Personalized coffees, “prestige” skincare, and “elevated” sauces and spreads are just a few ways firms like Starbucks, Unilever, and Kraft Heinz are shifting their focus toward premium products – and consumers appear to be loving it. But why are firms… Read More ›
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 ›
Argentina’s central bank has hiked its key interest rate to 69.5% in an effort to rein in rising inflation. The bank raised its 28-day benchmark rate by 9.5% percentage points, the second increase in two weeks. It comes as new… Read More ›
China’s vehicle sales increased 29.7 per cent year on year in July to 2.42 million units, continuing a recovery that began in June thanks to reduced COVID limitations and government incentives. However, sales for the first seven months were still 2%… 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 ›
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 ›
Data reveal that Eurozone retail sales fell more than predicted in June as factory gate prices continued to climb, indicating a deterioration in consumer demand that could presage a recession in the second half of the year. Eurostat, the European… Read More ›
The US economy shrank for the second quarter in a row, a milestone that would be called an economic recession in many other countries. That is not the case in the United States, where the decision is made using additional… Read More ›
On Wednesday, gas flows via Nord Stream 1 plummeted to one-fifth of the pipeline’s capacity, causing Germany’s network authority to issue yet another plea to families and industry to conserve energy and prevent rationing. The drop in flows comes only… Read More ›
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