According to a survey released a day after the Bank of England unexpectedly increased interest rates and signalled that it was prepared to take other steps to slow price growth, although Britain’s economy showed signs of slowing down this month,… Read More ›
Month: June 2023
High-End Consumers Are Buying More Luxury Goods In The United States, According To Bain & Co
According to consulting firm Bain & Company, luxury companies in the United States that target wealthier consumers are doing better than those that target aspirational consumers on lower incomes who are put off by the current economic climate. Bain boosted… Read More ›
As He Sues Nissan In Lebanon, Ghosn Vows To Battle “To The Bitter End”
In his first legal battle, former Nissan chairman Carlos Ghosn declared on Tuesday that he would fight “to the end” in the $1 billion case he has filed against the Japanese automaker. Nissan, as well as 12 people and two… Read More ›
‘Progress’ In Supply Chain With Soaring Jet Orders At The Paris Air Show
On Wednesday, Pratt & Whitney, a manufacturer of jet engines, noted “solid progress” in the aerospace supply chain, addressing a significant area of worry for aircraft manufacturers as they continue to tally orders at the Paris Airshow. Huge orders from… Read More ›
UK Economy Is In A “Doom Loop” As Investments By Businesses Falls Behind Its G7 Counterparts
Britain’s economy is stuck in a growth “doom loop,” according to the U.K.’s Institute for Public Policy Research, due to decades of underinvestment by the government and corporations. According to recent data from a left-leaning think tank, the U.K. has… Read More ›
The Goal Of Macron’s Paris Meeting Is To Revive The Global Finance Agenda
On Thursday and Friday this week, a summit is being hosted by French President Emmanuel Macron to lay out a plan for reducing the debt loads of low-income nations while freeing up more money for climate spending. In order to… Read More ›
IMF Developing Platform For Global Central Banks’ Digital Currencies
According to IMF Managing Director Kristalina Georgieva, the IMF is developing a framework for central bank digital currencies (CDBCs) to promote trade between nations. “CBDCs should not be fragmented national propositions… To have more efficient and fairer transactions we need… Read More ›
More Countries Are Affected By The Continued Toxic Syrup Risk, Claims The WHO
Toxic cough syrups continue to represent a hazard on a worldwide scale, the World Health Organisation (WHO) told Reuters, adding that it is now collaborating with six more nations than previously disclosed to track the potentially lethal children’s medications. After… Read More ›
VW Perfects The Dry-Coating Battery Process, Which Might Lower Cell Costs
According to Volkswagen’s battery boss, the company has perfected a dry coating battery manufacturing technique that, if scaled up, could reduce the cost of cell production by hundreds of millions of euros annually. The automaker claimed that it and the… Read More ›
JLR Uses AI From Everstream Analytics To Avoid Supply Chain Issues
JLR said on Monday that it has teamed up with supply chain mapping and risk analytics company Everstream Analytics. This partnership will integrate artificial intelligence into the system of the British luxury carmaker to help prevent future troubles with the… Read More ›