U.N. climate director Simon Stiell urged nations to cooperate in order to secure a final agreement for the summit, where they were debating whether to demand an end to fossil fuels, as the COP28 climate talks approached their critical point… Read More ›
Month: December 2023
Argentina’s New President Warns Of An Impending ‘Shock Treatment’ For The Economy
In his first speech as president, Argentina’s new far-right leader has promised to impose “shock treatment” on the economy. “There is no money” is the warning that Javier Milei gave the Argentine people, and he reiterated his commitment to a… Read More ›
Wishing For The $1 Trillion Base Trade To “Soft Land”
As the so-called “basis trade” comes to an end, hedge funds appear to be reducing their historically large short positions in U.S. Treasury futures. Regulators have cautioned that this unwind could seriously jeopardise the integrity of the financial system. With… Read More ›
How Russia’s Economy Expanded And Stagnated Under Putin’s Leadership
During the duration of President Vladimir Putin’s nearly 24-year tenure at the head of Russian politics, Russians have experienced a remarkable rise in living conditions. Putin declared on Friday that he would seek the presidency once more. Millions of Russians… Read More ›
November Saw A Sharp Increase In China’s Car Sales As The Pricing Battle Heats Up
According to industry data released on Friday, China’s sales of passenger vehicles increased by 25.5% in November compared to the same month last year, surpassing the growth rate of October. This surge was fuelled by automakers stepping up their pricing… Read More ›
Adidas Looks For A Competitive Edge In New Sports As It Competes For The Olympics Race
Adidas wants to establish its brand in minor sports like breaking, climbing, skateboarding, and BMX as competing sportswear brands compete for position ahead of the Paris Olympics in 2020. Adidas CEO Bjorn Gulden is trying to restore the company’s reputation… Read More ›
Details About The EU AI Act And The Likely Time Of The Regulation Being Enforced
The first-ever artificial intelligence (AI) regulations being negotiated by the European Union appeared to be heading towards a dramatic conclusion on Wednesday as legislators began what many believe will be the last round of talks on the historic legislation. The… Read More ›
McDonald’s Plans To Build 10,000 Additional Locations And Increase Loyalty In Order To Expand Quickly
McDonald’s plans to open over 10,000 locations worldwide by 2027, perhaps marking the fast-food chain’s biggest expansion era ever, according to a statement released by the company. Additionally, the firm announced intentions to grow its user base to 250 million… Read More ›
With The Economy Hurting, Young Chinese Consumers Flood Bargain Basements As They Feel “The First Floor Is Too Expensive”
Min Li rarely visits shopping centres. When she arrives, however, she makes a beeline for the basement, slipping past the first floor, which is surrounded by upscale stores like Gucci, Chanel, Louis Vuitton, and others, according to a report by… Read More ›
Tech Advocacy From Japan Cautions Against The EU Cybersecurity Branding Programme
In a letter to the EU industry leader, the lobby group Japan Association of New Economy joined forces with U.S. Big Tech to express concerns over new cybersecurity labelling laws in the EU, claiming that they could restrict their access… Read More ›