On Friday, in a statement the Australian Securities and Investments Commission (ASIC) said, the Commonwealth Bank of Australia, the country’s largest lender has pleaded guilty to 30 criminal charges for mis-selling consumer credit insurance between 2011 and 2015. The scrutiny… Read More ›
Economy & Finance
Japanese Firms Hit Heavily By Global Supply Constraints
A worldwide parts and chip scarcity is weighing heavily on Japanese industries, with seven out of eight automakers reporting a decline in global output in September. This has cast doubts on the central bank’s assumption that the impact of supply… Read More ›
German Consumers Slated To Face Higher Prices Across The Board
German customers are facing higher pricing for items across the board as more firms in Europe’s largest economy opt to pass on their higher manufacturing costs to customers as a result of widespread supply constraints and a rise in energy… Read More ›
Travel And Fashion Brands Benefit From Reopening Of Asia While Pandemic Winners Take Backseat
With the easing of lockdowns and improving rates of Covid-19 vaccinations, fashion brands and airlines are regaining investor favor in Asia, as there has been an increase in travel and leisure activities while stripping off some of the luster off… Read More ›
China Is Rationing Diesel Because Of Fuel Shortages
In several parts of China, petrol stations have begun limiting diesel purchasess by customers due to rising costs and dwindling supply. According to tweets on the social media site Weibo, some truck drivers are being forced to wait for days… Read More ›
COVID-19’s Delta variant slammed breaks on US third quarter growth
During the third quarter, it is likely that the U.S. economy grew at its slowest pace in more than a year with the Delta variant of COVID-19 acting as a drag against the economy. The US Commerce Department’s advance gross… Read More ›
Increase in carbon pricing on greenhouse gas emissions will result in real change: GFMA
On Thursday, in a statement the Global Financial Markets Association (GFMA) said, countries should increase the use of carbon markets to meet goals set by the Paris climate agreement aimed at limiting a rise in the earth’s temperature to 1.5… Read More ›
Higher Prices And Newer Menu Items Helps Push Up Mcdonald’s Sales
Quarterly sale figures of McDonald’s Corp in the United States beat projections of the Wall Street, thanks to higher prices, larger order quantities, and additional menu items like the crispy chicken burger, the global fast food chain announced Wednesday. In… Read More ›
Uber To Offer 50,000 Tesla Rentals To Its US Driver In Partnership With Hertz
Uber Technologies will offer 50,000 Tesla Inc automobiles as a rental option to its ride-hailing drivers by 2023 in partnership with Hertz, the ride-hailing company announced on Wednesday. According to a blog post by the ride-hailing business, a Tesla car… Read More ›
China’s Top Hot Pot Firm Loses $4 Billion In Three Days Due To Covid-19 Spike
The Chinese government’s escalating restrictions imposed to contain a rise in Covid-19 cases is having an impact on local businesses as a leading Chinese hot pot chain’s market value dwindled by $4 billion in a span of just three days…. Read More ›