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Apr 13, 2021 7:00:00 AM | LGT Navigator

LGT Navigator: US government addresses bottlenecks in chip industry

The White House has addressed supply bottlenecks in the semiconductor industry and sees the shift of chip supply chains to the Far East as a threat to the US economy. It wants to counter this threat with government support. US President Joe Biden promised support for companies battered by the shortage of supplies.

Apr 12, 2021 1:45:00 PM | LGT Motorsport News

Audi Sport ABT Schaeffler again with bad luck

A disappointing end to the Formula E race weekend in Rome for Audi Sport ABT Schaeffler: on Sunday, both Lucas di Grassi and René Rast did not finish the race following accidents. 

Apr 12, 2021 1:34:00 PM | LGT Motorsport News

Lucas di Grassi the tragic hero in the Rome E-Prix

The third round of the ABB FIA Formula E World Championship in Rome (Italy) was five minutes too long for Lucas di Grassi: leading the race and already eyeing victory, the Brazilian from the Audi Sport ABT Schaeffler team came to a stop without drive three laps from the finish. His teammate René Rast moved up from 20th on the grid to sixth.

Apr 12, 2021 7:00:00 AM | LGT Navigator

LGT Navigator: Fed Chairman Powell reaffirmes monetary policy

Federal Reserve Chairman Jerome Powell has reaffirmed the loose monetary policy and once again appeared relaxed with regard to the inflation trend. Concerns about an increase in inflation had initially caused a subdued mood on US stock markets at the end of the week. Finally, the indices closed at new record levels. This week, investors will focus on the first quarter earnings season.

Apr 9, 2021 7:00:00 AM | LGT Navigator

LGT Navigator: Fed and ECB remain relaxed on inflation expectations

The Federal Reserve has the tools to contain any inflationary pressures that might arise as the economy recovers from the corona crisis, said Fed Chairman Powell yesterday and thus calmed growing concerns about a sharp and rapid rise in inflation. The ECB also expects inflationary pressure to be only temporarily stronger. The two most important central banks are thus signaling that a change of course is not to be expected at present. These “assurances” are likely to go down well on stock markets.

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