Zimbabwe’s central bank will begin selling gold coins as a store of value this month in order to combat rampant inflation, which has significantly undermined the local currency. The central bank governor, John Mangudya, said in a statement on Monday… Read More ›
After a senior management at gas producer Gazprom announced a plan to broaden the payment arrangement, major Asian customers of Russian liquefied natural gas (LNG) claimed they had yet to receive requests to pay for supply in Russian roubles. The… Read More ›
The world’s seven major industrialized economies have proposed a price restriction on Russian oil in order to further constrain the Kremlin’s capacity to fund its offensive in Ukraine and to safeguard consumers from rising energy prices. However, the G-7′s pursuit… 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 ›
When administered as a booster, coronavirus vaccinations modified to incorporate the Omicron variant strain can improve protection, according to the European Medicines Agency and other worldwide health regulators on Friday. The European Medicines Agency (EMA) announced that global regulators have… Read More ›
To tackle rising pollution in the country’s streets, India banned single-use plastics on goods ranging from straws to cigarette packets on Friday. When the ban was announced, the government ignored the appeals of food, beverage, and consumer products industries to… Read More ›
A Federal Reserve indicator of economic growth suggests that the United States has entered a recession. Most Wall Street economists believe negative growth is more likely in the future, although it won’t happen until at least 2023. However, the Atlanta… Read More ›
Inflation in the eurozone reached a new high in June, just before of the European Central Bank’s first rate hike in 11 years. According to preliminary estimates released Friday by Europe’s statistics body Eurostat, headline inflation was 8.6 per cent… Read More ›
Fifteen Black former or current Tesla employees filed a complaint against the electric car company, citing racial discrimination and harassment at its plants. According to the lawsuit filed in a California state court, the workers said they were subjected to… Read More ›
After months of negotiations, US department store giant Kohl’s Corp called off its sale to Franchise Group on Friday, citing declining markets and challenging financial conditions. Kohl’s shares, which had already fallen 28 per cent since January, fell roughly 15… Read More ›
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