on “unprecedented challenges to peace and security” in the Asia-Pacific region. to coordinate. In addition, the leaders of the European Union and Japan also revealed that they are working on a cooperation agreement on raw materials.

Von der Leyen said that the EU and Japan share similar external dependencies when it comes to raw materials vital to economic development, and one of their goals is to reduce overreliance on a small number of suppliers. Von der Leyen mentioned China. Kishida agrees with the need for cooperation. He welcomes cooperation in this direction, stressing that it is important for Japan, the EU and other like-minded countries to coordinate and respond to economic security and “de-risking” with one voice.

In fact, at the beginning of this month, the cooperation between Japan and the European Union took concrete actions in this regard. On July 4, Thierry Breton, European Commissioner for the Internal Market, and Yasutoshi Nishimura, Japan’s Minister of Economy, Trade and Industry signed a memorandum of understanding on semiconductors. Breton said on social media at the time that the EU and Japan aimed to improve the resilience of the chip supply chain, including establishing an early warning mechanism to prevent disruption, especially of critical raw material components.

In a recent report, the French think tank Montaigne Institute emphasized that economic security is the missing link in the cooperation between the EU and Japan, and chips are crucial to economic security. The report also pointed out that Japan is taking swift action to revive its declining semiconductor industry.

Recently, some media reported that Japan has successfully attracted TSMC to invest in the construction of a second fab in Kumamoto, which is expected to start construction in April next year. The Japanese government is paying 40 percent of the foundry’s estimated $8.6 billion cost. On July 11, TSMC responded that it is currently in a period of silence before the corporate briefing and does not comment on the content of the report; last year, the Japanese government also promoted the establishment of the high-end chip company Rapidus, which plans to establish a cutting-edge 2nm semiconductor in the first half of 2025. Prototype production line.

In addition to the security cooperation issues on the agenda, Fumio Kishida also achieved a result that allowed him to return to China immediately. At a press conference after the summit on Thursday, von der Leyen announced that the EU would immediately lift restrictions on food imports from the Fukushima region of Japan. However, Brussels also urged Japan to continue to monitor the radioactivity of fish and seaweed near Fukushima.

After the nuclear accident in Fukushima in March 2011, the European Union imposed restrictions on the import of some edible plants such as fish, mushrooms and bamboo shoots in and around Fukushima, requiring them to provide certification documents showing radioactive isotope levels.

Japan responded this time by agreeing to ease restrictions on food imports from the EU. The two sides said they were working to improve access to the Japanese market for European beef, fruit and vegetables and that the issue would be resolved within this year.

At the end of June, Japan’s “Yomiuri Shimbun” reported that the EU is planning to completely withdraw restrictions on food imports from Fukushima. , the removal of import restrictions is expected.

(Article source: Jiemian News)

Article source: Interface News

EU lifts restrictions on Fukushima food imports after upgrading security cooperation with Japan

Solemnly declare:Oriental Fortune publishes this content to disseminate more information, has nothing to do with the position of this site, and does not constitute investment advice. Proceed accordingly at your own risk.

#lifts #Fukushima #food #import #restrictions #upgrading #security #cooperation #Japan
2023-07-14 14:41:27

July 15, 2023 0 comments
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United Airlines Adjusts Flight Operations to Avoid Disruption Ahead of Independence Day Holiday
World

United Airlines Adjusts Flight Operations to Avoid Disruption Ahead of Independence Day Holiday

by Chief editor of world-today-news.com July 2, 2023
written by Chief editor of world-today-news.com

According to Reuters, United Airlines CEO Scott Kirby (Scott Kirby) said on July 1 local time that the company plans to adjust flight operations to avoid disruption due to weather ahead of the Independence Day holiday.

United canceled about 19% of its scheduled flights last month as thunderstorms and equipment failures at Federal Aviation Administration (FAA) facilities caused significant delays for air travelers on the U.S. East Coast. Kirby last week blamed the FAA for recent flight cancellations.

