Electrolux recently announced that the company would start a new cost-cutting programme due to the ongoing high inflation.
Volvo Cars has revealed that in September it has resumed limited production operations at one of the company's plants in China.
The EU antitrust regulators revealed that they would broaden their investigation to include Google's overtaking of a Portuguese competitor.
The Kroger Company has increased its 2022 profit and sales forecasts, as the company expects an increased demand for essentials and groceries.
Two leaders of congressional committees intend to probe how the US airlines handled the Coronavirus drop and recovery of demand. The US government subsidized the industry in three round that amounted to a total of $54 billion.
In July the United States Commerce Department revised its July wholesale inventories increase data to 0.6%, instead of previously reported 0.8%.
The Federal Reserve officials have ended a period of public comments and a consensus has been reached in the markets that the US central bank is set to do a large sized interest rate hike at its September meeting.
Analysts from Coalition Greenwich have reported that global investments banks are set to make $20 billion on trading commodities in 2022.
Reuters has revealed that various European banks are demanding that the European Central Bank hikes its base interest rates by 0.75% at its October meeting.
In the aftermath of the ECB rate hike, various policymakers of the central bank have revealed that additional rate hikes are required to fight inflation.
The governments of France and Germany have pledged unity in their support of the European economy in its struggle against inflation. Namely, the two countries would coordinate fiscal policy.
The Texas Comptroller's Office has revealed that Tesla might set up a lithium refinery in Texas, if the company would receive a local property tax relief.
BMW has announced that the company would power its new 2025 fleet of electric vehicles with cylindrical type of battery cells. The cells would be produced in six CATL and EVE factories.
The government of Japan has revealed short term stimulus tools that are aimed at decreasing the impact of high energy and food prices on farmers, businesses and low-income households.
In August, auto sales in China increased by 32% on a year-on-year basis, as demand for electric vehicles has boosted total sales.
The Japanese car maker Honda Motor Company has revealed that due to issues with supply it would decrease its output in Japan's plants by up to 40.00%.
Reuters has revealed that its poll results indicate that the Japanese August trade deficit is set to reach a nine-year high.
At the start of the week's trading, risk on sentiment dominated. The US Dollar plummeted, as stocks, commodities and various currency pairs surged by up to 1.50 %.
The Governor of Bank of Japan Haruhiko Kuroda has stated after meeting with the Prime Minister of Japan Fumio Kishida that high currency movements are undesirable due to their impact on business plans. Namely, 2-3 Yen moves against the Dollar were identified as too high.
The Japanese government has reaffirmed its view that it would take action to deal with major moves of the Japanese Yen. The repeating of the statement occurred, as the USD/JPY jumped from 140.00 up to 145.00.
Chinese authorities have announced that Biden's decisions on tariffs are set to hurt US consumers and companies. The Commerce Ministry would prefer the US President to dump Trump-era tariffs on Chinese imports.
GS have increased their US Federal Reserve Rate hike expectations for September from 0.50% up to 0.75% and in November from 0.25% up to 0.50%.
The South Korean central bank has stated that it intends to stabilise prices as quickly as possible with unusually large rate hikes.
The New York Federal Reserve has announced that in August global supply pressures had continued to decrease.