After a slow period, JPMorgan Chase’s CEO of asset and wealth management, Mary Erdoes, stated that the bank is witnessing indications of an improved Chinese economy, which will support the bank’s operations in the nation. As China’s economy develops unevenly… Read More ›
Although Labour, a left-leaning party, has courted bankers in a bid to achieve power, several of its policies are still anticipated to negatively impact the industry’s earnings should it win next month’s election. Labour was once perceived as being antagonistic… Read More ›
The European Union’s banking watchdog said on Thursday that banks around the EU saw a spike in soured loans to small and medium-sized businesses in the first quarter of the year, despite their continued profitability. The European Banking Authority (EBA)… Read More ›
China’s trade ministry said on Thursday that the European Commission’s eight-month anti-subsidy inquiry has yielded unprecedented amounts of precise information about the supply chains of Chinese automakers, information that may potentially hinder fair competition. In an effort to counteract excessive… Read More ›
In the final print of the crucial economic indicator before the July national elections, the Office for National Statistics reported on Wednesday that U.K. inflation dropped to the Bank of England’s objective of 2.0% in May. The headline number decreased… Read More ›
Fisker, the most recent electric car company to fail due to funding issues, low sales, and issues with the supply chain and distribution, filed for bankruptcy protection. The popular Ocean electric SUV from Fisker has not seen much demand. The… Read More ›
The national statistics office of Italy – ISTAT, stated on Tuesday that extreme weather events connected to climate change caused a decline in wine, fruit, and olive oil output last year, which in turn caused a decrease in agricultural production in Italy…. Read More ›
If banks continue to be essential to the flow of money as they already are, plans for a digital euro would be “very good” for the currency bloc and its lenders, according to Andrea Orcel, chief executive of UniCredit. Orcel… Read More ›
Windmills were formerly the main feature of Castilla-La Mancha, a patchwork plain in central Spain. However, the contemporary version of them is now much more noticeable on the region’s skyline: wind turbines. This panorama is viewed from the 28 enormous… Read More ›
According to merchants and economists, if Beijing bans imports from the European Union in reaction to the intensifying trade tensions, pork exporters from South America and the United States may gain market share in China. Russia, which began exporting pork… Read More ›
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