United States and Taiwan want to strengthen their economic ties

The United States and Taiwan have decided to strengthen their commercial relations which for the moment are not sealed by a bilateral agreement, the Biden administration announced on Friday. US Trade Representative (USTR) Katherine Tai and Taiwanese Minister John Deng met and “instructed their teams to explore concrete ways to deepen the U.S.-Taiwan trade and … Read more

A 100% local menu is possible

ARM-PANON FAIR. The Chamber of Agriculture organized, yesterday, a first meal 100% péi, from appetizer to dessert, from products harvested, processed and cooked in Reunion. A way to demonstrate that eating péi is (already) possible and always more tomorrow provided that communities, supermarkets and consumers also play the game. Fresh guava or pei pineapple juice, … Read more

Biden’s Fed nominee Michael Barr downplays institution’s climate role

According to Michael Barr, “the only objective should be to understand the risks that the climate could pose to the financial system and to work” on “measures to manage these risks.” The US central bank (Fed) must understand climate risks and help banks deal with them, not determine which sectors they should or should not … Read more

the number of unemployment benefits paid is at its lowest since 1969

The number of jobless claimants in the United States in early May hit its lowest level since December 1969, but jobless claims have been climbing since early April, according to Labor Department data released Thursday. Read alsoCovid-19: the Canadian government wants to suspend unemployment benefits for those who have not been vaccinated From May 1 … Read more

In the United States, changing consumer behavior is destabilizing retail giants

DECRYPTION – In response to inflation, Americans suddenly decided to limit their spending on goods. A shift with serious consequences. Wall Street is giving the biggest names in the real economy punishments the likes of which have not been seen since the crash of 1987. Retail leaders Walmart, Target, Costco, Kohl’s and Amazon have seen … Read more

the share of workers born outside the United States has returned to its 2019 level

The share of foreign-born workers in the U.S. workforce in 2021 returned to pre-pandemic 2019 levels as the country faces a significant labor shortage. “In 2021, the foreign-born share of the U.S. civilian workforce returned to pre-pandemic levels of 17.4% in 2019 from 17.0% in 2020”the Department of Labor (BLS) said in a statement on … Read more

Why Elon Musk panics the stock market

ANALYSIS – In addition to SpaceX, Elon Musk created Tesla, which has seeded all the global giants of the automotive industry. Dizzying, stratospheric… On the stock market, a week ago, Tesla’s valuation passed the trillion dollar mark last week – “trillion” in English – after a 12.66% rise in price on October 25. This surge … Read more

New EU-US trade talks, against a backdrop of war in Europe

American and European trade officials meet Monday in Saclay in the Paris region for a new meeting of the EU / United States Council on Trade and Technology (TTC), in a context marked by the war in Ukraine. Launched to bring the two blocs together after the departure of the Trump administration, against a backdrop … Read more

When the Indonesian president visits Elon Musk to talk about nickel

Indonesia has the largest reserves in the world, and Joko Widodo intends to develop an electric vehicle industry at home based on this metal. For an investor of the caliber of Elon Musk, Indonesian President Joko Widodo is willing to move. It was this Saturday that the meeting between the boss of Tesla and the … Read more

“The crazy promises of Elon Musk”

CHRONICLE – In fifteen years, Musk has achieved what no entrepreneur had even imagined: building a revolutionary and profitable automotive industry. “The puny pecore swelled up so well that it burst”… For a long time, one would have thought that Elon Musk would only be the Frog of the famous fable by La Fontaine. But … Read more