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 ›
Allianz SE is in talks with Chinese banks to establish a majority-owned asset management venture in the world’s second-largest economy, with the goal of tapping a $4.3 trillion market for wealth products, according to a Reuters report quoting two people… Read More ›
Ethereum appears to be undergoing a massive update. At long last. The “Merge,” which has been delayed for years, appears to be on track for September, with the blockchain’s encryption undergoing a fundamental shift to a system in which the… 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 ›
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