According to economists at Goldman Sachs Group Inc., interest rates in the United States could rise to 5% by March 2023, which would be a 25 basis point increase from earlier forecasts. David Solomon, the CEO of Goldman Sachs, stated… Read More ›
Month: October 2022
UK Businesses Anticipate Tough Conditions To Persist In The Coming Months: CBI
According to a business survey that was released on Sunday, British companies believe the doom that currently hangs over their prospects will continue in the near future. In the three months ending in October, the Confederation of British Industry’s (CBI)… Read More ›
Will Donald Trump Re-Enter The Twitter Sphere?
When Donald Trump was banned from the social media site, ostensibly for life, he was very critical of it. Twitter stated that the permanent suspension was “due to the risk of further incitement of violence” after the Capitol Hill riots…. Read More ›
According To WHO, Deaths Due To Tuberculosis Increased During The Pandemic, Offsetting Years Of Decline
According to the World Health Organization, between 2019 and 2021, tuberculosis deaths are expected to have increased globally, reversing years of decline as the COVID-19 pandemic severely hampered efforts to combat the disease. The COVID-19 pandemic has hampered global efforts… Read More ›
McDonald’s Exceeds Profit Projections And Attracts Low-Income Customers
McDonald’s Corp beat quarterly comparable sales and profit estimates, aided by higher menu prices and increased restaurant traffic from inflation-weary customers seeking value meals. The stock increased 3.5% to $265.69. McDonald’s, like other fast-food restaurants, raised the prices of its… Read More ›
Amazon Shares Fall, While Big Tech Peers Remain Stable
Amazon.com Inc’s stock fell about 8% on Friday after the company forecasted holiday-quarter sales that fell short of Wall Street expectations, while its Big Tech peers recovered from a bruising selloff this week. The online retailer’s market cap briefly fell… Read More ›
EU Approves Effective Ban On New Fossil Fuel Cars From 2035
The European Union has reached an agreement on a law that will effectively ban the sale of new petrol and diesel cars beginning in 2035, aiming to accelerate the transition to electric vehicles and combat climate change. Negotiators from EU… Read More ›
Germany Avoids A Recession, But Inflation Rises To 11.6%
Germany avoided recession in the third quarter with unexpected growth, but the economy remained choppy as high inflation fueled by a painful energy standoff with Russia surged, according to data released on Friday. According to the federal statistics office, consumer… Read More ›
Britain Proposes That All Cryptoassets Be Regulated
Britain would have the authority to regulate all cryptoassets under a proposal added to a draft law before parliament that will almost certainly pass. Andrew Griffith, who was re-appointed as City Minister by Britain’s new Prime Minister Rishi Sunak on… Read More ›
Southeast Asia’s Top Digital Economies Are Expected To Reach $200 Billion By 2022, According To A New Report
According to a new report by Google, Temasek, and Bain & Company, South East Asia’s top digital economies grew faster than expected in 2022 and are on track to reach $200 billion in total transaction value this year. The achievement… Read More ›
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