Tag Archives: Alarming

China Shocks With Rate Cut as Data Show ‘Alarming’ Slowdown

China Shocks With Rate Cut as Data Show ‘Alarming’ Slowdown

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg China’s economic slowdown deepened in July due to a worsening property slump and continued coronavirus lockdowns, with an unexpected cut in interest rates unlikely to turn things around while those twin drags remain. Retail sales, industrial output and investment all slowed and missed economists estimates in July. The surveyed jobless rate for those aged… Source link

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In This Part of the U.S. Bond Market, 0% Is High and Alarming

In This Part of the U.S. Bond Market, 0% Is High and Alarming

(Bloomberg) — The U.S. bond market is hurtling toward the clearest sign yet that the Federal Reserve’s shift into a hawkish gear is making a difference — a real 10-year interest rate higher than 0%. Most Read from Bloomberg While all Treasury yields have climbed this year as the Fed began what’s expected to be an aggressive series of rate increases aimed throttling high inflation, in the past two weeks the baton has been passed to inflation-protected notes and bonds. Their yields are… Source link

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China’s Nuclear Drama May Be Less Alarming Than the Politics Behind It

(Bloomberg) — Problems at a Chinese nuclear power plant near Hong Kong probably aren’t cause for any concern, experts said. Some of the politics behind the situation just might be. An issue discovered inside China General Nuclear Power Corp.’s Taishan Unit 1 reactor, in which presumably damaged fuel rod casings leaked inert gas, has happened enough times in the industry that operators know how to manage it and it’s usually “not any kind of threat,” according to Jeff Merrifield, a… Source link

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An alarming number of Americans are unvaccinated despite wanting a jab

Though the number of vaccinated Americans continues to rise, there is still a significant amount of the population that has yet to receive their COVID-19 shots. And while some have no plans of getting vaccinated for various personal or political reasons, others would like to but are having trouble obtaining or making time for a vaccination appointment. “Hesitancy makes a better story because you’ve got controversy,” Dr. Thomas R. Frieden, a former director of the Centers for Disease… Source link

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Alarming travel warning to Aussies ahead of US election

Australians have been issued an alarming travel warning just days out from the 2020 US election. The Department of Foreign Affairs and Trade updated its travel warning on Friday for the US, which was already subject to a travel ban due to coronavirus. Anyone who might have been plotting an attempt to get into the country ahead of the election has been strongly advised against doing so “due to the ongoing potential for violence”. “Widespread protests and demonstrations have occurred… Source link

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