News

Note: This section contains information in English only.
Thu, 13 Oct 2022 12:30:07 GMT

UK economy approaches recession

Recent month on month GDP data for the United Kingdom has revealed that the country approaches a recession, as GDP declined by 0.3% instead of the expected 0.0% stagnation.

Thu, 13 Oct 2022 10:30:05 GMT

Biden addresses Saudi Arabia over oil

The US President Joe Biden has revealed that Saudi Arabia and OPEC+ would face consequences for their recent decision to cut oil production.

Thu, 13 Oct 2022 08:31:09 GMT

IMF issues warning

The International Monetary Fund has warned that geopolitical events and inflation are bound to increase financial stability risks.

Thu, 13 Oct 2022 06:30:07 GMT

USD/JPY reaches 24 year high

This week, the USD/JPY currency exchange rate reached above the Bank of Japan intervention level, as the pair clearly broke above 146.00.

Wed, 12 Oct 2022 14:30:06 GMT

Russia takes over Nissan's operations

Nissan Motor Company has revealed that it would incur a loss of $687 million due to the sale of its shares in Nissan Manufacturing Russia LLC to the Russian state owned NAMI for 1 Euro.

Wed, 12 Oct 2022 12:30:07 GMT

UK workers leave labour market

The official UK unemployment rate has declined to 3.5%, which is the lowest since 1974. However, the decline has occurred due to people failing to find work after a prolonged period and being removed from the official pool of economically active part of population.

Wed, 12 Oct 2022 10:30:05 GMT

Polish Central Bank governor sues policymakers

Two members of the Monetary Policy Council of the Polish Central Bank have revealed that the Governor Adam Glapinski and four other members intend to seek legal action against policymakers over statements made about policy to the public.

Wed, 12 Oct 2022 08:30:09 GMT

Auto sales slow in China

In September, Chinese auto sales growth in China declined, as signs of a decrease in demand had been observed.

Wed, 12 Oct 2022 06:30:08 GMT

China increases Covid measures

The Chinese government has increased its testing and anti-infection measures in major Chinese cities, as the numbers of cases in the country have increased.

Tue, 11 Oct 2022 14:30:06 GMT

Investor morale declines in Europe

Survey results have revealed that in August European investor morale had reached a new low level, which had not been observed since May 2020.

Tue, 11 Oct 2022 12:30:06 GMT

Spain imports more gas

In August of 2022, compared to August of 2021, natural gas imports to Spain have reportedly increased by 3.3%

Tue, 11 Oct 2022 10:30:06 GMT

Germany considers gas subsidies

The German government created commission for the decrease of high gas price impact on consumers has come up with a proposition to implement a 35-billion subsidy plan.

Tue, 11 Oct 2022 08:30:08 GMT

Russian gas flows to European Union

The Yamal pipeline operator data has revealed that Russian gas shipments to Europe through Ukraine have continued to remain unchanged.

Tue, 11 Oct 2022 06:30:10 GMT

SNB decreases overnight deposits

The Swiss National Bank data has revealed that overnight deposits at the central bank had decreased by a total of 30 billion Swiss Francs.

Mon, 10 Oct 2022 14:30:08 GMT

BMW sales decline

BMW Group has revealed that in the third quarter of 2022 the company's sales had declined, compared to the third quarter of 2021.

Mon, 10 Oct 2022 12:30:06 GMT

Bank of England doubles stimulus

The Bank of England has announced that it would double the size of its bond buy-back program, increasing the size of each auction from 5 billion up to 10 billion.

Mon, 10 Oct 2022 10:30:06 GMT

Chinese tech shares lose value

As the United States implement restrictions on chip exports to China, Chinese tech company stock prices declined due to the companies experiencing shortages.

Mon, 10 Oct 2022 08:30:06 GMT

European stocks decline

During Monday's European trading hours, European country stock market indices declined, as the Friday's drop extended into a new week.

Mon, 10 Oct 2022 06:30:08 GMT

Norway expects record oil and gas income

The government of Norway has revealed that it expects to gain $131 billion from the sale of oil and gas in 2023.

Fri, 07 Oct 2022 14:30:07 GMT

Airbus expects recovery

Airbus has announced that the company expects aircraft services to return to pre-Covid levels by the end of 2023.

Fri, 07 Oct 2022 12:30:06 GMT

Euro Zone retail sales decline

In August, retail sales in the Euro Zone declined on a month on month basis by 0.3%, which amounts to a 2.0% annual decline.

Fri, 07 Oct 2022 10:30:05 GMT

French Minister comments on energy saving

The French Minister of Energy Agnes Pannier-Runacher has stated that the government would not impose binding energy savings measures.

Fri, 07 Oct 2022 08:30:07 GMT

Toyota restarts EV output

Toyota Motor Company has announced that it had restarted its bZ4X electric vehicle production, as safety issues have been fixed.

Fri, 07 Oct 2022 06:30:07 GMT

OPEC+ cuts production

This week, OPEC+ countries agreed upon a production cut, which is set to increase oil and energy prices prior to the winter. In turn, the high energy prices are highly likely going to boost inflation.

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