News in Brief
Iran sets record for its lowest liquidity growth in five years
From March 21–April 21, Iran recorded its lowest liquidity growth in the past five years, raising hopes for reaching its targeted 25% liquidity growth by the end of the current Iranian calendar year (ending March 19, 2024).
According to a report by the Central Bank of Iran (CBI), Iran’s liquidity grew by 2.1% in the aforementioned one-month period, which decreased by 0.2% compared to the same figure for last year.
Swiss get behind
net-zero climate law
AFP – The Swiss, feeling the impact of global warming on their rapidly melting glaciers, on Sunday backed a new climate bill aimed at steering their country towards carbon neutrality by 2050.
Near-final results showed almost 59 percent of voters supporting the new law, which will require Switzerland to slash its dependence on imported oil and gas, scaling up the development, and use of greener and more homegrown alternatives.
Voters also overwhelmingly backed adopting a global minimum tax rate of 15 percent for multinational corporations in a second referendum, with nearly 79 percent in favour, with full results in from all but one of Switzerland’s 26 cantons.
Boeing boosts 20-year outlook due to demand
Reuters – U.S. planemaker Boeing (BA.N) slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers.
Boeing expects airlines will need to buy 42,595 jets from now until 2042, up from 41,170 planes in its previous 20-year forecast last year.