The Ifo institute has announced that in 2023 the German economy is set to decrease more than previously forecast.
Intel Corporation has announced a major restructuring of its manufacturing activities. The company intends to create a separate entity that would generate its own margin.
The Swiss National Bank has increased its base interest rate by 0.25% and revealed that it would continue to tighten monetary policy.
In an unexpected move the Bank of England has increased its official bank rate to 5.00%. The event has caused a strengthening of the Pound against peer currencies.
Goldman Sachs have revealed that the major bank expects OPEC+ countries to do another oil production cut.
Reuters has reported that French consumers have started to decrease their food budgets by choosing lesser quality foods, as a 16% record food inflation has hit the country.
The Bank of America has issued research that forecasts the Japanese stock market to reach a new record high in early 2025.
The CEO of Neste has commented that the company expects renewable fuels to drive the company's growth in 2023.
Advance Auto Parts has decreased its 2023 profit expectations due to elevated costs. The announcement caused a drop of the company's stock price.
The most recent quarterly Canadian GDP data has revealed that the country's economy has increased by 3.1% in the first quarter of 2023.
Economists surveyed by Reuters have revealed that the Bank of England is most likely going to increase its Official Bank Rate up to 5.00%.
The Russian miner Nornickel has revealed that it expected the worldwide Palladium market to turn into a production surplus of 300,000 ounces in 2024.
American Airlines group has reported that it would increase its second quarter earnings expectations due to a rise in demand for travel.
The carmaker Jaguar Land Rover has announced a recall of almost 6,400 I-Pace electric vehicles in the United States due to battery overheating issues.
Employees of the failed Credit Suisse have reportedly been leaving the bank in the hundreds each week, as uncertainty over the bank's takeover has gripped workers.
Analysts surveyed by Reuters have revealed that they see a price decline in the US housing market. However, the ongoing decline is expected to be less than previously thought.
The US government has revealed that in 2022 it has denied 26% of export and re-export license applications for sensitive goods to China.
The electric vehicle maker Faraday Future has launched a new car model. FF 91 2.0 is set to be a limited edition vehicle for the price of $309,000.
The Chief Operating Officer of Volkswagen has announced that the company would not participate in the price discount battle ongoing among car producers in China.
Recent release of Chinese Manufacturing Purchasing Managers Index has revealed that the factory activity in the country in May had declined more than expected.
Due to mounting currency exchange rate pressures Unilever has announced that it would switch to African suppliers and farmers of various materials.
Despite the recent surge of the NVidia stock price, due to Wall Street firms increasing earnings expectations the company's price to earnings ratio has improved.
The Reserve Bank of Australia has announced that it would not sign any contracts with PricewaterhouseCoopers until the accounting firm deals with the ongoing tax information leak scandal.
Toyota Motor Corporation has announced that some customers in Oceania and Asia might face risks of data leakage. Client information might have been public from 2016 October up to May of 2023.