Tesla shares fell to a new 52-week low on Tuesday, closing around $138 per share, or 8% lower for the day, in an otherwise mixed day for stocks. CEO Elon Musk attempted to blame the falling price on macroeconomic factors…. Read More ›
Sustainability
Bank Of Japan Surprises The World’s Markets By Shifting Bond Yields
A sell-off in bonds and stocks occurred around the world overnight as a result of the Bank of Japan unexpectedly expanding its target range for 10-year Japanese government bond yields. In an effort to mitigate the effects of prolonged monetary… Read More ›
2023 Coal Use Set To Touch New Record, Predicts IEA
According to a report from the International Energy Agency, global coal consumption is on track to rise by 1.2% and reach a record high this year. The Russian invasion of Ukraine in February 2022, according to the International Energy Agency… Read More ›
Covid Forces Down Chinese Business Confidence To Nearly A Decade Low
According to a survey released on Monday by World Economics, China’s business confidence has dropped to its lowest level since January 2013. This decline is due to the abrupt lifting of many pandemic control measures as well as the impact… Read More ›
Air India’s Jumbo Jet Order Has 190 Boeing MAXs And 30 787s: Reports
According to industry sources, Air India is close to a deal to order more than 200 Boeing jets, including 190 narrowbody 737 MAX and 30 widebody 787s, as part of a historic fleet shake-up roughly split with Boeing’s European rival… Read More ›
As Interest Rates Touch 14-Year Record, UK’s Neobanks Rival To Entice UK Savers With Attractive Yields
After the Bank of England raised its benchmark interest rate for the ninth time in a year, online banks in the United Kingdom are racing to increase the yields on their savings accounts in order to entice cash-strapped savers. Following… Read More ›
Lowering Of Commodity Prices Steadies Japan’s Wholesale Inflation At 9.3%
Japan’s November wholesale prices rose 9.3% year on year, according to data released on Monday, a rate of increase that was nearly unchanged from the previous month and suggested an inflation peak amid easing global commodity prices. It was the… Read More ›
Chinese Consumers Are Hesitant To Spend Money After Beijing Relaxes COVID Regulations
The easing of stringent “zero-COVID” measures has been welcomed by China’s weary public and businesses, but Jorry Fan, who lives in the eastern city of Suzhou, said it has prompted her to cancel any plans to dine out for several… Read More ›
US SEC Has Issued New Guidance Needing Firms To Report Cryptocurrency Risks
The United States Securities and Exchange Commission issued new guidance on Thursday requiring companies that issue securities to disclose to investors their exposure and risk to the cryptocurrency market. The forecast comes less than a month after FTX, one of… Read More ›
IEA Expects Electricity From Renewables To Be More Than Coal And Be The Main Electricity Source Globally By 2025
According to the International Energy Agency (IEA), energy produced from renewable sources will overtake energy prepared from coal and will become the world’s largest source of electricity generation by the middle of this decade. The International Energy Agency’s Renewables 2022… Read More ›
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