The American investment firm Bain Capital said on Sunday that it has reached an agreement to buy out the entire private stake held by the Adani family in the business by acquiring 90% of Adani Capital and Adani Housing. According… Read More ›
Economy & Finance
Consumers In The UK Buck High Inflation In June By Shopping More
Due to exceptionally hot weather and a comeback in food sales after King Charles’ coronation disrupted spending in May, British retail sales increased quicker than anticipated in June despite ongoing high inflation, official numbers indicated on Friday. While the highest… Read More ›
G20 Proposal To Quadruple Green Energy Capacity Is Opposed By Saudi Arabia And Russia
According to three reports, major fossil fuel producers such as Saudi Arabia and Russia on Friday opposed a plan to increase the G20’s renewable energy capacity by 2030. The plan was also opposed by coal exporters South Africa and Indonesia… Read More ›
In “Turbulent Times,” Musk Believes Tesla May Continue To Reduce Pricing
Elon Musk, the CEO of Tesla, hinted on Wednesday that he will lower costs once more for electric vehicles in “turbulent times,” despite the fact that his company’s profits are being squeezed by his fierce price battle with competing automakers…. Read More ›
Volvo Cars Predicts Strong Demand And Impending Price Pressure
In spite of price constraints, Swedish automaker Volvo Cars anticipated strong demand for its vehicles on Thursday, despite reporting a 54% decline in second-quarter operating earnings due to the year-ago quarter’s profit being boosted by a one-time gain. Volvo Cars,… Read More ›
By 2031, Older Adults Will Make Up Over A Fourth Of Workforce Throughout The G7, Says A Report
A recent global analysis from Bain & Company predicts that people over the age of 55 would have 150 million more jobs by 2030. By 2031, older and more seasoned workers will make up more than a quarter of the… Read More ›
According To ADB, China’s Conservative Consumer Confidence Is Hindering Economic Recovery
According to Albert Park, chief economist of the Asian Development Bank, China’s hesitant consumer confidence has been “a dampener” for its frail recovery. The second-largest economy in the world earlier this week released second quarter GDP figures that mostly fell… Read More ›
A Consumer Group In The UK Calls On The Government To Take Action On Grocery Pricing
Which?, a British consumer group, has urged the government to take action to assist consumers when the competition watchdog releases its study of grocery pricing, claiming that some food costs have risen by up to 175% since 2021. Which? discovered… Read More ›
China’s Q2 GDP Falls Short, While Youth Unemployment Reached A New High
China reported Monday that its second-quarter GDP increased by 6.3% year on year, falling short of estimates. In June, the unemployment rate among young individuals aged 16 to 24 was 21.3%, a new high. The second-quarter GDP figure of 6.3%… Read More ›
New Research Says Inflation Expected To Trigger The First Fall In Back-To-School Spending In Nine Years
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 ›
manageria.biz 