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The nominal base salaries of Japan have experienced largest growth since 1995. In May, salaries have increased by 2.50%. However, due to inflation real wages have decreased 1.2%.
Chinese authorities have ended the regulatory revamp of Ant Group. Reuters has reported that Ant is set to be fined 8 billion Yuan or $1.1 billion.
The Chief Financial Officer of the New Development Bank of the BRICS countries has commented that the country economic association does not intend to create its own currency.
Volkswagen has revealed that the company has been monitoring the recent semiconductor and rare metal dispute between China and United States. The company has announced that it would be ready to deal with supply issues.
The airline Norwegian Air has made a deal to acquire its domestic competitor Wideroe for a total of $106 million. The companies are set to operate independently, but with more collaboration and integration.
The Austrian bank Raiffeisen Bank International has once again delayed leaving the Russian market, as Austrian officials have increased their defence of the bank in the United States and Europe.
In the aftermath of the Federal Reserve bank stress test, the Bank of America has increased its dividend by 9.00%. The quarterly dividend per common share is being increased from 22 up to 24 cents per share.
In June, the ChatGPT website traffic had declined by 9.7%, which is the first decline since the launch of the AI chatbot in November.
Analysts surveyed by Refinitiv SmartEstimate have come to a consensus that Samsung Electronics quarterly profits are set to drop by 96%. The earnings are scheduled to be published on August 2.
Reuters has reported that PwC Australia provided confidential and leaked tax law information to Google. It was previously assumed that the documents were only leaked to other PwC employees.
Dear Dukascopy clients, note that the requirements for equity are bound to change during the weekend. Please, adjust your positions accordingly to avoid unexpected margin calls. Maximum available leverage for the weekends and other market closure days is set to 1:30 (1:60 for accounts with maximum leverage of 1:200). The purpose of this policy is to mitigate risks caused by potential
Environmental, social and governance equity funds have suffered major loss of investors during the second quarter of 2023. Funds have suffered due to regulatory and economic worries.
The JPMorgan Chase & Co bank has announced that there is a risk that due to high inflation the Bank of England would have to hike its official bank rate to 7.00% and cause a recession.
Bloomberg has published information that the number of super rich families in the rural parts of India is set to increase five-fold by 2030.
The Chief Executive Officer of Twitter Linda Yaccarino has revealed that the recently implemented tweet reading limit has not impacted advertising.
The Energy Minister of Saudi Arabia Prince Abdulaziz bin Salman has recently stated that the cooperation with Russia remains strong and the production cuts that have been done since November serve as a proof to the relationship.
In an effort to compete with Boeing, Airbus has increased testing of new radical wing technologies by opening a new facility in England.
In June, the Caixin services sector Purchasing Managers Index declined to 53.9 from 57.1 in May. The decline reveals a failure of the sector to recover in the aftermath of last year's COVID-19 restrictions.
German defence firms have expressed displeasure with the conclusion that half of the announced 100 billion Euro German army modernization funds are set to be earned by US companies.
Thatcham Research has announced that, due to lacking data about electric vehicle batteries, insurers continue to struggle with EVs, as minor accidents cause full scrapping of cars.
Reuters has revealed that the recent semiconductor production metal export restrictions were just a start to the response of the country in the chip dispute with the US.
The Virgin Group lawsuit against the train operator Brightline has impacted Virgin reputation. It has been revealed to the media that Virgin Atlantic applied for a bailout despite the Virgin Group being registered with a tax haven.
Chinese state banks have lowered US Dollar deposit rates for another time, as authorities have increased measures to stop the ongoing decline of the Chinese Yuan. Lower USD rates are expected to increase demand for Yuan, as the USD demand decreases.
Markit US Manufacturing Purchasing Managers Index for June has revealed that the decline in US industry continues. The index has declined to 46.0, compared with 46.9 in May.