News

Note: This section contains information in English only.
Tue, 19 Sep 2023 10:30:05 GMT

Lagarde seizes council's phones

The President of the European Central Bank Christine Lagarde has been reported by Reuters to have ordered the seizure of the cell phones of the ECB council for the duration for the policy meetings to avoid information leaks.

Tue, 19 Sep 2023 06:30:04 GMT

Goldman Sachs comments on Fed Rates

Goldman Sachs has announced that the US Federal Reserve is unlikely to raise interest rates during the November FOMC meeting.

Mon, 18 Sep 2023 14:30:04 GMT

China arrests Evergrande managers

Chinese police have arrested a number of Evergrande wealth managers in the south of the country, indicating a new upcoming investigation.

Mon, 18 Sep 2023 10:30:04 GMT

Stellantis workers propose strike

The workers unions of Stellantis have called for a one day strike in Italy due to the lack of information about future production.

Mon, 18 Sep 2023 06:30:05 GMT

Automakers strike continues

The US Detroit automaker worker strike has continued into a fourth day, impacting top three United States automaker stock values.

Fri, 15 Sep 2023 14:46:24 GMT

China announces sanctions on US firms

The Chinese government has announced sanctions against US arms manufacturers for sale of weapons to Taiwan. Lockheed Martin and Northrop Grumman are set to be sanctioned. However, there is no clear announcement how the firms might be impacted due to them not selling to China

Fri, 15 Sep 2023 13:32:05 GMT

Russia raises rates to 13%

The Russian Central Bank has increased its base interest rate up to 13%. The central bank has been attempting to prop up the declining Rouble.

Wed, 13 Sep 2023 14:00:04 GMT

US inflation is above expected

The US monthly release of Consumer Price Index has revealed that inflation in the US has inched up to 3.7% instead of the expected 3.6%. However, this is another increas,e compared to 3.3% in August and 3.1% in July.

Wed, 13 Sep 2023 12:16:14 GMT

EU investigates Chinese EVs

The European Union has started to investigate the imports of Chinese electric vehicles for the possible need of implementation of tariffs.

Wed, 13 Sep 2023 12:11:05 GMT

iPhone 15 receives mixed reactions

The release of the new iPhone 15 has received a mixed reaction across the world, as even Chinese consumers prefer Huawei.

Mon, 11 Sep 2023 14:30:04 GMT

Goldman Sachs plans job cuts

The Financial Times has reported that Goldman Sachs intends to fire employees that the bank considers underperformers.

Mon, 11 Sep 2023 12:30:04 GMT

Bank of Canada comments on rates

The Governor of Bank of Canada Tiff Macklem has stated that interest rates might not be high enough to decrease inflation. The central bank has recently kept its base rate at 5.00%.

Mon, 11 Sep 2023 10:30:04 GMT

Researchers find spyware in Apple devices

The Citizen Lab group has recently revealed that they have found Israeli firm's NSO spyware on Apple devices.

Mon, 11 Sep 2023 08:30:05 GMT

Walmart changes pay structure

Walmart stores have announced that the company would adjust its entry-level employee pay structure. In general, entry level workers are set to have their wages reduced.

Mon, 11 Sep 2023 06:30:04 GMT

Strikes start at Chevron Australian facilities

Starting from Friday, Australian liquefied natural gas project employees of Chevron went on strike, as talks broke down. The strike affects 5% of global supply.

Fri, 08 Sep 2023 14:30:04 GMT

China increases iPhone restrictions

The Chinese government has increased its curbs on use of IPhone by government employees. Namely, employees have been forbidden to use phones at work.

Fri, 08 Sep 2023 11:30:04 GMT

Stellantis comments on combustion engines

The carmaker Stellantis has announced that the company expects internal combustion engine vehicles to remain in use until at least 2050.

Fri, 08 Sep 2023 08:10:00 GMT

US jobless claims hit low level

This week, the US weekly jobless claims had reached a low level not seen since February. Moreover, it has been announced that productivity had reached a high level not seen for years.

Thu, 07 Sep 2023 14:30:03 GMT

Tesla reaches new record in Shanghai

The Tesla factory in Shanghai has hit a new record, as it has produced a total of 2 million cars.

Thu, 07 Sep 2023 12:30:04 GMT

Oil prices reach record high

This week, crude oil prices surged due to the output cuts done by Saudi Arabia and Russia. The surge resulted in oil price benchmarks reaching high levels not seen since November.

Thu, 07 Sep 2023 10:30:04 GMT

Google settles Play Store lawsuit

Alphabet's Google has reached a tentative settlement in the US lawsuit, which claimed that the US Play Store violated US antitrust legislation.

Thu, 07 Sep 2023 08:30:04 GMT

TSMC prepares to invest in ARM

The Taiwan Semiconductor Manufacturing Company has revealed that it would decide this week whether to invest in the chip designers Arm Holdings initial public offering.

Thu, 07 Sep 2023 06:30:04 GMT

US orders major air bag recall

United States auto safety regulators have ordered a recall of 52 million ARC Automotive and Delphi Automotive air bag inflators. The recall has been made due to possible ruptures that can send metal fragments flying.

Wed, 06 Sep 2023 14:30:03 GMT

China develops new chip

A teardown of the Huawei Mate 60 Pro phone done by TechInsights has revealed that the Chinese chipmaker SMIC has created a new advanced processor.

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