China posted July data that fell far short of expectations, as the real estate crisis and Covid regulations pulled down growth. The National Bureau of Statistics reported Monday that retail sales increased by 2.7 per cent year on year in… Read More ›
Growth in exports of the garment industry of Bangladesh could slow to about 15% this year following an unusually robust increase of more than 30 per cent in 2021, as U.S. and European consumers face cost-of-living challenges, according to a report by Reuters…. Read More ›
The United States Senate has adopted a $700 billion (£577 billion) economic package that includes big legislation on healthcare, taxes, and climate change. The measure aims to reduce the cost of certain medications, raise corporate taxes, and limit carbon emissions…. Read More ›
SoftBank has confirmed that it has sold its remaining share in Uber, the ride-hailing behemoth based in the United States, as the Japanese conglomerate seeks to raise funds amid rising losses at its investment subsidiary. SoftBank’s Vision Fund, its technological… Read More ›
Russia has barred investors from so-called hostile nations from selling shares in important energy projects and banks until the end of the year, increasing pressure on the West in the sanctions standoff. Since Russia’s incursion into Ukraine in late February,… Read More ›
Beyond Meat Inc reported a lower revenue prediction for the year and job losses as growing inflation hampered the company’s efforts to make its more expensive plant-based meat more affordable to consumers. Higher plant-based meat prices have hampered the category’s… Read More ›
Bitcoin briefly surpassed $24,000 on Friday, recording its highest monthly performance in nine months as risk assets continued to rise. According to CoinDesk data, the world’s largest digital currency touched a six-week high of $24,412 early Friday, its highest level… Read More ›
According to official numbers released on Friday, nearly half of British citizens have reduced their food purchases as costs rise, while others have had to increase their spending on groceries. British consumer price inflation hit a 40-year high of 9.1… Read More ›
The United Kingdom’s competition watchdog launched a probe into Microsoft’s proposed acquisition of video game maker Activision Blizzard on Wednesday. It is one of the first significant antitrust investigations into the $68.7 billion acquisition, which was announced in January. The… Read More ›
Another prominent Chinese developer has gone bankrupt, adding to the woes of the world’s second largest economy’s real estate sector. According to a company filing with the Hong Kong stock exchange, Shanghai-based Shimao Group failed to pay the interest and… Read More ›
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