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Markets rise on US rate cut optimism; Tesla shares jump 10% after better-than-expected car sales – business live | Business

Important Events GSK buys all rights to influenza and coronavirus vaccines from CureVac GSK It has acquired all rights to develop, manufacture and sell mRNA vaccines for influenza and COVID-19 from a German pharmaceutical company. Cure Back. Britain’s second-largest pharmaceutical company will pay 400 million euros upfront and up to an additional 1.05 billion euros […]

Powell: 'Quite a bit of progress' on inflation, but not enough to cut rates

Federal Reserve Chairman Jerome Powell said Tuesday that “significant progress” has been made toward stabilizing prices, but the central bank needs to see improving inflation measures before cutting interest rates to stimulate the economy. “We want to have greater confidence that inflation is declining sustainably towards 2 percent before we begin the process of easing […]

The Cut Flowers Civilization

Estimated Reading Time: 2 minutes This week, famed British atheist Richard Dawkins explained that he was a “cultural Christian.” Praising civilization in the United Kingdom, Dawkins stated: I do think that we are culturally a Christian country. I call myself a cultural Christian. I’m not a believer. But there is a distinction between being a believing […]

IMF chief urges US policymakers to cut deficits

International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday urged U.S. policymakers to use the U.S. recovery from the pandemic to pay down the budget deficit. Georgieva said policymakers should put the U.S. national budget deficit on a “decisive downward trajectory” to prevent investors from starting to lose interest in Treasuries. She praised legislation […]