The U.S. is trying to save food chains
* Biden administration plans $2.1 billion in new funding to strengthen food
supply chains, including initiatives to expand small- and medium-sized
processing plants - Bloomberg
World Wide
New high: the average gasoline price in the U.S. reached $4,619 a gallon
* According to the latest data from the American Automobile Association,
gasoline prices in the U.S. have reached an all-time high. As of Monday, the
average fuel price was up 52% year-over-year.
Credit Suisse considers selling its asset management business
According to sources, the bank is looking to raise funds for capital
investments. The sale of the asset manager division may be related to the bank's
desire to get rid of its ties to Russian assets.
Over the past 2 decades, Credit Suisse has become one of the
U.S. wants to ban digital yuan
Republican senators intend to ban U.S. marketplaces from hosting programs that
allow payment in digital yuan, under the pretext that it would allow Chinese
authorities to track the activities of Americans.
According to the U.S. senator's office, the digital yuan e-CNY could provide the
Chinese government
North Sea oil and gas giants may cut British tax on windfall profits
Recall that Britain imposed a 25 percent tax on excess profits of oil and gas
companies to fund measures to support citizens.
According to the think tank, North Sea oil and gas companies can use the new
rules to reduce the amount of tax.
Companies can funnel excess profits into
Cars and home appliances will rise in the global market-Bloomberg
Japanese steel giant Nippon Steel said Thursday that sharp increases in the cost
of resources such as iron and coking coal are provoking a rise in steel prices.
The company's vice president said that otherwise their profits would shrink.
Nippon Steel and the steelmaking division of JFE Holdings
Tech giants' advertising revenues threatened by "pandemic" bubble - Reuters
Research firm MoffettNathanson cut its 2025 revenue estimates for Google, Meta*,
Snap and Twitter. Digital ad spending in the U.S. is up 38% in 2021 from a year
earlier. However, the state of the economy this year could undermine the rapid
growth.
"After years of excessive optimism, we
Oil for Our Own Only: Only Cars with Hungarian license plates will be able to fill up with gas in Hungary - Interfax
The Hungarian authorities have adopted prohibitive measures for foreigners
wishing to fill up their cars at gas stations in the country.
The Hungarian authorities explained this measure by the fact that "gasoline
tourism has flourished in the country, which has jeopardized the uninterrupted
supply. Gasoline prices are now frozen
The Thai government provides value-added tax exemptions for digital asset transactions until December 31, 2023.
The proposal was approved on May 24. Transactions in cryptocurrencies and tokens
would be exempt from value-added tax on trading platforms registered by the
Ministry of Finance. The main goal of the initiative is to facilitate
cryptocurrency trading on regulated exchanges so that authorized bodies,
including the Securities and Exchange
Key rate hike of 0.5% in the EU in July is not excluded - thinks Knott of the ECB
* A rate hike in the EU could threaten a recession. However, a tighter ECB
policy would allow the euro to recoup losses against the dollar, which could
reduce imported inflation from the U.S.