According to a Deloitte survey released on Wednesday, back-to-school spending is anticipated to decline for the first time in nine years as consumers of all income levels prioritise essentials over non-essential purchases in the face of persistent inflation. According to… Read More ›
Month: July 2023
US Inflation Is Rising At Its Most Moderate Rate In Two Years
Last month, with the help of more affordable used automobiles, the US’s rate of price increase slowed to its lowest level in more than two years. Data show that inflation increased from 4% in May to 3% in the year… Read More ›
Global Investors Are Relieved By China’s Tech Recovery, But They Are Not Yet Persuaded
The recent developments at the Jack Ma-founded Ant Group have only served to serve as a reminder to international investors of the country’s changeable regulatory rules and the vulnerability of the sector, rather than sparking a relief rally in China’s… Read More ›
SoftBank Is Thinking About Listing Its PayPay Company In The US: Reuters
SoftBank is thinking about listing its PayPay payments division on the New York Stock Exchange. If successful, this would be the second American listing for Masayoshi Son’s vast tech conglomerate after Arm, claimed a Reuters report quoting information from sources. … Read More ›
Goldman Sachs Forecasts India To Become Second Largest Economy Of The World By 2075 Overtaking The U.S.
By 2075, India will surpass not just Japan and Germany but also the United States to become the second-largest economy in the world, according to Goldman Sachs. India currently has the fifth-largest economy in the world, trailing only China, the… Read More ›
Meta’s Threads Touches 100 Million Users, Traffic On Twitter Is Becoming Static
Since the debut of Meta’s text-based platform Threads last week, which has already crossed 100 million sign-ups since its debut, user activity on Twitter has decreased. The U.S. version of Threads began on Wednesday, and executives from Meta, including Instagram… Read More ›
Deflation Pressure In China Is Intensifying As Consumer Prices Decline
In June, consumer prices in China teetered on the brink of deflation as producer prices dropped at their sharpest rate in more than seven years. This strengthens the case for officials to employ more stimulus to boost sluggish demand. For… Read More ›
Thailand’s EV Growth, Driven By China, Threatens Japan’s Control Of A Crucial Market
With a plant that could produce four cars a day, Siam Motors of Thailand teamed up with Nissan Motors in 1962, beginning a successful, long-lasting partnership with Japanese firms that turned it from a car dealer to an automotive pioneer…. Read More ›
McDonald’s Removes Tomatoes From Its Menu In India Due To Poor Quality And Rising Costs.
In many regions of India, McDonald’s restaurants have stopped serving tomatoes with their burgers and wraps due to supply issues and concerns about the vegetable’s quality after record-breaking price increases. The traditional Indian food staple’s wholesale costs in some areas… Read More ›
Twitter Might Have Trouble Proving That Meta Misappropriated Trade Secrets
The first shot in a legal confrontation between the two social media behemoths may be Twitter’s allegation that Meta Platforms stole trade secrets to create its new microblogging platform, but analysts say Twitter would face a difficult obstacle if it… Read More ›