Daily life in the eurozone has become 8.5 percent more expensive in January, the European statistics office Eurostat reports based on provisional figures. As a result, the rate at which consumer prices rise in the euro area has slowed further compared to previous months. However, in December, inflation was still […]
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Toyota Rises on Japanese Stock Market After Production Increase
Toyota was one of the strongest risers on the Tokyo stock exchange on Tuesday. Investors welcomed the news that the Japanese car manufacturer wants to build significantly more cars this year than last year. Toyota thinks it can put the problems with the supply of parts due to corona lockdowns […]
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British Employers: Admit More Skilled Migrant Workers
More skilled migrant workers must be admitted to the UK to tackle the country’s economic problems. That is the opinion of the Confederation of British Industry (CBI), the largest employers’ organization in the United Kingdom, which is increasing the pressure on Prime Minister Rishi Sunak. “We have an immigration system […]
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Grain Deal Black Sea is Extended
The agreement on the export of Ukrainian grain is extended. A Turkish official who wished to remain anonymous confirmed this to the French news agency AFP on Thursday. However, the deal basically expired Friday night. The official said that the agreement will be extended “under the same conditions” that have […]
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Nintendo Falls on Lower Japanese Stock Market, China Stock Markets Also Fall
Nintendo was among the biggest decliners on the Tokyo stock exchange on Wednesday. The Japanese game console manufacturer raised its profit forecast for the entire fiscal year but expected to sell fewer Switch game consoles. This is partly due to production problems with the popular console due to shortages of […]
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Grain Price Increases Due to Russia Blowing Up Grain Deal
Prices for grain on the so-called futures market rose sharply on Monday. The increase is mainly caused by Russia’s decision no longer to allow grain exports from Ukraine via the Black Sea. This agreement, signed in July, was seen as crucial in solving the world’s tight supplies and keeping the […]
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CEO JPMorgan Chase: Geopolitical Unrest is the Biggest Concern
The geopolitical tensions in the world surrounding the war in Ukraine and the deteriorating relationship between the West and China are of greater concern to the global economy than a recession. That said, Jamie Dimon, CEO of major US bank JPMorgan Chase at an economic forum in Saudi Arabia. “The […]
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Facebook Parent Company Must Sell Giphy From British Regulator
The American multinational Meta, the parent company of Facebook and Instagram, will then have to sell the GIF website Giphy. The Competition and Markets Authority (CMA), the British market regulator, has decided this. Meta appealed the decision, but that has now failed. Meta acquired Giphy in May 2020 in exchange […]
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Gas Price to Lowest Level in Three Months Due to Mild Weather
The European gas price is at its lowest in over three months. The price is going down, among other things, because large quantities of liquefied natural gas (LNG) are currently reaching Europe. These are the highest numbers around this time of year since 2016. Continued mild autumn weather is also […]
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More New US Jobs Than Expected, Unemployment Falling
Last month, 263,000 jobs were added in the United States. The US Department of Labor reports this in its monthly jobs report. There were more than in August, and unemployment also fell further. The jobs report suggests that the US economy is still strong, despite previous steps to curb high […]