Skyrocketing energy bills are threatening to shutter over 100,000 businesses in Italy, according to Carlo Sangalli, head of the Italian business association Confcommercio. In an interview with news outlet Corriere della Sera, Sangalli said, “Already […]
Due to the US economy’s momentum, it should prove possible to tame inflation without incurring significant job losses, according to President of the Atlanta Federal Reserve Raphael Bostic. In an interview with CBS’ face the […]
US financier Carl Icahn said in an interview this week that it was loose monetary policy that has produced record inflation in the United States, and it will not be easily rectified in the near […]
According to a report in Nikkei newspaper, Mazda Motor Corp has begun discussions to end production of its vehicles at a plant in the eastern Russian city of Vladivostok. After selling 30,000 cars in Russia […]
Alla Bakina, the head of the Russian central bank’s national payment system department announced that Russia’s SPFS interbank messaging system has grown faster this year than ever before. Bakina noted at a banking forum in […]
US Stocks plummeted on Friday ending a volatile week down after briefly dropping into bear territory again, as fears rose that aggressive central bank policy going forward could trigger a global recession. The S&P 500 […]
As energy prices in Europe skyrocket, and gas shortages abound, many European companies are finding they can no longer compete with competitors abroad. As a result, they are choosing to cut their own overhead, by […]
According to a new study by research group GfK, UK consumer confidence has collapsed to its lowest level since records began being kept in 1974, as deep concerns over inflation, costs of living, energy, and […]
Stocks were down at the close Thursday after a volatile session following the Federal Reserve’s announcement of a third consecutive 75 basis point hike to the benchmark fed funds rate. The S&P 500 was down […]
According to new data from Realtor.com, home prices are being lowered, homes are taking longer to sell than a year ago, and now home buyers have five houses from which to choose, compared to four […]
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