According to third-party research firms, China’s smartphone sales fell 13% to their lowest level in a decade in 2022 as COVID controls and a slowing economy sapped consumer appetite. In total, 286 million devices were shipped, down from 329 million… Read More ›
There has been some forward movement in controlling continued high inflation in the United States as is being viewed by policymakers at the Federal Reserve which has virtually sealed their strategy of hiking interest rates by a quarter percentage point next… Read More ›
According to a statement from the apparel and fast fashion giant H&M, rising expenses had reduced its profits, making it the latest fast-fashion brand to be impacted by high inflation which has forced consumers to cut back on spending. At the same time, LVMH and… Read More ›
Continued weakness in exports even as the global economic outlook continued to worsen resulted in Japan’s manufacturing activity contracting in January – which was the third straight month of contraction, revealed a corporate survey on Tuesday. The au Jibun Bank… Read More ›
Inflation-pinched Official data showed on Friday that British consumers cut their Christmas shopping by the most in at least 25 years, dashing hopes for a Christmas boost for the country’s flagging retail sector. Sales volumes were down 5.8% compared to… Read More ›
JLR forecasted free cash flow for the third quarter of more than 400 million pounds ($485 million) on Monday, after reporting a 15% increase in wholesale volumes for the period due to strong demand and improved chip supply. In its… Read More ›
A prominent government scientist from China said on Saturday that the probability of a large Covid-19 uptick in China within the next two or three months is distant because 80% of individuals in the country have already been infected by the virus. The… Read More ›
In a surprise launch weeks ahead of schedule, Apple Inc. unveiled MacBooks powered by its new and faster M2 Pro and M2 Max chips on Tuesday. The use of Apple’s latest versions of the M2 chip, which debuted last year,… Read More ›
According to a survey conducted by trade union IPSO, European Central Bank employees are losing faith in the institution’s leadership as a result of the ECB’s failure to control inflation and a pay raise that lagged the rise in prices…. Read More ›
Netflix Inc is expected to report its slowest quarterly revenue growth on Thursday as its ad-supported plan struggles to attract customers in a crowded U.S. market, putting pressure on the company to reduce content spending this year. The streaming pioneer… Read More ›
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