Lego said that store openings in China, as well as strong demand in Western Europe and the Americas, resulted in 17% sales growth in 2022, and that it expects to outperform the market this year. Last year, the family-owned company… Read More ›
Economy & Finance
Japan Reported Highest Ever Current Account Deficit In January
In January, Japan recorded its largest current account deficit in history, as a combination of the global slowdown and China’s Lunar New Year holidays hampered the country’s ability to earn money through trade. The trade balance, which is part of… Read More ›
Swiss National Bank Reveals A Loss Of 132.5 Billion Swiss Francs For The Fiscal Year
The Swiss National Bank reported an annual loss of 132.5 billion Swiss francs ($141.54 billion) on Monday, in line with the preliminary figures released in January. The loss, the largest in the central bank’s 115-year history, was caused by a… Read More ›
New Study Reveals Multilateral Organizations Undervalue Women Leaders
Since 1945, women have held only 12% of the top jobs at 33 of the world’s largest multilateral institutions, and more than a third of those bodies, including all four major development banks, have never been led by a woman,… Read More ›
China Sets Formal Regulations For International IPOs
There is now more clarity regarding whether Chinese companies can list abroad in the United States. Late Friday night, the China Securities Regulatory Commission unveiled new guidelines that call for domestic businesses to abide by national security measures and the… Read More ›
EU Urges Banks To Adopt Crypto Capital Regulations Quickly
If Europe wants to meet a globally agreed-upon deadline, strict capital requirements for banks holding cryptoassets must be fast-tracked in the pending banking law of the European Union, according to the bloc’s executive. The implementation of capital requirements for banks’… Read More ›
India’s Daily Imports Of Russian Oil Reached A Record High Of 1.4 Million Barrels In January
According to data from trade sources, India’s imports of Russian oil increased to a record 1.4 million barrels per day (bpd) in January, up 9.2% from December. Moscow continued to be New Delhi’s top monthly oil supplier, followed by Iraq… Read More ›
Goldman Sachs Anticipates A 24% Increase In China Stock Prices By The End Of 2023
According to Goldman Sachs strategists, by the end of this year, Chinese stocks could rise by as much as 24% due to an economic transition from “reopening to recovery.” According to a note published on Monday, the company anticipates a… Read More ›
UK Consumers Made More Purchases In January, But The Economy Is Still In General Decline
Although British consumers unexpectedly increased their shopping in January, the overall picture still shows weak demand from households struggling with inflation and turning more to retailer sales to make ends meet. Sales volumes increased by 0.5% from December, marking only… Read More ›
The Biggest Unknown For Oil Markets Is China’s Recovery, According To The IEA Chief
The extent to which China recovers from its prolonged closure, according to the executive director of the International Energy Agency, is the biggest uncertainty facing global energy markets. At the Munich Security Conference, Fatih Birol told CNBC that the oil… Read More ›
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