July 31, 2023 at 6:42 PM EDT Good morning, it’s Ainslie and Matt here for the first day of August. The RBA meets later today, but first… Today’s must-reads:• House price growth decelerated in July• China’s lagging growth• Futures point to positive open Australia’s house price growth slowed in July as property listings increased, suggesting … Read more
Government, Industry Explore Nuclear, Solar Space Engines DARPA concept COLORADO SPRINGS, Colorado — More commercial and military activity is taking place in space, and the Defense Department and industry are investing in emerging propulsion technologies to move systems in orbit faster, farther and more efficiently. Traditionally, spacecraft have used chemical reactions to release energy and … Read more
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Images are unavailable offline. Workers are seen holding a picture of Zimbabwe’s President Emmerson Mnangagwa on July 5. PHILIMON BULAWAYO/Reuters Robert Rotberg is the founding director of the Harvard Kennedy School’s program on intrastate conflict and president emeritus of the World Peace Foundation. His latest book is Overcoming the Oppressors. Electoral autocracy has replaced democracy’s … Read more
Borrowing activity in the federal funds market is signaling that stress in the US banking system hasn’t fully gone away. Although a decline in total volume suggests the overall need for excess cash has lessened, the spread between what borrowers at the highest percentile of the daily fed funds distribution have to pay and those … Read more
Can the Renminibi Replace the Dollar (USD) as the World’s Reserve Currency? Bloomberg Source link
The greenback has replaced the Zimbabwean dollar as the most-used currency in the southern African nation for a second time, almost four years after the re-introduction of the local unit. US dollars were utilized for 77% of transactions this year, surpassing the proportion that were conducted in the local currency for the first time since … Read more
The world’s reserve currency may be about to go digital, potentially transforming the way Americans move and use their money. On Wednesday, the White House directed federal agencies from the Treasury to the Commerce Department to research a number of crypto-related topics, including the pros and cons of a digital dollar. For consumers, the move … Read more
EDEN CONFIDENTIAL: This has been a worrying week for royalists, with Buckingham Palace announcing on Monday that King Charles had been diagnosed with cancer . So I’m delighted to bring some cheering health news. The Princess of Wales , who underwent ‘successful’ planned abdominal surgery more than three weeks ago, is on the mend. And, … Read more