The five charts below analyze how the Russian invasion affected Ukraine’s economy and how the country managed its wartime budget. economic hardship Ukraine’s Economy Shrank by a Third Even the collapse of the Soviet Union didn’t affect Ukraine’s economy as much as Russia’s invasion Source: Bloomberg The Russian aggression dealt an unprecedented blow to the … Read more
U.S. President Biden said in a speech ahead of the one-year anniversary of Russia’s invasion of Ukraine that Putin would never win the war. President Biden, who had just made an unannounced visit to Ukraine the day before, declared in Warsaw, the capital of Poland, on the 21st that “Ukraine will never be a victory … Read more
US business activity stabilized in February. The service sector picked up. The economy is solid, suggesting that some pricing power is being maintained. The preliminary PMI for the US manufacturing and services sectors, released by S&P Global, rose 3.4 points from the previous month to 50.2 in February. It was just above the 50 mark … Read more
Regarding the accident in which an electric car Tesla crashed into a fire engine in the San Francisco Bay Area, California on the 18th, the US Department of Transportation Highway Traffic Safety Administration (NHTSA)I have requested additional information from Tesla. The Contra Costa County fire department said in a tweet on the day of the … Read more
Bank of Japan Deputy Governor Masayoshi Amemiya said on the 20th that the more difficult issue in exiting from monetary easing policy is not the technology of money market operations, but rather “determining whether a virtuous cycle of wages and prices has really started and how the market reacts to it. There are two types … Read more
Former U.S. Treasury Secretary Summers said on Monday that widespread price pressures in the U.S. show the impact of monetary tightening so far has been limited, risking policy makers going beyond expectations. indicated that it was on the rise. “The Fed is trying to put the brakes on the economy, but it doesn’t seem to … Read more
riceMicrosoft has released the results of an early test of its own search engine, Bing, which is newly equipped with artificial intelligence (AI). The trial was conducted for one week with users in more than 169 countries. The company announced on the 15thblog postexplained that 71% of the users who participated in the test supported … Read more
The National Association of Home Builders (NAHB) and Wells Fargo National Home Builders Index rose in February from the previous month. Exceeded market expectations. Rising mortgage rates have eased in recent months, suggesting they are supporting a housing market that has been depressed over the past year. Key Point U.S. housing market index climbs 7 … Read more