A contentious stablecoin issued shortly before the demise of a similar cryptocurrency named terraUSD is battling to keep its peg to the US dollar. USDD, a “algorithmic” stablecoin that is supposed to always be worth $1, fell to as low… Read More ›
Sustainability
McDonald’s Streamlines Franchise Policies In Order To Attract More Diverse Candidates
McDonald’s is changing how franchises are awarded in order to attract more diverse candidates, the latest adjustment in how the burger chain’s management controls its franchisees. Beginning in 2023, the fast-food behemoth will consider each potential new operator on an… Read More ›
Germany Close To Imposing Gas Rationing
Following a decline in Russian supply, Germany has moved one step closer to gas rationing. According to Germany’s economy ministry, the government has activated the “alert” level of its emergency gas plan to deal with shortages. It is the latest… Read More ›
Putin Claims That Russia Is Redirecting Trade To China And India
As the West strives to cut economic connections, Russian President Vladimir Putin said Wednesday that Russia is rerouting commerce to “trusted international partners” such as Brazil, India, China, and South Africa. “We are actively engaged in reorienting our trade flows… Read More ›
Toyota Recalls Its First Mass-Produced Evs Less Than Two Months After Its Launch
Toyota Motor Corp announced on Thursday that it would recall 2,700 of its first mass-produced electric cars (EVs) due to a risk of wheels coming free. The world’s largest manufacturer by sales notified Japan’s transportation ministry of the recall of… Read More ›
UK Inflation Now At Hits 40-Year High And Highest Among G7 Countries
Food price increases boosted British consumer price inflation to a 40-year high of 9.1 per cent last month, the highest rate among the Group of Seven countries and highlighting the severity of the country’s cost-of-living crisis. The reading increased from… Read More ›
Europe Could Return To Using Coal As Russia Significantly Reduces Gas Supply
Europe’s largest Russian gas purchasers were scrambling to find other fuel supplies and even considering burning additional coal to compensate for lower gas flows from Russia on Monday, which threatened an energy crisis in winter if reserves were not replenished…. Read More ›
Workers Of Apple Store In US To Form A Trade Union, The First For The iPhone Maker In US
Employees at an Apple store in Maryland chose to unionise, establishing the tech giant’s first retail union in the United States. The Towson store employees voted 65-33 in favour of the initiative, with approximately a dozen abstentions. After the results… Read More ›
China’s Xi Predicts Commerce With Russia Will Break Records In The Coming Months
Despite Western sanctions on Russia for its invasion of Ukraine, Chinese President Xi Jinping has reiterated his country’s determination to trade with Russia. “Today our cooperation between Russia and China [is] rising,” Xi said, according to an official English translation… Read More ›
Bank Of England Hikes UK Interest Rates To 1.25%
Interest rates in the United Kingdom have climbed further as the Bank of England works to slow the rate of price rises. Rates have risen from 1 per cent to 1.25 per cent for the fifth time in a row, reaching… Read More ›
manageria.biz 