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 ›
A key unit of Toyota Motor Corp faked emissions data on some engines dating back to at least 2003, more than a decade earlier than previously reported, according to a company-commissioned investigation released on Tuesday. In a rare criticism of… Read More ›
Bitcoin briefly surpassed $24,000 on Friday, recording its highest monthly performance in nine months as risk assets continued to rise. According to CoinDesk data, the world’s largest digital currency touched a six-week high of $24,412 early Friday, its highest level… 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 ›
After reporting better-than-expected quarterly results on Tuesday, Mondelez International Inc upped its sales projection for the whole year, as higher product pricing failed to dampen demand for the Oreo maker’s snacks and chocolates. Packaged food manufacturers have steadily boosted prices… Read More ›
Due to a deteriorating recession in China’s housing sector, Goldman Sachs has reduced its prediction for the MSCI China index. According to a study published late Thursday, the investment bank reduced its earnings forecast for the index to zero growth… Read More ›
Russia’s Foreign Minister, Sergei Lavrov, who is on a diplomatic assault in Egypt, has denied that Moscow is to blame for the global food crisis. He claimed that Western governments were distorting the reality about the effect of sanctions on… Read More ›
British retail sales fell in June as drivers cut back on record-high gasoline prices, with consumers spending less than predicted, according to figures, albeit the trend remained modest as households struggled with increasing inflation. The Office for National Statistics reported… Read More ›
Since the start of the Covid epidemic, cyber-attacks on one of the world’s busiest ports have nearly doubled. The number of monthly attacks on the Port of Los Angeles has risen to roughly 40 million, according to the port’s executive… Read More ›
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