After European Union antitrust inspectors visited Gucci’s Milan headquarters this week as part of an inquiry involving many nations and businesses, the region’s booming luxury goods market came under scrutiny this week. The European Commission announced on Tuesday that antitrust… Read More ›
The fact that Britain is the only significant advanced economy with double-digit inflation is an unfortunate sign of the tremendous economic problems the nation is currently experiencing. According to figures released on Wednesday, annual consumer price inflation (CPI) in Britain… Read More ›
By the middle of 2023, India’s population is predicted to reach 1.4286 billion, surpassing mainland China’s population forecast of 1.4257 billion. The data are now reflected in the Wednesday update to the UN’s World Population Dashboard. Since China’s population growth… Read More ›
A 43 billion euro ($47 billion) plan for the European Union’s semiconductor industry was approved on Tuesday in an effort to catch up to the United States and Asia and launch a “green” industrial revolution. The EU Chips Act, which… Read More ›
According to an organization representing the UK aviation sector, the cost of decarbonizing air travel will undoubtedly increase ticket costs and discourage some people from taking to the skies. According to Sustainable Aviation, actions like switching to more expensive sustainable… Read More ›
Despite rising global crude prices and requests from some nations for a lower price ceiling to limit Moscow’s income, the Group of Seven (G7) coalition will maintain a $60 per barrel price limitation on seaborne Russian oil, a coalition official… Read More ›
According to consumer electronics shop M.Video-Eldorado, Chinese smartphones accounted for more than 70% of the Russian market in the first quarter of 2023, up from about 50% the previous year. After Samsung and Apple both reduced sales in Russia due… Read More ›
According to Federal Reserve data published on Wednesday, the effects of the U.S. banking crisis are expected to cause the economy to enter a recession later this year. The demise of Silicon Valley Bank and other turmoil in the financial… Read More ›
Tim Adams, chief executive officer of the Institute of International Finance, claims that the upheaval in the banking industry that caused the failure of multiple lenders was not a systemic problem and has since eased. The collapse of Silicon Valley… Read More ›
In the first quarter of 2023, the world’s shipments of personal computers fell by about a third, with Apple Inc. suffering the biggest decline among the market leaders as the sector battles a post-pandemic slowdown in consumer spending. Market research… Read More ›
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