During the duration of President Vladimir Putin’s nearly 24-year tenure at the head of Russian politics, Russians have experienced a remarkable rise in living conditions. Putin declared on Friday that he would seek the presidency once more. Millions of Russians… Read More ›
Economy & Finance
November Saw A Sharp Increase In China’s Car Sales As The Pricing Battle Heats Up
According to industry data released on Friday, China’s sales of passenger vehicles increased by 25.5% in November compared to the same month last year, surpassing the growth rate of October. This surge was fuelled by automakers stepping up their pricing… Read More ›
Adidas Looks For A Competitive Edge In New Sports As It Competes For The Olympics Race
Adidas wants to establish its brand in minor sports like breaking, climbing, skateboarding, and BMX as competing sportswear brands compete for position ahead of the Paris Olympics in 2020. Adidas CEO Bjorn Gulden is trying to restore the company’s reputation… Read More ›
Details About The EU AI Act And The Likely Time Of The Regulation Being Enforced
The first-ever artificial intelligence (AI) regulations being negotiated by the European Union appeared to be heading towards a dramatic conclusion on Wednesday as legislators began what many believe will be the last round of talks on the historic legislation. The… Read More ›
McDonald’s Plans To Build 10,000 Additional Locations And Increase Loyalty In Order To Expand Quickly
McDonald’s plans to open over 10,000 locations worldwide by 2027, perhaps marking the fast-food chain’s biggest expansion era ever, according to a statement released by the company. Additionally, the firm announced intentions to grow its user base to 250 million… Read More ›
With The Economy Hurting, Young Chinese Consumers Flood Bargain Basements As They Feel “The First Floor Is Too Expensive”
Min Li rarely visits shopping centres. When she arrives, however, she makes a beeline for the basement, slipping past the first floor, which is surrounded by upscale stores like Gucci, Chanel, Louis Vuitton, and others, according to a report by… Read More ›
Tech Advocacy From Japan Cautions Against The EU Cybersecurity Branding Programme
In a letter to the EU industry leader, the lobby group Japan Association of New Economy joined forces with U.S. Big Tech to express concerns over new cybersecurity labelling laws in the EU, claiming that they could restrict their access… Read More ›
China’s Factory Output Continue To Shrink, And Additional Policy Support Is Anticipated
November saw a faster-than-expected decline in China’s manufacturing activity, indicating that further stimulus will be required to support economic growth and rebuild public trust in the government’s ability to assist business. After better-than-expected third-quarter data, economists raised their projections for… Read More ›
UBS Identifies A Change In The New Billionaires’ Wealth From Entrepreneurial To Inherited
According to Swiss bank UBS, which released its annual report on Thursday, the number and total wealth of billionaires rose last year. For the first time in recent memory, the fortunes inherited by the newly minted super-rich surpassed the cash… Read More ›
Sweden’s Economy Is In Recession As Its GDP Shrank More Than Anticipated In Q3
The third quarter saw a 0.3% contraction in Sweden’s GDP as a result of increased interest rates discouraging investments and consumer expenditure. “GDP decreased for the second consecutive quarter,” the statistics office said in a statement. The GDP shrank by… Read More ›