A new Bloomberg report reveals Apple has dropped plans to increase production of its new iPhones, as demand failed to materialize. The company has requested that suppliers cease all efforts to increase assembly of the […]
US stocks rallied Wednesday and Treasury yields retreated as investors were buoyed by a surprise decision by the Bank of England. The S&P 500 rose nearly 2% as the Dow Jones Industrial Average was up […]
UK banks have begun withdrawing mortgage products due to rapidly rising interest rates, and that has triggered a steady decline in home sales. According to data compiled by Moneyfacts Group, there was a 9% drop […]
Germany’s food producers are warning that rising energy prices may soon force them to shut their doors. The German Frozen Food Institute and the Association of German Cold Storage and Logistics Companies recently released an […]
As the global economy hurtles to a recession, experts are noting India is unusually well positioned to avoid being plunged into similar economic straits, due to the nations’ decoupling from the broader global economy, according […]
Two US regulators announced on Tuesday that financial institutions, including Goldman Sachs, Bank of America, and Morgan Stanley, were hit with $1.8 billion in penalties over incidences of their staff using personal devices to discuss […]
After being slapped with a racial discrimination lawsuit, Tesla is now countersuing the California Civil Rights Department – a state agency charged with enforcing local civil rights laws – which brought the suit over allegations […]
After hitting eight month lows last week due to fears of rising interest rates triggering a global recession, oil prices regained some of their losses Monday. As the markets adjusted to the Fed’s latest policy […]
In September the Eurozone’s economic downturn deepened, as the bloc endured a third consecutive month of contracting business activity, according to a new survey by S&P Global showed. The report found that skyrocketing energy costs […]
UK authorities are soliciting offers from US LNG exporters for long-term contracts lasting as long as 20 years, as they seek to secure supplies for domestic buyers in Britain, according to a new report from […]
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