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Tag: economy

China is pumping a lot of cash into its economy to calm investors

China is pumping a lot of cash into its economy to calm investors

Finance
China has been pumping a lot of cash into its system to lift market sentiment, as the world's second-largest economy walks a thin line between curbing debt and keeping everything running smoothly.Last week, the People's Bank of China injected cash totaling 810 billion Chinese yuan ($ 122.4 billion) in five straight days of daily liquidity management operations. Those actions, which represented the largest weekly net increase since January, were in part a Beijing response to its 10-year sovereign bond yields spiking to multiyear highs, experts said."Surging Chinese government bond yields hit the nerve of policymakers, so in order to further prevent a greater surge, they injected liquidity into the system to improve market sentiment," said Ken Cheung, a foreign exchange strategist at Mizuho ...
As the global economy picks up, inflation is oddly quiescent

As the global economy picks up, inflation is oddly quiescent

Finance
A FEW years ago, the news about the euro-zone economy was uniformly bad to the point of tedium. These days, it is the humdrum diet of benign data that prompts a yawn. Figures this week show that GDP rose by 0.6% in the three months to the end of September (an annualised rate of 2.4%). The European Commission’s economic-sentiment index rose to its highest level in almost 17 years. Yet when the European Central Bank’s governing council gathered on October 26th, it decided to keep interest rates unchanged, at close to zero, and to extend its bond-buying programme (known as quantitative easing, or QE) for a further nine months.The central bank said it would slow down the pace of bond purchases each month, to €30bn ($ 35bn) from January. But Mario Draghi, the bank’s boss, declined to set an end
The $10.4 billion cost of the flu on the US economy

The $10.4 billion cost of the flu on the US economy

Finance
There's something even scarier than Halloween ghosts and goblins lurking around the corner: The flu.Every year around this time, the ever-evolving influenza virus begins descending upon the Northern Hemisphere, bringing misery to the millions of Americans who end up suffering from it.On top of the wretched physical symptoms it causes — including fever, chills, muscle aches, cough and fatigue — the cost of getting the flu is generally greater than a dose of prevention.Yet most people apparently don't mind the risk. In the 2015-2016 flu season, just 43.3 percent of U.S. adults got the flu vaccine, according to the Centers for Disease Control and Prevention. For those under age 18, the rate was 59 percent. (Click on CDC chart below to enlarge.)At the same time, an estimated 24.5 million were
Darling: 'Alarm bells ringing' for UK economy

Darling: 'Alarm bells ringing' for UK economy

Business
Regulators must remain "very very" vigilant about the risks to the economy, former chancellor Lord Darling has told the BBC - 10 years on from the start of the financial crisis.He said a rising level of consumer debt in the economy was a growing concern. Lord Darling was speaking on the 10th anniversary of the 2007 crash, which led to the government spending billions of pounds rescuing major banks.He said the financial system was now safer but warned of "complacency"."The lesson from 10 years ago is that something that can start as apparently a small ripple in the water can become mountainous seas very quickly," he told BBC Radio 4's Today programme. The Labour peer said that over the last seven or eight years the economy had grown with "the odd stutter".However, he said he was concerned i...
Finding Blockchain-Based Security Solutions for the 3D Printing Economy

Finding Blockchain-Based Security Solutions for the 3D Printing Economy

Finance
Shutterstock photo3D printing promises no less than the possibility to treat the physical world of atoms like the virtual world of bits, allowing users to "email" all sorts of physical objects - that is, they can send validated specs to be 3D printed by a recipient with one click. In 3D printing, or "additive manufacturing," successive layers of material are added to create the desired object, which can be of almost any shape or geometry. There's still a perception that 3D printing is an expensive and overhyped way to manufacture cheap plastic toys, but the reality is that today's 3D printers can process a wide and increasing range of materials and complex designs.With comparatively low manufacturing costs - and no shipping costs - 3D printin...