Author Archives
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H&M Will Liquidate Inventory Before Departing Russia
H&M has announced its exit from Russia, but will temporarily reopen its stores to sell off its remaining inventory. Due to the Ukraine crisis, the world’s second-largest clothing retailer claimed it would be “difficult” to continue doing business in Russia…. Read More ›
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Starbucks Is Considering Selling Its UK Operation: Reports
Starbucks is supposedly considering selling its UK operation as it faces increased competition and shifting customer patterns. Lockdown measures around the world have taken a heavy toll on the world’s largest coffee company. Starbucks stated that the company was “not… Read More ›
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Security Alert Following The Sale Of Stolen Chinese Data
After a hacker offered to sell stolen data from one billion Chinese individuals, Chinese President Xi Jinping encouraged state bodies to “protect information security.” The data was taken from Shanghai National Police, according to an advertisement on a criminal forum… Read More ›
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It Will Cost More To Fly, Warns IATA’s Willie Walsh
An airline executive has warned that if fuel prices rise, the cost of plane tickets will rise “without a doubt.” Oil prices have risen as economies recover from the Covid epidemic and as a result of the Ukraine conflict. According… Read More ›
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Google Made An Offer To Separate Its Ad Business Into New Alphabet Segment To Avoid Law Suit: Reports
The Wall Street Journal reported Friday that Google has offered to transfer sections of its ad-tech division into a separate entity under its parent firm Alphabet in order to avoid a second antitrust lawsuit from the Department of Justice. Such… Read More ›
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Contrary To Global Trends, China’s June Industrial Inflation Falls
China’s factory-gate inflation fell to its lowest level in 15 months in June, as the country continues to defy the global trend of rising prices. The producer pricing index (PPI) increased 6.1 per cent year on year in June, according… Read More ›
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Food Prices Fell In June, Although Cereal Output Increased Marginally, Says The UN
According to the United Nations Food and Agriculture Organization, world food prices fell for the third month in a row in June, but remained close to record highs set in March. The Food and Agriculture Organization’s (FAO) food price index,… Read More ›
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Q2 Earnings Of Major Banks Will Shed Insight On The Bleak Mortgage Picture In The US
As the United States Federal Reserve continues to raise interest rates, analysts and economists will be watching how banks’ mortgage businesses perform during their second-quarter earnings this month. The mortgage industry is downsizing after adding tens of thousands of workers… Read More ›
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As Food Prices Rise, Half Of Britons Buy Less
According to official numbers released on Friday, nearly half of British citizens have reduced their food purchases as costs rise, while others have had to increase their spending on groceries. British consumer price inflation hit a 40-year high of 9.1… Read More ›
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IMF’s President Says A Worldwide Recession “Cannot Be Ruled Out”
The International Monetary Fund (IMF) chief warned on Wednesday that the global economy’s outlook has “darkened markedly” since April, and she cannot rule out a worldwide recession next year given the high risks. IMF Managing Director Kristalina Georgieva told Reuters… Read More ›
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