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

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

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

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

consumer confidence deteriorates significantly in May (University of Michigan)

American consumer confidence deteriorated sharply in May, in all categories of the population, and the index measuring it fell to its lowest level since August 2011. The index thus lost 9.4% compared to April, and fell to 59.1 points, according to the preliminary estimate of the University of Michigan survey released on Friday. This deterioration … Read more

rate hike could be faster after summer if inflation persists

A U.S. central bank (Fed) official said on Friday she expects rate hikes of more than half a point as early as September if inflation does not ease, warning that necessary measures could push up unemployment and slow the growth. Read alsoAgribusiness: how inflation sustains itself “Unless there are any big surprises, I expect it … Read more

Controlling inflation won’t be painless, warns Fed Chairman

The fight against inflation, which is in the United States at its highest for 40 years, risks weighing on economic growth and employment, warned Thursday, May 12 the president of the American central bank, just confirmed for a second term by the Senate. Read alsoInflation: “It is inconceivable that my employees are losing purchasing power» … Read more

weekly jobless claims are on the rise again

Weekly jobless claims in the United States increased again last week, passing the 200,000 mark, mainly due to seasonal adjustments, say economists who rule out large layoffs for the moment. From May 1 to 7, 203,000 people applied for unemployment benefit, 1,000 more than the previous week, the number of which was also revised upwards, … Read more

the whimsical Elon Musk creates controversy on two fronts

Customary of controversial messages, billionaire Elon Musk launched a double salvo on Thursday by accusing an American regulator of seeking to muzzle his freedom of expression and comparing the Canadian Prime Minister to Hitler in a tweet which he later deleted. Read alsoWhy Elon Musk panics the stock market A lawyer for electric car manufacturer … Read more

Elon Musk asks on Twitter if he should sell 10% of his stake in Tesla

The whimsical boss of Tesla assured that he would stick to the decision of his 62 million subscribers. New craziness of which he is customary or real question? Elon Musk asked his 62 million Twitter followers this Saturday if he should sell 10% of his shares in Tesla, and assured that he would stick to … Read more