According to a senior executive, Samsung Electronics is aiming to increase repeat purchases from its 175 million Indian customers through a new cashback credit card in an effort to increase sales in the crucial market where it was once the… Read More ›
Due to fluctuating exchange rates and rising input costs, Japan’s McDonald’s fast food restaurants will increase prices on about 60% of their menu items, the company announced on Monday. It is the company’s second round of price increases this year… Read More ›
According to Steve Hanke, a professor of applied economics at Johns Hopkins University, there is an 80 per cent chance that the United States will experience a recession, which is significantly higher than previously anticipated. According to the September Fed… Read More ›
The Bank of England warned the UK may already be in a recession as interest rates increased from 1.75 per cent to 2.25 per cent, the highest level in 14 years. Previously, the central bank anticipated that the economy would… Read More ›
According to William Walsh, the director-general of the International Air Transport Association, the cost of airline tickets may increase due to a lack of refining capacity and the airlines’ financial situation (IATA). According to Walsh, the airline industry is “concerned”… Read More ›
After a dispute with Russia, Europe may have trouble obtaining oil and gas this winter. However, a new market crisis—a liquidity crunch—could make things worse by driving up prices even further. But in an effort to relieve pressure on a… Read More ›
On Wednesday, Germany confirmed the nationalization of struggling gas importer Uniper at a cost of 8 billion euros ($7.9 billion), as it scrambled to secure power for Europe’s largest economy after Russia cut supplies. Nationalizing Germany’s largest importer of Russian… Read More ›
Since the Ethereum network, the technology that underpins ether and other cryptocurrencies, underwent a significant upgrade known as the merge, ether has declined more than bitcoin. Blockchain technology called Ethereum makes it possible for programmers to create apps on top… Read More ›
The Chinese start-up revealed that it was testing a function called City NGP, short for navigation guided pilot. According to Xpeng, City NGP will enable the car to carry out a “full range of driving tasks,” such as maintaining a… Read More ›
The German government has temporarily taken control of two subsidiaries of Russia’s energy behemoth Rosneft. The government’s action places it in charge of Rosneft’s stakes in three refineries in the country. This includes a key facility in the country’s northeast… Read More ›
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