The upcoming British Prime Minister Liz Truss wants to allocate up to 130 billion pounds in the coming year and a half to protect households from significantly higher energy bills. The Bloomberg news agency documents say she wants to block a previously announced price hike for electricity and gas and […]
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Wall Street Remains Closed for Labor Day
Stock exchanges in New York will remain closed on Monday for Labor Day. Workers’ Day is always celebrated in the United States after the first weekend in September. Trading will resume on Wall Street on Tuesday. US President Joe Biden is taking a holiday to visit unions in Pennsylvania and […]
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Apple Wants to Unveil New iPhones on September 7
Tech company Apple is expected to unveil its new iPhone 14 line on September 7. The maker of the popular smartphones traditionally does this with a special event. Apple is very dependent on iPhones. The devices typically account for half of the company’s revenue. In addition to the iPhones, a […]
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Major Consumer Brands in Supermarkets Benefit from High Inflation
The large sellers of consumer products Danone and Reckitt Benckiser (RB) are counting on better sales this year due to the sharp rise in inflation. Indeed, the overall tenor of price increases makes it possible for companies to increase the prices of their products. Danone, the company behind Activia […]
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Ford has Enough Batteries for 600,000 Electric Cars Per Year
Ford Motor has secured the supply of enough batteries to produce 600,000 electric vehicles per year from next year. The American automaker announced this in a statement on Thursday. The production target for the coming years is a huge step forward, as Ford only sold 27,140 plug-in vehicles in […]
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Pork Price Rises Sharply: Chinese Government Wants to Draw on National Reserves
China is considering drawing on its strategic pork reserves to stabilize prices and curb speculation. The economic planning agency announced this on Tuesday. Pork is on the menu of many Chinese every day. It is the most consumed type of meat there. But prices have risen sharply, by more […]
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Recession Fears Lead to Losses in Asian Markets
Stock markets in Asia and Australia fell on Wednesday. Fears of a recession and high inflation resurfaced among investors. New consumer confidence releases in Japan and South Korea did little good for sentiment. The South Korean central bank said consumer confidence fell sharply in June. Households in Asian countries […]
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Total Value of Crypto Coins Again Around 1000 Billion Dollars
The total value of all crypto coins together fluctuates around 1000 billion dollars. That is the first time in about ten days. Bitcoin was worth more than $21,000 on Monday morning. Earlier this month, the main digital currency was worth less than $18,000. Cryptocurrencies have suffered significant losses this […]
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UK Consumer Confidence Dips to All-Time Low
Consumer confidence in the UK has fallen to an all-time low this month. British consumer confidence is under pressure mainly due to the sharp rise in energy and food prices, including the war in Ukraine. The nationwide strikes, including those at the railways, also weighed on consumer sentiment. According […]
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Chinese Stocks Soar After President Xi Jinping’s Remarks
Chinese stock markets gained ground on Thursday. Investors reacted to comments from Chinese President Xi Jinping. According to the Chinese state news agency Xinhua, Xi stated in a speech that China will meet its economic target for this year and limit the impact of the corona outbreaks. Beijing aims […]