China’s factory-gate inflation fell to its lowest level in 15 months in June, as the country continues to defy the global trend of rising prices. The producer pricing index (PPI) increased 6.1 per cent year on year in June, according… Read More ›
Month: July 2022
Food Prices Fell In June, Although Cereal Output Increased Marginally, Says The UN
According to the United Nations Food and Agriculture Organization, world food prices fell for the third month in a row in June, but remained close to record highs set in March. The Food and Agriculture Organization’s (FAO) food price index,… Read More ›
Q2 Earnings Of Major Banks Will Shed Insight On The Bleak Mortgage Picture In The US
As the United States Federal Reserve continues to raise interest rates, analysts and economists will be watching how banks’ mortgage businesses perform during their second-quarter earnings this month. The mortgage industry is downsizing after adding tens of thousands of workers… Read More ›
As Food Prices Rise, Half Of Britons Buy Less
According to official numbers released on Friday, nearly half of British citizens have reduced their food purchases as costs rise, while others have had to increase their spending on groceries. British consumer price inflation hit a 40-year high of 9.1… Read More ›
IMF’s President Says A Worldwide Recession “Cannot Be Ruled Out”
The International Monetary Fund (IMF) chief warned on Wednesday that the global economy’s outlook has “darkened markedly” since April, and she cannot rule out a worldwide recession next year given the high risks. IMF Managing Director Kristalina Georgieva told Reuters… Read More ›
Sri Lanka’s President Has Asked Russia’s Vladimir Putin For Assistance In Purchasing Petroleum
Sri Lanka’s president says he has asked Russia’s Vladimir Putin for assistance in importing fuel as the country faces its greatest economic crisis since its independence from Britain in 1948. Gotabaya Rajapaksa claimed he and Putin had a “very productive”… Read More ›
Twitter Filed Legal Challenge To Indian Government’s Order To Take Down Tweets
Twitter has filed a legal challenge to the Indian government requests to remove information. According to reports citing sources, the social media giant has filed a lawsuit with the Karnataka state high court against “many” such decisions. Twitter was responding to… Read More ›
Microsoft’s $69 Billion Acquisition Of Activision Is Being Investigated By The UK Competition Commission
The United Kingdom’s competition watchdog launched a probe into Microsoft’s proposed acquisition of video game maker Activision Blizzard on Wednesday. It is one of the first significant antitrust investigations into the $68.7 billion acquisition, which was announced in January. The… Read More ›
Zimbabwe Will Issue Gold Coins As The Country’s Currency Falls In Value
Zimbabwe’s central bank will begin selling gold coins as a store of value this month in order to combat rampant inflation, which has significantly undermined the local currency. The central bank governor, John Mangudya, said in a statement on Monday… Read More ›
Purchasers In Japan And South Korea Have Not Yet Been Requested To Pay Roubles For Russian LNG Supplies
After a senior management at gas producer Gazprom announced a plan to broaden the payment arrangement, major Asian customers of Russian liquefied natural gas (LNG) claimed they had yet to receive requests to pay for supply in Russian roubles. The… Read More ›
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