In October, German investor sentiment was less pessimistic than expected, despite the fact that the current economic situation left little room for optimism following a drop in confidence the month before. The ZEW economic research institute reported on Tuesday that… Read More ›
Britain’s new finance minister, Jeremy Hunt, reversed the majority of Prime Minister Liz Truss’s unfunded tax cuts, sparking a rally in battered UK assets. However, UK borrowing costs and mortgage rates remain significantly higher than they were prior to the… Read More ›
Triller Inc, a short-video platform, is the latest company to stake its claim in the metaverse, launching a new platform called Metaverz on Monday. Triller claims that its Metaverz platform allows users to gather in virtual spaces to watch live… Read More ›
The Serum Institute of India plans to manufacture 20,000 to 30,000 doses of an experimental Ebola vaccine by the end of November for use in trials against an outbreak in Uganda, according to reports quoting its developers and company sources. The… Read More ›
The Japanese yen fell to a 32-year low against the US dollar after official data showed that prices in America rose faster than expected. The yen fell to 147.66 per dollar before recovering some ground. Shunichi Suzuki, Japan’s Finance Minister,… Read More ›
A draft document shows that European Union country leaders may support plans to launch a new gas price benchmark at a meeting next week in order to reduce energy prices for consumers and industries. The leaders will meet on October… Read More ›
The Biden administration intends to exempt SK Hynix and Samsung from the brunt of new Chinese memory chipmaker restrictions intended to thwart Beijing’s technological ambitions and obstruct its military advancements, according to reports quoting sources. According to the sources, requests… Read More ›
According to a private-sector business survey released on Saturday, China’s services activity shrank in September for the first time in four months as COVID-19 restrictions weakened the country’s already brittle demand and lowered investor confidence. The COVID containment measures disrupted… Read More ›
According to a report published by the news agency Reuters and based on information from three bank officials and two vault operators, gold-supplying banks have reduced shipments to India ahead of major festivals in favor of focusing on China, Turkey, and… Read More ›
Nike Inc cautioned that gross margins would remain under pressure throughout the year, joining peers in warning of a blow from increased discounts and a rapidly strengthening dollar. The company’s shares, which were already among the worst-performing Dow components this… Read More ›
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