Pandemic-related uncertainties contributing to risks to economic outlook: IMF report

The International Monetary Fund said on Friday that the economic outlook for India remains clouded due to pandemic-related uncertainties. It has called for steadfast implementation of structural reforms. This is part of the staff report that is drawn up annually on the basis of bilateral discussions. The report is presented to the Board of Directors … Read more

The New York Fed Empire State Survey disappoints as it comes in at 19.8

(Kitco News) The gold market is trading close to daily lows as the manufacturing sector in New York sees a slower recovery than expected, according to the latest data from the New York Federal Reserve. The regional central bank said the Empire State Manufacturing Survey’s general business relationship index fell 15 basis points to 19.8 … Read more

Business groups urge Canada to scrap PCR testing requirement as US border approaches reopening

Commerce boards, chambers of commerce, and tourism organizations in both the United States and Canada are urging the Canadian government to scrap demands to produce a negative COVID-19 PCR test for travel between countries. The Canadian border is currently open for leisure travelers, but only for fully vaccinated travelers who produce a negative PCR test. … Read more

US emerges as largest Bitcoin miner after crypto crackdown in China | Crypto News

China was Bitcoin’s largest miner until authorities there effectively banned the practice. Now the US has claimed China’s Bitcoin mining crown. Through William MathisBloomberg The US has become the world’s epicenter for Bitcoin mining after a crackdown in China effectively eliminated the practice in the industry’s former cradle. At the end of August, America accounted … Read more

ECB banker Kazimir accused of bribery | Business and economic news

Peter Kazimir, head of the Slovak central bank, has said the allegations against him are unfounded. Peter Kazimir, a member of the Governing Council of the European Central Bank, was accused of bribery in Slovakia, where politicians are mounting pressure to try and get him out. Kazimir, head of the country’s central bank, dismissed the … Read more

Canada’s attempts to prevent the closure of line 5 are attacking US sovereignty, opponents say

U.S. environmental activists are seizing Canada’s decision to invoke a 44-year treaty with the United States as a “bold”, misleading and misleading gambit aimed at short-circuiting Michigan’s efforts to close the Line 5 cross-border pipeline. Oil & Water Don’t Mix, a coalition of Michigan environmental and indigenous groups that includes the Sierra Club and the … Read more

IEA: World must triple investment in renewable energy | Business and economic news

Expenditure on the transition to sustainable energy ‘stays far behind’ what is needed to sustainably meet future demand: IEA. Investments in renewable energy must triple by the end of the decade if the world is to fight climate change effectively and keep volatile energy markets in check, according to the International Energy Agency (IEA). “The … Read more

Premier Kenney says Alberta will retain COVID-19 vaccine passports for at least early 2022

Premier Jason Kenney says the Alberta version of a vaccine passport will help increase vaccinations and reduce COVID-19 cases, but notes that it will be in place until at least the first months of next year. “I fully expect that we will have it in place through at least the first quarter of next year, … Read more

Venezuela burns cash to support new bolivar | Financial Market News

Venezuela’s central bank has injected about $40 million a week into the foreign exchange market after launching a new version of the bolivar with six zeros less. Venezuela plans to support its national currency after the launch of a new version of its six-zero bolivar sent prices soaring. The central bank has injected about $40 … Read more

As house prices rise out of reach, the government’s study of supply and affordability may not explain why

Never has a study of the skyrocketing price of housing been more urgent. Rarely has one been so insultingly ill-suited as the one that is going on right now. Midway through last year, in the middle of COVID, the average forecast for the 22 leading economists surveyed in the middle of the year was no … Read more