United is working with the Port Authority of New York and New Jersey to secure additional gates, Kirby said, adding that United will have to further alter its schedule to allow more vacant gates for itself. machine port.

(Article source: Jiemian News)

Article source: Interface News

United plans flight operations to avoid disruption ahead of Independence Day holiday

Solemnly declare:Oriental Fortune publishes this content to disseminate more information, has nothing to do with the position of this site, and does not constitute investment advice. Proceed accordingly at your own risk.

#United #plans #flight #operations #avoid #disruption #ahead #Independence #Day #holiday
2023-07-02 16:51:20

July 2, 2023 0 comments
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US Considers Imposing New Chip Sanctions on China: Impact on Nvidia and Stock Prices
Business

US Considers Imposing New Chip Sanctions on China: Impact on Nvidia and Stock Prices

by Chief editor of world-today-news.com June 28, 2023
written by Chief editor of world-today-news.com

Want to suppress again? ! According to a Reuters report, the US “Wall Street Journal” quoted so-called “informed sources” on June 27 as saying that the Biden administration is considering China’s use of artificial intelligence chips from Nvidia and other companies for “weapons development and hacking attacks.” New sanctions on exports of artificial intelligence chips to China.

According to the Wall Street Journal, the U.S. Department of Commerce will ask as early as July to stop providing Chinese customers with chip products made by Nvidia and other chip companies. The report also said that U.S. chipmakers such as Nvidia, Micron and AMD will be affected by the US media’s revelations about the new measures of the Biden administration. Nvidia’s stock price fell more than 2% in after-hours trading, while AMD’s Semiconductor shares fell about 1.5 percent.

This is not the first time that the United States has imposed sanctions on the export of artificial intelligence chips to China. The report mentioned that Nvidia said in September last year that U.S. officials asked the company to stop exporting two top computing chips used in artificial intelligence to China. Nvidia said a few months later that it would supply China with a “downgraded” version of the chip, called the A800, to meet export controls. The company also tweaked its flagship H100 chip earlier this year to comply with regulations.

The Wall Street Journal reported on June 13 that Alan Estevez, the U.S. Department of Commerce’s undersecretary for industry and security affairs, said at an industry conference last week that the Biden administration intends to extend an exemption from an export control policy. For the time being, this policy aims to restrict the sale of advanced process chips and chip manufacturing equipment to China by the United States and foreign companies using American technology. Some analysts believe that this move will weaken the effect of the US export control policy on chips to China. Experts interviewed by the Global Times reporter on the 13th believed that although the United States has not yet announced specific details, the “delayed exemption” is expected, because the various measures of the United States to curb China’s chip development are not only limited in effect, but also backlashed.

Regarding the U.S. restrictions on chip exports to China, the Chinese Ministry of Foreign Affairs has stated that the U.S. has abused export control measures to maliciously block and suppress Chinese companies out of the need to maintain technological hegemony. This practice deviates from the principle of fair competition and violates international economic and trade rules. It will not only damage the legitimate rights and interests of Chinese companies, but also affect the interests of American companies. This practice hinders international scientific and technological exchanges and economic and trade cooperation, and will have an impact on the stability of the global industrial and supply chains and the recovery of the world economy. The United States’ politicization, instrumentalization, and weaponization of technology and economic and trade issues will not stop China’s development, but will only block itself and backfire on itself.

(Article source: World Wide Web)

Article source: World Wide Web

Article author: Zhan Huijuan

U.S. media revealed that the Biden administration is considering imposing new chip sanctions on China, and Nvidia’s stock price fell on hearing the news

Solemnly declare:Oriental Fortune publishes this content to disseminate more information, has nothing to do with the position of this site, and does not constitute investment advice. Proceed accordingly at your own risk.

2023-06-28 04:40:14
#media #reveals #Biden #administration #imposing #chip #sanctions #China

June 28, 2023 0 comments
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