Author Archives
-
Europe Could Return To Using Coal As Russia Significantly Reduces Gas Supply
Europe’s largest Russian gas purchasers were scrambling to find other fuel supplies and even considering burning additional coal to compensate for lower gas flows from Russia on Monday, which threatened an energy crisis in winter if reserves were not replenished…. Read More ›
-
Workers Of Apple Store In US To Form A Trade Union, The First For The iPhone Maker In US
Employees at an Apple store in Maryland chose to unionise, establishing the tech giant’s first retail union in the United States. The Towson store employees voted 65-33 in favour of the initiative, with approximately a dozen abstentions. After the results… Read More ›
-
China’s Xi Predicts Commerce With Russia Will Break Records In The Coming Months
Despite Western sanctions on Russia for its invasion of Ukraine, Chinese President Xi Jinping has reiterated his country’s determination to trade with Russia. “Today our cooperation between Russia and China [is] rising,” Xi said, according to an official English translation… Read More ›
-
Bank Of England Hikes UK Interest Rates To 1.25%
Interest rates in the United Kingdom have climbed further as the Bank of England works to slow the rate of price rises. Rates have risen from 1 per cent to 1.25 per cent for the fifth time in a row, reaching… Read More ›
-
Revlon Declares Bankruptcy As The Online Beauty Race Hits Sales Of The Company
Revlon Inc has declared bankruptcy after succumbing to debts incurred in its efforts to compete with online-focused upstarts. In a court statement on Wednesday, the 90-year-old company, known for its nail polishes and lipsticks, stated assets and liabilities ranging from… Read More ›
-
US Fed Raises Interest Rates For The First Time Since 1994, Signalling A Deteriorating Economy
The Federal Reserve approved its largest interest rate hike in more than a quarter-century on Wednesday to stem a surge in inflation that U.S. central bank officials acknowledged may be eroding public trust in their power and is being driven… Read More ›
-
Bitcoin Drops To A New 18-Month Low As The Crypto Collapse Worsens
Bitcoin fell to a fresh 18-month low on Wednesday, bringing smaller tokens down with it and worsening a market crisis caused by crypto lender Celsius suspending customer withdrawals earlier this week. The world’s largest cryptocurrency dropped 7.8 percent to $20,289,… Read More ›
-
Following Rise In Bond Yields, ECB To Develop A New Instrument To Manage Fragmentation Risk
The European Central Bank revealed Wednesday that it intends to develop a new instrument to combat the possibility of eurozone fragmentation, in an effort to allay fears of a new debt crisis. The decision follows the central bank’s surprise emergency… Read More ›
-
Amazon Proposes To Exchange Data To Help Competition To Avert EU Antitrust Sanctions
Amazon has offered to share marketplace data with sellers and increase the visibility of rival products on its platform in an attempt to persuade EU antitrust investigators to finish their investigations without a fine before the end of the year,… Read More ›
-
J.P. Morgan Forecast That Apple Music And Gaming Will Generate More Than $8 Billion In Sales By 2025
Apple Inc’s revenue from gaming and music offers is likely to rise 36% to $8.2 billion by 2025, according to J.P.Morgan, as the iPhone manufacturer leverages its massive user base to power its subscription services. According to JPM analysts lead… Read More ›
manageria.biz 