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.
The Eurostat CPI Flash Estimate Consumer Price Index has been revealed to be 9.20% year-on-year, compared to the forecast of 9.60%.
The stock price of Guardant Health has suffered a decline of nearly 40.00% due to the revelation in mid-December that the company's latest cancer treatment test showed disappointing results.
The Chief Executive Officer of Amazon Andy Jassy has revealed that the total layoffs at the company are set to reach above 18,000, which is 6.00% of the total workforce of the firm.
The top Apple supplier Foxconn has revealed that on a year-on-year basis its revenue had declined in December by 12.00%
The US Department of Justice has seized $465 million Robinhood shares that have been linked to Sam Bankman-Fried.
The US airline Southwest Airlines is being sued by its customers for failing to provide refunds to stranded passengers during an operation melt down of the airline during the holiday season.
Due to a slowdown in could service and Office suit growth, UBS has announced a downgrade of the Microsoft Corporation stock. The news caused a 5.40% sell off of the stock.
The US automaker General Motors has increased its sales in 2022 by 2.5%, by which the company has outsold the Toyota Motor Corporation.
The conglomerate Amazon has revealed that the company has secured a $8 billion loan with a maturity in 364 days.