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India’s Economy Grows, But Falls Short of Expectations

India’s Economy Grows, But Falls Short of Expectations

40
Economy news
31.08.2022

India, the third-largest economy in Asia, saw its GDP grow by 13.5% in the April-June quarter from a year earlier. This marks the fastest pace of growth in a year and comes amid concerns of growth slowing due to increased interest rates.The increase...

Sanctions Not Having Expected Effect on Russia’s Economy

Sanctions Not Having Expected Effect on Russia’s Economy

51
Economy news
30.08.2022

When Western countries imposed a raft of sanctions on Russia earlier this year, after it invaded Ukraine, it was believed these punitive measures would have a devastating effect on the country’s economy.However, results have thus far been mixed. On o...

European Power Prices Soar as Energy Crisis Worsens

European Power Prices Soar as Energy Crisis Worsens

53
Commodities news
29.08.2022

Power prices in Europe are breaking records, solidifying the sense of crisis in the region, and spreading fears about possible power shortages as winter looms.Power prices in Germany, which usually represent the benchmark for the remainder of the con...

Solar Power on the Rise in Germany After Russia Throttles Gas

Solar Power on the Rise in Germany After Russia Throttles Gas

45
Economy news
23.08.2022

Germans affected by Europe’s gas crisis are scrambling to get solar panels installed in their homes and businesses.So far this year, Germany has seen a 22% jump in the installation of solar systems compared with the same period last year. These syste...

Eurozone Economy Sinks to 18-month Low

Eurozone Economy Sinks to 18-month Low

49
Commodities news
23.08.2022

Economic activity in Europe tumbled for a second consecutive month in August, as high inflation fueled by Russia’s war in Ukraine sours the outlook.The S&P Global Flash Eurozone Purchasing Managers Index (PMI) slumped to its lowest level in 18 mo...

Ford Slashing 3,000 Jobs as It Shifts to EVs

Ford Slashing 3,000 Jobs as It Shifts to EVs

57
Economy news
22.08.2022

US Carmaker Ford is cutting 3,000 corporate jobs as it prepares to shift from traditional internal combustion engine vehicles to electric vehicles (EV).Announcing the news, Ford CEO Jim Farley said, “Building this future requires changing and reshapi...

Europe Slides Towards Recession as ECB Considers Next Steps

Europe Slides Towards Recession as ECB Considers Next Steps

64
Economy news
21.08.2022

Europe’s economy is facing the strain of energy rationing, record inflation, and tighter monetary policy. With a round of purchasing managers’ indexes slated to arrive this week, analysts expect to see a contraction in private-sector output for a sec...

Target Profit Sinks as Inflation Bites

Target Profit Sinks as Inflation Bites

49
Economy news
17.08.2022

Major US retailer Target reported a significant profit decline of 90% in the second quarter, as inflation-hit consumers pulled back on spending on all but the most essential items. Target's quarterly net income fell to $183 million, down significantl...

China Cuts Rates as Economy Slows

China Cuts Rates as Economy Slows

58
Economy news
16.08.2022

China's central bank cut interest rates this week for the first time since January, as the economy lost steam due to renewed COVID-19 lockdowns and a brewing property crisis.The People's Bank of China reduced the main rate at which it lends to banks...

Investors Look to Green Energy Funds as Congress Passes Climate Bill

Investors Look to Green Energy Funds as Congress Passes Climate Bill

46
Economy news
15.08.2022

After receiving approval from the US Congress, American President Joe Biden is preparing to sign a bill allocating $369 billion for climate and energy funding into law.Investors have not been slow to climb the bandwagon and have already sunk $425.5 m...

US Job Growth Climbs, Calming Recession Fears

US Job Growth Climbs, Calming Recession Fears

45
FOREX news
10.08.2022

US companies added more than double the number of jobs forecast for July, revealing strong labor demand that tempered recession fears and suggested the Federal Reserve will continue to use steep interest rate hikes to combat out-of-control  infl...

Argentina’s New Economic Minister Faces Daunting Task

Argentina’s New Economic Minister Faces Daunting Task

72
FOREX news
04.08.2022

Argentina’s new Economy Minister Sergio Massa has pledged to stop printing money that helps fuel runaway inflation. With the country facing a deepening economic crisis, Massa became the third economic minister in a month.  He inherits t...

Robinhood Cuts Almost a Quarter of Its Workforce

Robinhood Cuts Almost a Quarter of Its Workforce

64
Cryptocurrency news
03.08.2022

Just a few months after laying off 9% of its staff members, once high-flying crypto firm Robinhood on Tuesday announced plans to cut another 23%. The latest cuts, which will affect almost 800 employees, continues the fall from grace of the online...

Asian Markets Tense Over Pelosi's Possible Taiwan Visit

Asian Markets Tense Over Pelosi's Possible Taiwan Visit

78
Stocks news
02.08.2022

Asian stock markets have been shaken by growing tensions between the US and China over US House of Representatives Speaker Nancy Pelosi’s anticipated visit to Taiwan. Markets across the region weakened on Tuesday amid expectations Pelosi wou...

Spain’s Inflation Highest in Nearly Four Decades

Spain’s Inflation Highest in Nearly Four Decades

50
Economy news
31.07.2022

Spanish consumer prices have shot up at the fastest pace since September 1984, as inflation in the EU continues to break new records. Inflation in Spain reached 10.8% year-on-year for July, a jump from its level of 10.2% in June. As with most coun...