Weak confidence in personal finances and a squeeze on disposable income will limit food retail sales growth to around 5% in 2023, trailing inflation and December’s growth rate, according to NielsenIQ data released on Tuesday. In November, the Bank of… Read More ›
Customers of the cryptocurrency-focused US bank Silvergate have withdrawn more than $8 billion in crypto-linked deposits. In the final three months of 2022, roughly two-thirds of the bank’s customers withdrew their deposits. To cover the costs and remain liquid, the… Read More ›
Most people associate electric vehicles with automobiles. Global sales of electric vehicles have increased dramatically, with brands ranging from Tesla and Rivian in the United States to Nio and XPeng in China. The International Energy Agency reported that two million… Read More ›
FTX’s bankruptcy team in the United States has agreed to work with liquidators winding down the crypto exchange’s operations in the Bahamas, resolving a dispute that threatened the recovery of potentially billions of dollars in lost funds. The two sides… Read More ›
With the global fast food chain McDonald’s refocusing its priorities to accelerate restaurant expansion, the brand is contemplating cutting down jobs to reorganize the company, according to CEO Chris Kempczinski. The fast-food corporation stated that the job cuts are not… Read More ›
Inflation in the eurozone fell for the second month in a row in December, but analysts do not expect the European Central Bank to change its tone. According to preliminary Eurostat data released Friday, headline inflation, which includes food and… Read More ›
Economists predict that the UK’s economic contraction in 2023 will be nearly as severe as Russia’s, as a sharp drop in household living standards weighs on activity. Goldman Sachs forecasts a 1.2% contraction in UK real GDP this year in… Read More ›
According to a “evolution roadmap” seen by Reuters on Monday, the World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises, and will negotiate with shareholders ahead of April meetings on proposals… Read More ›
According to an internal posting of reporting lines examined by Reuters, Tom Zhu, the CEO of Tesla Inc. in China, has been promoted to assume direct management of the electric carmaker’s U.S. assembly plants as well as its sales operations… Read More ›
The Dogecoin Foundation has announced a new fund for Dogecoin Core developers in order to further promote the Dogecoin ecosystem in the coming year. The foundation announced on December 31 that it is allocating 5 million Dogecoin, which is approximately… Read More ›
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