The China Index Academy survey has revealed that home prices in China continued to decline in December, which marks a sixth consecutive month of price decreases.
The Chinese electric car producer BYD has announced that it would increase its prices. The price increase has been done due to a decrease of government subsidies.
In December, manufacturing in Spain continued to decline, despite an improvement compared to November. The S&P PMI index was at 46.4 in December, compared to 45.7 in November.
The official Chinese Purchasing Managers Index has further declined, as the newest reading was at 47.0, which is down from 48.0 in Novembers.
On the first day of trading of 2023, European stock indices surged. The surge was mostly attributed to a rise in energy stock prices.
Chinese state planners have revealed that for the Chinese economy to continue to grow arduous efforts would be required, due to the slowdown of the global economy.
Ford has increased the base price of its F-150 electric truck to nearly $56,000. The price was increased by 9.00%, compared to the previous one.
Saudi Arabian Aramco and TotalEnergies have combined forces to construct a $11 billion factory in Saudi Arabia.
The Chinese electric carmaker BYD has announced that in 2023 it would launch a new electric vehicle brand.
Since the start of the war in Ukraine, the German energy bailout and subsidy scheme costs have reached a total of 440 billion Euros or $465 billion.
Citibank intends to decrease its consumer banking business in China by approximately 1,200 local employees.
Due to European Union laws, Microsoft is set to offer its cloud customers to store data on servers located in the EU, starting from January 1.
Boeing, Raytheon, Textron, IM Systems Group and Lockheed Martin have met with Vietnamese officials to discuss the potential sale of various military equipment. Vietnam intends to reduce its dependency on Russian arms imports.
The Chief Executive Officer of Grab has revealed in a memo that the company would implement cost cuts like salary freezes, stopping hiring and decreases of expense and travel budgets.
Citi, BNP, JPMorgan, Barclays and Lloyds Banking Group have invested $24 million in the risk management provider firm Acin to increase their own expertise.
In November, the Chinese retail sales and factory output had slowed down as both missed monthly growth forecasts.
A group of HSBC retail stock holders have been seeking support to have a vote in the bank's annual meeting for the restoration of pre-covid dividends and an asset spinoff.
The United States have charged eight social media influencers with securities fraud. The influencers had organized pump and dump schemes.
The German authorities have approved a 10 billion Euro F-35 fighter jet acquisition from the US defence company Lockheed Martin.
Local authorities have revealed that Tesla intends to expand its Berlin gigafactory, as it plans drilling for additional water sources.
Californian exploration firm KoBold Metals is set to invest $150 million in the development of copper mining in Zambia.
The tech giant Microsoft Corporation has announced that it aims to provide internet access to 100 million people in Africa by 2025.
The creation of the new high tech and US government backed nuclear energy plant in Wyoming has been delayed.
The DIW research institute has revealed that Germany is dependent on a total of 30 raw materials. 14 of the 30 materials are 100% imported.