High costs of energy commodities, which make up a major part of European imports, have resulted in the Euro Zone experiencing a trade deficit in June.
Leading provider of hydrogen fuel - Plug Power - continues previous week's trend and has gained over 51.00% from recent low levels. According to the latest quarterly report, the sales of the company are up 29.4% and green hydrogen is expected to 'boom' thanks to Inflation Reduction Act.
The Brazilian mining company Vale SA has received a $16.8 million fine for failing to resent information on the condition of a tailings dam.
The jewellery maker Pandora has reported a decline in sales in the United States in the second quarter of 2022. Due to that reason, the stock price of the company plummeted 7.30%.
During Tuesday's trading, European stock indices extended their recent recovery, as the surge entered its sixth consecutive day of trading.
On Monday, the People's Bank of China unexpectedly cut its base interest rate, which is contrary to the US efforts at tightening the global economic policy.
Reuters revealed on Monday that China is set to increase its fuel exports in August. However, export numbers are set to remain near low levels not seen since 2015.
The agricultural chemical and seed maker Bayer AG has launched a new platform aimed at connecting US food and fuel makers and farmers.
Daily coal production in China had increased by 16% on a year on year basis, as demand peaked in July.
The airline has announced that it had made an initial deal with Airbus about a purchase of 20 Airbus A330neo jets.
Global stock markets started the week's trading with a decline, as various indices lost from 0.35% up to 0.55%.
Wizz Air has announced that the airline would resume its flights from United Arab Emirates to Russia starting from October.
July inflation in Mexico has been revealed to have hit the highest level observed since 2000.
A union of GlobalFoundries and Qualcomm has been revealed, as the companies have agreed to work together on doubling their combined chip manufacturing.
The Chief Executive Officer of AngloGold Ashanti Alberto Calderon has stated in a recent interview that he expects the company's cost inflation to decrease in 2023 to single digits from a peak of 13.00%.
For the first time in four months, in July, Japanese households had increased spending, as an increase of 1.5%, compared to June, has been reported.
The United Nations have reported that the global food price index has declined to 140.9, compared to 154.3 in June.
Due to the recent strike, the Scandinavian airline SAS has experienced a 32% decline in passenger volumes in July, compared to June.
Suzuki Motor has revealed that the company has not experienced a slowdown of demand for cars in either the Japanese or the Indian market.
Refinitiv has reported that during the prior week global investment and money market funds had experienced largest financial inflows since November 3 of 2021.
Pfizer has announced that the company would pay $68.50 per share to acquire Global Blood Therapeutics. The company intends to use the cash made from COVID-19 products to invest in other sectors.
Barrick Gold Corporation has revealed that in 2022 the company might produce more gold than previously expected.
This week, Carlsberg announced that the beer producer would increase its 2022 growth expectations, as demand has remained strong and the company has resumed operations in Ukraine.
Despite surging inflation, Pets At Home has reported an increase in quarterly revenue, as consumers have not reduced their spending on their pets.