Reuters has reported that companies that previously paused their operations in Russia had decided to start selling their businesses in the country.
Annual core inflation in Japan in May has reached 2.10%, which is above the central bank's 2.00% target.
In May, United States homebuilding reached a 13-month-low level, as housing starts dropped by 14.4%, which is the lowers level since April of 2021.
In its monthly bulletin, the Reserve Bank of India revealed that the economy of India had been improving, despite global risks.
The Head Executive of Commercial Airplanes unit of Boeing has stated that the demand for wide body jets and freighters has been observed to be recovering.
As the company goes electric, Ferrari has revealed that the company would launch new 15 car models during the period of 2023-2026.
Walmart has announced that the company would increase the wages of its pharmacy workers above the $20.00 mark per hour.
A regulator meeting in Luxembourg has resulted in Euro Zone Finance Ministers urging governments to stick to fiscal discipline, which would help the European Central Bank fight a new debt crisis.
US cosmetics firm Revlon has revealed that it has filed for bankruptcy, as it has failed to compete with online competition.
For the first time in two years, the US Philadelphia Federal Reserve Manufacturing Index has gone negative, as it has shown a reading of -3.3.
The World Trade Organization has agreed upon a new trade deal, which would boost the supply of Covid-19 vaccines.
On Thursday, Toyota announced that the company would stop additional production in Japan in June and July.
The Bank of Japan has announced that it would keep its easy monetary policy intact, despite other central banks tightening their policies.
As the Bank of England hiked its base interest rate from 1.00% up to 1.25%, the central bank commented that it expects inflation to reach above 11.00%.
This week, the Swiss National Bank unexpectedly hiked its base interest rate from -0.75% up to -0.25%. The event caused a major surge of the Swiss Franc.
Kroger has announced that the company is raising its 2022 profit forecasts. Meanwhile, other retailers have reported weak earnings and decreased their forecasts.
This week, Tesla announced that the company would increase its prices in the United States, as the company has been hit by inflation.
In May, the process for imports into the United States increased by 0.6%. The prices have increased their surge after growing by 0.4% in April.
Despite the record high inflation in the US, which bolsters retail sales, if measured in US Dollars, in May US retail sales declined by 0.3%, compared to April.
This week, the US President Joe Biden sent a demand to oil refiners asking for an explanation to the lack of fuel in the US market.
The US Federal Reserve has hiked its base interest rate from 1.00% up to 1.75%, instead of the expected rate hike up to 1.50%.
This week, Coinbase announced that the crypto exchange would reduce its staff by 1,100, as the cryptocurrency market has been plummeting.
On Wednesday, the European Central Bank issued a statement after an emergency meeting. In general, the bank announced that it would develop a new mechanism for bond reinvestments and develop a new system for monetary control.
This week, OPEC stated that the oil producers expect global oil demand to decline in 2023.