Policy

Op-ed: FTX Crash Shows Cryptocurrency Market Needs Bank-Like Regulation

Op-ed: FTX Crash Shows Cryptocurrency Market Needs Bank-Like Regulation

Rob Nichols is president and CEO of the American Bankers Association and Dennis Kelleher is president and CEO of Better Markets, a Washington-based nonprofit that promotes financial market reform. The recent turmoil in the trillion-dollar crypto sector, including the sudden liquidity crunch and the spectacular collapse of FTX, brought to light the concept of a …

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Globally critical chip firm drives rift between US and Netherlands over China tech policy

Globally critical chip firm drives rift between US and Netherlands over China tech policy

Dutch Prime Minister Mark Rutte speaks with US President Joe Biden. The United States pressured the Netherlands to block exports of high-tech semiconductor equipment to China. The Netherlands is home to ASML, one of the most important companies in the global semiconductor supply chain. Suzanne Walsh | AFP | Getty Images Washington has its sights …

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Emerging markets face the risk of policy error amid conflicting priorities

Emerging markets face the risk of policy error amid conflicting priorities

(Bloomberg) – Central banks in emerging markets face a catch-22 where falling economic growth means they can’t maintain tight monetary conditions, but high inflation doesn’t allow them to stop either. rate hikes. Bloomberg’s Most Read The result is a growing risk of monetary policy error. Countries from Poland to Colombia, India to South Korea are …

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US Labor chief says bad immigration policy is 'biggest threat' to economy

US Labor chief says bad immigration policy is ‘biggest threat’ to economy

Labor Secretary Marty Walsh reacts to the November jobs report and discusses other factors influencing the 2023 economic outlook. On the heels of November’s jobs report, Labor Secretary Marty Walsh warned of the “greatest threat to America’s economy.” “I think the biggest threat to our economy is that we don’t have a good, strong immigration …

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Biden signs bill averting railroad strike despite lack of paid sick leave

Biden signs bill averting railroad strike despite lack of paid sick leave

President Joe Biden has signed a bill making a railroad strike illegal, preventing workers from leaving work weeks before the holiday season. “The bill I’m about to sign ends a difficult rail dispute and helps our country avoid what, no doubt, would have been an economic disaster at a very bad time in the calendar,” …

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OPEC+ mulls further oil production cuts ahead of Russia sanctions and proposed price cap

OPEC+ mulls further oil production cuts ahead of Russia sanctions and proposed price cap

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will meet on Sunday to decide the next phase of production policy. Bloomberg | Bloomberg | Getty Images OPEC and non-OPEC oil producers could impose deeper oil production cuts on Sunday, energy analysts said, as the influential energy alliance weighs the impact …

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Russian oil sanctions are about to come into effect.  And they could significantly disrupt the markets

Russian oil sanctions are about to come into effect. And they could significantly disrupt the markets

European oil sanctions are due to come into force on December 5. The idea is to reduce Russia’s oil revenues given its war in Ukraine. Andrei Rudakov | Bloomberg | Getty Images Upcoming sanctions on Russian oil could be “really disruptive” for energy markets if European countries fail to set a cap on prices, analysts …

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Europe's biggest bond buyer starts thinking about selling

Europe’s biggest bond buyer starts thinking about selling

Christine Lagarde, President of the European Central Bank speaks at an event. The central bank is due to meet in mid-December for further monetary policy decisions. Bloomberg | Bloomberg | Getty Images The European Central Bank may be on the verge of answering a lingering question in the coming weeks that could have major repercussions …

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