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Monthly Review - June 2021

one year ago




S&P 500




FTSE 100


CAC 40


DAX 30


BEL 20






 Source: Bloomberg 30.06.2021
G7 Tax

Tax goes global

The G7 group of nations has agreed a deal for a global minimum tax rate of at least 15%. The new rules will see the largest and most profitable companies paying tax in the countries where they do business, not just where they are registered. This could spell the end of the inventive tax strategies employed by many multi-national companies, such as diverting profits to offshore tax havens. But before coming into effect, the deal needs further backing. Not only the G20 nations, but also the 139 countries of the OECD will have to approve.



High profile cyberattacks are on the increase. Last month, an attack on the Colonial Pipeline caused several days of fuel shortages on the East Coast of the US. It’s known as ‘ransomware’, where hackers encrypt critical files and demand payment in exchange for their safe return. This time the ransom was paid through bitcoin, the currency of choice for hackers due to its anonymous nature. But in a surprise move the FBI was later able to trace the payments and recover $2.3 million of bitcoin from the hackers’ virtual wallets.


Inflation spikes

Inflation in various measures, such as the consumer prices index (CPI), has shot up as global economies reopen. In May the year on year jump in US CPI was 5%, its highest since 2008. Why are these figures so high? Importantly, current prices are being compared to those a year earlier, in the nervous early days of the pandemic. Another reason is the imbalance between increasing demand and the supply bottlenecks plaguing many industries. But questions remain. Is inflation transitory or here to stay? And how should the central banks respond?

Your latest insights

Archinomics Monthly - July 2022

Article | Investments | 05/08/2022

The US Federal Reserve (Fed) raised interest rates by 75 basis points for the second time in two months, taking them to a range of 2.25% to 2.5% - a level that is considered to be ‘neutral’ for the economy. 

Shrinkflation - what's the big story?

Article | Investments | 02/08/2022

Research in the UK showed that over 2,500 products shrank over a 5 year period, while only 614 got bigger. Welcome to the world of shrinkflation. We take a look at the serious side of a rather odd word.

Monthly Review - July 2022

Article | Investments | 02/08/2022

Although little known in global markets, Chinese auto maker BYD has taken the World No 1 slot for sales of electric vehicles. The company, whose name stands for ‘Build Your Dreams’, has leapfrogged the ambitions of established car manufacturers such as VW or Ford to beat Tesla into second place.

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