The Saudi Arabian signals that OPEC might reduce output helped oil prices end the day higher on Friday, but trading was choppy as investors processed and ultimately discounted the head of the U.S. Federal Reserve’s warnings about impending economic hardship…. Read More ›
In the week leading up to August 24, global equity funds saw the largest weekly capital outflow in five weeks due to worries that rate hikes would trigger a recession. Ahead of the annual Jackson Hole symposium of the Federal… Read More ›
Lawmakers in The United States are growing more worried about the potential effects of losing the high-stakes competition between the U.S. and China for leadership in artificial intelligence on national security, the economy, and American prosperity. However, there is also… Read More ›
According to a report in the Sankei newspaper on Wednesday, Honda Motor Co. Ltd. is thinking about creating a different supply chain to lessen its reliance on China. This would be a highly visible move by a significant Japanese manufacturer…. Read More ›
According to figures released by the Confederation of British Industry on Thursday, British retailers reported their strongest sales in August in nine months, defying predictions for a decline as the cost-of-living squeeze hits households. The CBI’s retail sales balance for… Read More ›
KLP, Norway’s largest pension provider, and the Climate Investment Fund will both make investments in Rajasthan, India’s 420-megawatt solar power project. For a 49 per cent stake in the Thar Surya 1 project, which is being built by the Italian company… Read More ›
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 ›
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