Mercedes-Benz company has revealed that a new trade deal between the European Union and India might result in India turning into a production hub.
An Italian court has scrapped antitrust fines for Apple and Amazon. The companies had been fined for alleged collusion.
The electric vehicle maker Tesla has revealed that in the third quarter of 2022 due to logistics issues for the company has delivered less vehicles than the market expectations. Markets expected 359,162 new cars to reach their drivers, compared to the actual number of 343,830.
The Toyota Motor Company has announced that it would reduce its October output target by 6.3% due to a shortage of semiconductors.
The Reserve Bank of India has hiked its base interest rate by 50 points. Analysts have commented on the event by expressing that additional hikes are to be expected, as the central bank battles inflation.
In the second quarter of 2022, the UK economy had grown by 0.2%, compared to an expected decline of 0.1%. However, the British economy remains below pre-pandemic size.
The German government has agreed upon a 200 billion Euro subsidy package, which would shield consumers from rising energy prices.
This week, the world's second largest fashion retailer started a $177 million cost saving campaign. The company has experienced lower income due to increasing costs and decreasing consumer spending.
At 12:30 GMT, the United States Bureau of Economic Analysis has published its monthly Personal Consumption Expenditures Index. This index is the US Federal Reserve's primary used inflation measure, as revealed in the Fed's press conferences. The Core PCE index was expected to reveal an inflation growth of 0.5%. Instead, the actual reading was 0.6%.
The UK retailer Next has announced a cut of annual sales and profit forecasts, as August sales had been below expectations.
It has been just revealed that the Bank of Japan spent an equivalent of almost 20 billion US Dollars on its September 22 intervention in the Forex markets, which caused the USD/JPY drop from 145.90 down to 140.60. However, by September 26, all Japanese Yen currency rates were close to pre-intervention levels.
Next week, EU leaders are set to meet to discuss the recent sabotage of the Nord Stream gas pipelines.
The Prime Minister of the United Kingdom Liz Truss has commented on her proposed tax cuts that she would take controversial decisions to reignite economic growth.
Bloomberg News has reported that Apple would not fulfil its intention of increasing new iPhone production, as the company has observed no growth in demand.
Over the week, various European Central Bank policymakers have expressed various views in regards to balance sheet redaction. Inflation hit county representatives would sell off ECB assets. Meanwhile, heavily in-debt countries worry about destabilization of the bond market.
The International Monetary Fund has criticised the United Kingdom's new economic plan, as it has caused a collapse of British assets.
Lego has announced that in the first half of 2022 it has experienced strong earnings growth of 17% and even expanded its store number by 66.
Market volatility has increased due to the announcement that the Bank of England would resume purchasing UK government Gilts.
The defence manufacturer Saab has revealed that it would open up a production facility in India.
Biogen Inc provided successful results of experimental Alzheimer's drug. Hence, shares of Biogen gain more then 30% today after market opening. 16:40
The government of Ireland has announced that it would implement two new budgets, which are aimed at easing the consumer pain of rising living costs.
This week, the US Justice Department went to court against JetBlue Airways and American Airlines. The US officials intend to force the airlines to end a partnership.
The auto producer Stellantis and Uber have announced that the two companies would create a partnership to focus on the electric vehicle market in France.
The head of the World Trade Organization Ngozi Okonjo-Iweala has stated that it expects global trade forecasts for 2022 to be downwards revised.