This week, at the ECB Forum the heads of the ECB, Federal Reserve and Bank of England stated that battling inflation is their highest priority, not economic growth.
The final data for the first quarter of 2022 has revealed that the US economy has decreased by in size by 1.6%.
This week, FedEx revealed that the company expects its profit margin to increase to 12% by 2025.
On Wednesday, the Bank of America revealed that despite the ongoing stock decline during the first six months of 2022 the markets have experienced a $193 billion net inflow.
This week, Mercedes announced that the company would open new production plants for the production of electric vehicles.
The head of the World Bank announced on Wednesday that it doubts that the global economy could avoid a recession.
It was revealed on Tuesday that Warren Buffet's Berkshire had acquired additional shares of Occidental and increased its stake in the company to more than 16.00%.
Nissan has announced that the company would pause its production in Russia for a period of six months.
This week, the European Central Bank is hosting its annual central bank forum in Sintra, Portugal. Market participants look forward to clues on future monetary policy.
The Swiss Federal Crime Court has convicted Credit Suisse for failing to prevent money-laundering, as a former employee did not prevent a cocaine trafficking gang of laundering its profits.
Due to a lack of employees, United States Airlines have cancelled nearly 700 flights. The companies are expected to miss the ongoing surge in demand, as it would not be possible to offer flights.
In May, home sales in the United States increased by 0.7%, after previously declining for six consecutive months.
On Monday, the stock price of Tencent plummeted due to major selling being done by Dutch investors from Prosus NV.
Reuters has revealed that Japan wants to remove the zero-emission vehicle target from the G7 country statement.
During the start of this week's trading, stock prices around the world surged, as the previous recovery continued.
US airline Allegiant has revealed that the company expects strong demand for flights to last beyond summer.
Tesco recently revealed that the UK consumers have been recently buying less goods, as inflation had impacted prices.
Goldman Sachs has revealed that by the end of 2023 annual inflation in Turkey would reach up to 80%, prior to descending to 60%.
In May, the Canadian home price index had slowed down its growth, as on an annual basis prices were up by 18.3%, compared to 18.8% in April.
ThyssenKrupp has revealed that the company would not IPO its hydrogen division due to the current market environment.
The company has announced that it would launch a share buyback program, which would buy up to 2.5 million shares.
Sony and Honda have announced that the two companies have created a joint venture for the sale of electric cars.
Reuters has revealed that Chinese firms have started talks with Qatar about acquiring a stake in the country's gas fields.
The Bank of Japan has announced that it would monitor the impact of the Yen's decline on the Japanese Economy.