Japan’s services sector declined again in March. This was shown on Monday by figures from Markit Economics.
The Purchasing Managers Index for the services sector increased from 46.3 to 48.3 this time. The index has been at its highest level since January 2020.
It was announced last week that Japanese industry was growing at a faster pace in March. This Purchasing Managers Index rose from 51.4 to 52.7.
An index position greater than 50 indicates growth, while less than 50 means contraction.
The Central bank of Australia has again left monetary policy unchanged. This was demonstrated on Tuesday by the Reserve Bank of Australia’s latest interest rate decision. The bank indicated on Tuesday that the implementation of the vaccination programmes supports the recovery of the world economy, although the policy body described the pace of implementation as unbalanced. The RBA stated on...
American president Joe Biden will present a comprehensive new economic support package for the United States on Wednesday. It is a package of investments of 2.25 trillion dollars, or 2250 billion dollars, over an eight-year period. The money goes, for example, to bridges, roads, railways, ports, airports and other infrastructure. Biden will explain his support plans for the world’s largest...
Bitcoin company Bitonic wants to know from the judge whether regulator De Nederlandsche Bank (DNB) with its crypto rules is too strict for providers of digital coins. Bitonic believes that DNB’s requirements are contrary to the privacy rules. The case later on Tuesday goes to the Administrative Court in Rotterdam. According to the rules of the regulator, crypto providers of every buyer of...
Sales of new passenger cars in the European Union fell significantly in February due to ongoing lock-down measures to curb coronavirus in many European countries. According to industry association ACEA, sales fell by 19.3 percent compared to a year earlier, to a total of 771,486 cars. According to ACEA, this is the lowest sales for the month of February since 2013. Sales decreased in all EU...