A coalition of workers and activists blocked Amazon facilities in the UK and Europe on Black Friday, trying to pressure the company to raise wages, pay more taxes and end environmentally damaging business practices. Amazon employees in 20 more countries prepare for strike or protest.
The Japanese yen and the Swiss franc surged on Friday over the news about a new variant of COVID-19 potentially resistant to current vaccines. The yen leapt as much as 0.56% to 114.68 per dollar, and the Swiss Franc hit a six-year high against the euro jumping as high as 1.0433 per euro.
On Friday oil fell sharply below $77 a barrel after news of a new possibly vaccine-resistant coronavirus strain raised fears over the outlook for demand, causing global markets to sell off heavily. Meanwhile, traders fled to save haven assets - bonds, the yen and the Swiss franc.
The next German government is formulating a 2021 budget to pump over $ 56 billion euros into the climate fund, which could be spent in the coming years to accelerate the transition to a green economy. These plans mean that the government will use up the $240 billion debt ceiling in 2021.
Annual inflation in Brazil rose to 10.73% while consumer prices accelerated 1.17% from the previous month. This is the biggest price rise in nearly two decades and is said to be driven by high fuel prices.
The Turkish lira rose 7% on Wednesday after a historic downturn to to its record low of 13.45 a day earlier, fueled by President Erdogan's defense of rate cuts, but volatility and price spikes continue to worry consumers and investors.
Xiaomi Corp.'s quarterly sales growth slowed remarkably on component shortages and growing competition in China. The company's revenue rose only 8% to $12.2 billion. Net income plummeted 84% to $123 million.
The euro dropped 0.3% on Wednesday to its lowest level since July 2020 at $1.1205 after a survey demonstrated a fall in German business morale. The Ifo institute said its business climate index deteriorated to 97.7 following supply bottlenecks and a spike in coronavirus infections.
According to the report published on Tuesday by Germany's E.ON SE, the group plans to invest in next five years nearly $30M in its core business, such as networks and retail power.
The British giant Barclays on Tuesday reviewed and raised its forecast for oil prices growth next year due to the unexpectedly rapid inventory drawdown and discreet supply response.
On Tuesday, the Italian antitrust body has accused Apple and Amazon.com of collusion and anti-competitive behavior in the sale of a number of products and imposed a fine of $151M and $77M, accordingly.
According to a source from the White House, the administration is planning to unveil oil from an emergency stockpile in an attempt to slow the rise of energy prices after the OPEC+ requests to match the growing demand.
The S&P 500 and the Nasdaq gained on Monday after President Joe Biden nominated Jerome Powell for a second term leading the central bank. The S&P 500 opened higher by 14.04 points, or 0.30%, at 4,712.00, while the Nasdaq gained 63.49 points, or 0.40%, to 16,120.92.
Around 3'000 workers from various Bosch plants protested in Germany against plant closures and job cuts. The automotive supplier plans to cut around 700 full-time jobs by 2025 to adapt to changing demand in the transition to electric vehicles.
In September, US airlines carried 58.4 million passengers, as the aviation industry continued to recover. Last year, in September 2020, the industry carried only 25.1 million passengers
The ECB Board Member Isabel Schnabel stated this week that the European Central Bank should be ready to control inflation, if it remains longer than forecast.
This week, BHP revealed that the global demand for nickel and copper would multiply during the next 30 years.
On Wednesday, Volkswagen announced that the company would double its charging and energy staff, release new payment tech and make alliances in an effort to compete with Tesla.
This week, the US President Joe Biden's administration revealed that it would help US auto industry in retooling for electric vehicle production.
In October, US single home construction decreased by 3.9%, as total housing construction declined 0.7%.
On Wednesday, data published by Canadian statisticians revealed that the Canadian annual inflation had reached a 18-year high level.
This week, the US Treasury announced that inflation, cyber-attacks and monetary tightening could cause systemic risk to the US financial system.
This week, the US President Joe Biden was expected to announce his choice for the position of the Chairman of the US Federal Reserve.
Data released on Wednesday revealed that the UK CPI had hit 4.2% instead of forecast 3.9%. Namely, inflation in the UK had reached a ten-year-high level.