News

Note: This section contains information in English only.
Wed, 13 Sep 2023 14:00:04 GMT

US inflation is above expected

The US monthly release of Consumer Price Index has revealed that inflation in the US has inched up to 3.7% instead of the expected 3.6%. However, this is another increas,e compared to 3.3% in August and 3.1% in July.

Wed, 13 Sep 2023 12:16:14 GMT

EU investigates Chinese EVs

The European Union has started to investigate the imports of Chinese electric vehicles for the possible need of implementation of tariffs.

Wed, 13 Sep 2023 12:11:05 GMT

iPhone 15 receives mixed reactions

The release of the new iPhone 15 has received a mixed reaction across the world, as even Chinese consumers prefer Huawei.

Mon, 11 Sep 2023 14:30:04 GMT

Goldman Sachs plans job cuts

The Financial Times has reported that Goldman Sachs intends to fire employees that the bank considers underperformers.

Mon, 11 Sep 2023 12:30:04 GMT

Bank of Canada comments on rates

The Governor of Bank of Canada Tiff Macklem has stated that interest rates might not be high enough to decrease inflation. The central bank has recently kept its base rate at 5.00%.

Mon, 11 Sep 2023 10:30:04 GMT

Researchers find spyware in Apple devices

The Citizen Lab group has recently revealed that they have found Israeli firm's NSO spyware on Apple devices.

Mon, 11 Sep 2023 08:30:05 GMT

Walmart changes pay structure

Walmart stores have announced that the company would adjust its entry-level employee pay structure. In general, entry level workers are set to have their wages reduced.

Mon, 11 Sep 2023 06:30:04 GMT

Strikes start at Chevron Australian facilities

Starting from Friday, Australian liquefied natural gas project employees of Chevron went on strike, as talks broke down. The strike affects 5% of global supply.

Fri, 08 Sep 2023 14:30:04 GMT

China increases iPhone restrictions

The Chinese government has increased its curbs on use of IPhone by government employees. Namely, employees have been forbidden to use phones at work.

Fri, 08 Sep 2023 11:30:04 GMT

Stellantis comments on combustion engines

The carmaker Stellantis has announced that the company expects internal combustion engine vehicles to remain in use until at least 2050.

Fri, 08 Sep 2023 08:10:00 GMT

US jobless claims hit low level

This week, the US weekly jobless claims had reached a low level not seen since February. Moreover, it has been announced that productivity had reached a high level not seen for years.

Thu, 07 Sep 2023 14:30:03 GMT

Tesla reaches new record in Shanghai

The Tesla factory in Shanghai has hit a new record, as it has produced a total of 2 million cars.

Thu, 07 Sep 2023 12:30:04 GMT

Oil prices reach record high

This week, crude oil prices surged due to the output cuts done by Saudi Arabia and Russia. The surge resulted in oil price benchmarks reaching high levels not seen since November.

Thu, 07 Sep 2023 10:30:04 GMT

Google settles Play Store lawsuit

Alphabet's Google has reached a tentative settlement in the US lawsuit, which claimed that the US Play Store violated US antitrust legislation.

Thu, 07 Sep 2023 08:30:04 GMT

TSMC prepares to invest in ARM

The Taiwan Semiconductor Manufacturing Company has revealed that it would decide this week whether to invest in the chip designers Arm Holdings initial public offering.

Thu, 07 Sep 2023 06:30:04 GMT

US orders major air bag recall

United States auto safety regulators have ordered a recall of 52 million ARC Automotive and Delphi Automotive air bag inflators. The recall has been made due to possible ruptures that can send metal fragments flying.

Wed, 06 Sep 2023 14:30:03 GMT

China develops new chip

A teardown of the Huawei Mate 60 Pro phone done by TechInsights has revealed that the Chinese chipmaker SMIC has created a new advanced processor.

Wed, 06 Sep 2023 14:02:07 GMT

ISM releases US Services PMI

The Institute for Supply Management has just released the United States Services sector Purchasing Managers Index survey results. The market consensus forecast was an index of 52.5 that would show an expansion of the sector. The actual survey result has been revealed to be 54.5. The news caused a surge of the US Dollar due to being better than expected.

Wed, 06 Sep 2023 11:30:05 GMT

US banks hold cash reserves

Moody's rating agency has revealed information that US banks are holding nearly $3.3 trillion in cash reserves for a potential slowdown of the global economy.

Wed, 06 Sep 2023 09:30:03 GMT

Arm aims at $52 billion valuation

SoftBank Group's Arm has revealed that it aims at an initial public offering value of $52 billion.

Wed, 06 Sep 2023 08:30:04 GMT

China subsidizes chip industry

Reuters has revealed that the Chinese government is set out to create a new $40 billion fund that would be aimed at boosting the semiconductor industry.

Wed, 06 Sep 2023 06:30:04 GMT

Goldman Sachs reduces US recession expectations

This week, Goldman Sachs reduced its expectations for a recession in the United States in 2024 from 20% down to 15%.

Tue, 05 Sep 2023 14:30:04 GMT

Chevron begins strike talks

The US energy company Chevron has started talks with its LNG facilities in Australia to avert a potential worker strike.

Tue, 05 Sep 2023 12:30:04 GMT

US Commerce Secretary warns China

The United States Commerce Secretary Gina Raimondo has recently stated that China should create a fair and predictable playing field for US businesses so that stable commercial relationships could be created.

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