Renault seals electric car battery deals with Envision, Verkor
French carmaker Renault (RENA.PA) said on Monday it had sealed partnerships with China’s Envision AESC and France’s Verkor to produce electric car batteries in northern France.
Nasdaq hits record high as factory activity scales new peak
The Nasdaq hit an all-time high on Wednesday, helped by a boost from Tesla’s shares, with investors cheering data showing U.S. factory activity climbed to a record peak in June.
Stocks steady, dollar climbs as U.S. recovery sparks Fed tapering fears
The dollar hit a multi-week high on Friday while European stocks, oil and gold steadied as markets braced for further signs the U.S. economic recovery could drive inflation and an early withdrawal of Federal Reserve stimulus.
Does economic growth lead to greater inequality? The answer might surprise you.
By Matteo Lanzafame, Antonio Francesco Gravina Finance, globalization, technology and urbanization – key drivers of economic growth – can lead to more or less inequality—depending on how prevalent they are in the economy. The determinants of income inequality—a measure of how unevenly income is distributed across individuals or households in a population—has for a long time been at […]
Oil prices fall on rising COVID-19 infections in Asia, inflation fears
Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears rising inflation might lead the U.S. Federal Reserve to raise interest rates, which could limit economic growth.
Senate Democrat proposes $52 billion for U.S. chips production, R&D
U.S. Senate Democratic Leader Chuck Schumer unveiled revised bipartisan legislation late Tuesday to approve $52 billion to significantly boost U.S. semiconductor chip production and research over five years.
Dollar stays firm as traders look to U.S. data for policy cues
The dollar clung to a recent bounce on Monday as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. economic data, waiting for clues on the outlook for global inflation and for policymakers’ responses. Trade was thinned by holidays in Japan and China, which kept a lid on […]
Analysis: As small-cap stocks lag, Wall Street worries about broad slowdown
An historic rally in share prices for smaller U.S. companies has slowed sharply in April after six months of strong gains, leading many investors to worry that the stock market as a whole may have already priced in a strong rebound from the pandemic. “The easy money has been made for small caps and for […]
Reshaping European economic integration in the post-Covid world
Most of the discussion on the economic policy response to the pandemic in Europe has centred on its ambition, tools, and institutional characteristics. Less discussion has taken place on the factors shaping EU integration and economic policy priorities after the pandemic. In a new CEPR Policy Insight, the authors argue that four sets of issues will be important in shaping the legacy of the pandemic for European integration: redefining the new boundaries between state and market; revisiting the nature of subsidiarity; reconnecting the EU domestic with the global agenda; and learning to respond to longer term structural shifts.
Prices matter when tracking economic development and recovery after the pandemic
Measuring purchasing power is an effective way to track economic recovery after the pandemic, estimate the real sizes of economies, and gauge poverty.
