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The backing for more stimulus was shared by all G7 leaders including Angela Merkel of Germany which has traditionally opposed heavy borrowing to spur growth ....
A Looming Oil Price Super Cycle Will Likely Be The Last this post authored by RABAH AREZKI AND PER MAGNUS NYSVEEN After a pandemic and a price war sent petroleum prices tumbling in 2020, they are again on the rise. A new oil price super-cycle - an extended period during which prices exceed their long-term trend - seems to be in the making, driven by pervasive supply shortages from the lack of investment that has continued since the 2014 collapse in oil prices and, more recently, reduced investment in shale oil production; and demand growth triggered by a strong recovery in countries such as China, a big stimulus package in United States, and global optimism about vaccines. ....
The Turkish economy will grow 5.8% this year and return to a lower trend from 2022 onwards, the International Monetary Fund said on Friday, calling for steps to address high inflation and low reserves. ....
The Basel Committee on Banking Supervision on Thursday proposed that a 1,250% risk weight be applied to a banks exposure to Bitcoin and certain other cryptocurrencies. ....