The Dutch tech company Philips has announced that it would increase its profit forecasts. Moreover, the company has beat earnings expectations for the previous quarter.
The Japanese government has revealed that it intends to coordinate with the Bank of Japan to create a slowdown of inflation in 2024.
In June, the Peoples Bank of China has increased its gold reserves by 23 tons. The central bank has extended its gold buying spree into an eight consecutive month.
The Vice-President has revealed throughout July that the services sector has turned into a significant drivers of European inflation.
The United Nations food agency has revealed that its world price index had declined in June to a two year low level. The index is now 23.4% below its peak of March 2022.
Airbus has received a received record amount of orders from India, as the country's airlines have ordered a total of 1,004 airplanes in the first half of 2023.
The US Defense Department has revealed that it has strategic Germanium reserves. However, there are no Gallium reserves. Due to this reason the Pentagon would use the Defense Production Act to increase domestic mining.
The nominal base salaries of Japan have experienced largest growth since 1995. In May, salaries have increased by 2.50%. However, due to inflation real wages have decreased 1.2%.
Chinese authorities have ended the regulatory revamp of Ant Group. Reuters has reported that Ant is set to be fined 8 billion Yuan or $1.1 billion.
The Chief Financial Officer of the New Development Bank of the BRICS countries has commented that the country economic association does not intend to create its own currency.
Volkswagen has revealed that the company has been monitoring the recent semiconductor and rare metal dispute between China and United States. The company has announced that it would be ready to deal with supply issues.
The airline Norwegian Air has made a deal to acquire its domestic competitor Wideroe for a total of $106 million. The companies are set to operate independently, but with more collaboration and integration.
The Austrian bank Raiffeisen Bank International has once again delayed leaving the Russian market, as Austrian officials have increased their defence of the bank in the United States and Europe.
In the aftermath of the Federal Reserve bank stress test, the Bank of America has increased its dividend by 9.00%. The quarterly dividend per common share is being increased from 22 up to 24 cents per share.
In June, the ChatGPT website traffic had declined by 9.7%, which is the first decline since the launch of the AI chatbot in November.
Analysts surveyed by Refinitiv SmartEstimate have come to a consensus that Samsung Electronics quarterly profits are set to drop by 96%. The earnings are scheduled to be published on August 2.
Reuters has reported that PwC Australia provided confidential and leaked tax law information to Google. It was previously assumed that the documents were only leaked to other PwC employees.
Environmental, social and governance equity funds have suffered major loss of investors during the second quarter of 2023. Funds have suffered due to regulatory and economic worries.
The JPMorgan Chase & Co bank has announced that there is a risk that due to high inflation the Bank of England would have to hike its official bank rate to 7.00% and cause a recession.
Bloomberg has published information that the number of super rich families in the rural parts of India is set to increase five-fold by 2030.
The Chief Executive Officer of Twitter Linda Yaccarino has revealed that the recently implemented tweet reading limit has not impacted advertising.
The Energy Minister of Saudi Arabia Prince Abdulaziz bin Salman has recently stated that the cooperation with Russia remains strong and the production cuts that have been done since November serve as a proof to the relationship.
In an effort to compete with Boeing, Airbus has increased testing of new radical wing technologies by opening a new facility in England.
In June, the Caixin services sector Purchasing Managers Index declined to 53.9 from 57.1 in May. The decline reveals a failure of the sector to recover in the aftermath of last year's COVID-19 restrictions.