Reuters is reporting Wayfair will cut 870 jobs, among them approximately 400 in Boston, as part of a 5% cut of its global workforce. Niraj Shah, Wayfair CEO and co-founder, said in a memo, “We […]
According to S&P Global data, for the first time in a year and a half, France’s economic output is declining, following in the steps of Germany. S&P Global tracked a gauge of French private sector […]
According to new data from the Chinese customs service, Russia continues to be the top supplier of crude oil to China in July. Imports of Russian crude arrived at a rate of 1.68 million barrels […]
Coffee prices are set to rise around the world, due to a poor coffee crop yield in Brazil, one of the world’s largest producers. Last year, coffee futures surged almost 90% due to drought and […]
According to Ofcom, an industry watchdog, almost 600,000 British households have cancelled Amazon Prime subscriptions due to a combination of inflation forcing them to tighten their belts, and a forthcoming price hike by the company. […]
China’s real estate crisis took one more step toward the abyss this week, as new numbers showed property investment dropping, new construction slowing to a crawl, and foreign analysts showed the cash flows of property […]
Last month, China bought more than 80 tons of gold from Switzerland, according to a report from Bloomberg which cited Swiss customs data. According to the report, that is double the total from June, and […]
Russian state energy company Gazprom has announced that gas flows through the Nord Stream pipeline to the EU will be halted for three days from August 31st to September 2nd for necessary maintenance. The company […]
British consumer confidence hit record lows in August due to inflation driving the cost of living to unprecedented highs. The official measure of consumer confidence dropped to minus 44 in August, from July’s minus 41 […]
Data from the Office for National Statistics (ONS) showed that in the UK consumer prices rose 10.1% in July year over year, beating the bank’s prediction of a 9.9% increase. This has traders in financial […]
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