According to JPMorgan, the end of China’s zero-covid policy over the next two years could benefit Australia’s economy significantly. “China’s shift toward an earlier reopening raises the question of potential implications for the Australian economy,” JPMorgan’s chief investment strategist Tom… Read More ›
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Customers of the cryptocurrency-focused US bank Silvergate have withdrawn more than $8 billion in crypto-linked deposits.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 ›
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 ›
The UK government announced a collaboration with the German firm BioNTech on Friday to test potential vaccines for cancer and other diseases, as campaigners warned that any breakthrough must be affordable and accessible. Patients with cancer in England will have… 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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