News from October 2021
Personal income and outlays, September 2021
By Press Release | Oct 29, 2021
Personal income decreased $216.2 billion (1.0 percent) in September according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $236.9 billion (1.3 percent) and personal consumption expenditures (PCE) increased $93.4 billion (0.6 percent).
IMF management approves a Staff-Monitored Program for the union of the Comoros
By Andrew Kanyegirire | Oct 29, 2021
On September 29, 2021, the Management of the International Monetary Fund (IMF) approved a Staff-Monitored Program (SMP) for Comoros for the period July - December 2021.
World Bank Online: Global Wealth Has Grown, But at the Expense of Future Prosperity: World Bank
By 'Online Media Briefing Center' via News GlobeBanner | Oct 29, 2021
In the case of an embargo break, the reporter and their organization will be denied access to the Online Media Briefing Center for six months.
WHO backing program to provide COVID-19 pills, vaccines for poor countries
By David Hutton | Oct 28, 2021
WHO chief Tedros Adhanom Ghebreyesus said treating COVID-19 in underdeveloped countries is “not a supply problem”
Gross Domestic Product, third quarter 2021 (advance estimate)
By Press Release | Oct 28, 2021
Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the third quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 6.7 percent.
Joint action needed to secure the recovery
By Press Release | Oct 28, 2021
G20 should lead in sharing vaccine doses, helping developing countries financially, and committing to reaching net-zero carbon emissions by mid-century.
IMF team and the authorities from the Democratic Republic of Congo reach staff-level agreement on the first review under the Extended Credit Facility
By Meera Louis | Oct 27, 2021
An International Monetary (IMF) team, led by Ms. Mercedes Vera Martin, conducted virtual discussions (October 4-13) and meetings with the authorities in Kinshasa during October 20-27, on the first review under the three-year arrangement under the Extended Credit Facility (ECF).
Roman noblewoman’s tomb reveals secrets of ancient concrete resilience
By Paul Gabrielsen | Oct 27, 2021
Over time, concrete cracks and crumbles. Well, most concrete cracks and crumbles. Structures built in ancient Rome are still standing, exhibiting remarkable durability despite conditions that would devastate modern concrete.
Daimler Media Site: New press releases available
By 'Daimler Media Site' via News GlobeBanner | Oct 27, 2021
The Center of Competence 3D-Printing at Daimler Buses is expanding its portfolio and is now also offering additive manufacturing services to customers of other industries.
Google pays Russian fines over alleged 'censorship' violations
By David Hutton | Oct 26, 2021
Tech giant forced to pay more than $455,000 in fines after it failed to follow censorship rules
IMF pulls back economic growth outlook for Asia
By David Hutton | Oct 26, 2021
As storm clouds gather amid supply chain worries and the potential for a new wave of COVID-19 infections, the International Monetary Fund is reining in its economic growth forecast for Asia.
Surging energy prices may not ease until next year
By Andrea Pescatori | Oct 26, 2021
Soaring natural gas prices are rippling through global energy markets—and other economic sectors from factories to utilities.
IMF executive board approves a US$76 million disbursement under the Rapid Credit Facility to Burundi to address the COVID-19 pandemic
By Eva Graf | Oct 26, 2021
The Executive Board of the International Monetary Fund (IMF) approved a disbursement of SDR 53.9 million (35 percent of quota, about US$76.2 million) under the Rapid Credit Facility (RCF).
Electrical control over designer quantum materials
By Andreas Trabesinger | Oct 26, 2021
In the past few years, suitably engineered stacks of two-dimensional materials have emerged as a powerful platform for studying quantum correlations between electronic states. ETH physicists now demonstrate how key properties of such systems can be conveniently tuned by changing an applied electrical field.
NREL, Mines insight could lead to better silicon solar panels
By Press Release | Oct 25, 2021
Researchers at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) and Colorado School of Mines are applying a new technique to identify defects in silicon solar cells that cause a drop in efficiency.
ADM partners with China-based Vland 'to explore the promising market of human probiotics' in the region
By Andy Nghiem | Oct 25, 2021
Food processing and nutrition company ADM has partnered with Qingdao Vland Biotech Group Co., Ltd. (Vland) to expand its human probiotics offering in China and better serve the demand of the nutrient supplements in the region.
'You have to look elsewhere': Tech companies embrace remote work
By Ariana Chiarenza | Oct 24, 2021
In the wake of the early days of the pandemic, many tech companies have deemed it best to permanently adopt a fully remote model, while some look for ways to return to normality after months of working from home.
Barrell Craft Spirits looks for 'future growth' in Australia with new release
By Trina Thomas | Oct 23, 2021
Stellum Spirits will make its presence known in Australia with inaugural bourbon and rye expressions followed with single barrel releases later this year, a press release said.
Global suppliers face problems after pandemic disrupts supply chain 'at every corner'
By Ariana Chiarenza | Oct 23, 2021
Global suppliers continue to face problems while demands steadily increase due to the rattling of supply chains during the ongoing COVID-19 pandemic.
Circle commits to USDC on Hedera network
By Ariana Chiarenza | Oct 22, 2021
Circle, a global financial technology firm, announced Oct. 18 its commitment to provide support for USD Coin (USDC) on the Hedera Network, well-known as one of the most used, sustainable, enterprise-grade public networks for the decentralized market.