The Brazilian retailer's Americanas SA Chief Executive Officer and Chief Financial Officer have resigned, as it has been discovered that there are accountancy inconsistencies in the company that amount to $3.88 billion.
Taiwan Semiconductor Manufacturing Company is decreasing its 2023 capital expenditure plans, despite a record fourth quarter of 2022. The company expects a decline in demand.
The Chamber of Commerce and Industries of Germany has revealed that 53% of companies from a total of 22,000 surveyed were reporting employee shortages.
Taiwan Semiconductor Manufacturing Company has posted its fourth quarter financial results. The company has beaten its profit expectations by 78%.
Consumer inflation data for China has revealed that inflation had accelerated its growth in December, as food prices were the main driver.
Reuters has reported that Rabobank intends to increase farm lending in Canada and reach a total market share of up to 15%.
In the aftermath of strong Christmas sales, the British retailer Tesco has revealed an increase in sales and expects its full year profits to reach near 2.5 GBP billion.
Reuters has reported that one of the top Apple suppliers BOE Technology Group would invest in the construction of two new factories in Vietnam.
The United States Bureau of Labour statistics has just now released the latest Consumer Price Index data. The data reveals how the US inflation has changed during the last month. The release consisted of month-on-month, year-on-year and core month-on-month inflation. All data numbers hit the forecasts.
The World Bank has announced that in 2023 the global economy could enter into a recession, as the organization slashed its growth forecasts.
The cryptocurrency exchange Coinbase Global has announced that it would fire 950 employees, which is about 20% of the company's workforce.
The G7 countries intend to set two price caps on Russian oil products. In February, price limits are planned to be set on products trading at premium and discounts, compared to crude oil.
Amazon has revealed plans to shut down three warehouses in the United Kingdom, which would impact 1,200 jobs. The workers are set to be offered chances to move to other units.
In the fourth quarter of 2022, BMW auto sales have reportedly recovered, as the company had solved supply chain issues.
In December passenger auto sales in China increased by 2.40%, as buyers rushed to take advantage of the soon to be cancelled electric vehicle subsidy.
Semafor has reported that the Microsoft Corporation intends to invest $10 billion in OpenAI, which is the owner of ChatGPT.
Reuters has reported that various United States banks have started preparations for a decline in profits and an upcoming recession.
The Canadian government has signed a deal with Lockheed Martin for the purchase of F-35 fighter jets. The deal amounts to 19 billion Canadian Dollars.
The electric vehicle maker Tesla has announced that it would decrease its prices in China and other Asian markets due to a decline in sales volume.
The UN food agency has revealed that due to an annual increase of 14.3% food prices in 2022 hit a high level not seen since 1990.
Samsung has revealed its quarterly results, which have revealed that the company's profits have reached an 8-year low level. The decline in profits has been attributed to a slump in demand.
A poll of Reuters economists has resulted in expectations that inflation in Tokyo is set to reach a new 40-year high level, as core inflation is expected to reach 3.8%.
Reuters has revealed that in 2022 UK equity funds had experienced an outflow of 8.38 billion GBP or $10 billion.
Nikkei has reported that the computer hardware producer Dell intends to phase out Chinese made chips by 2024.