Despite holidays, the Chinese consumers have decided to mostly stay at home, which is another signal of a slowing down economy.
This winter, Ryanair is set to reduce number of flights due to delays in the delivery of Boeing airplanes.
The Former United States President Donald Trump has revealed that it does not matter whether the union of autoworkers strikes a deal with car producers, as the shift to electric vehicles would still make their jobs obsolete.
The Chinese authorities have published a list of mobile app stores that have been complying with new regulation. Experts have spotted that the list of 26 app stores does not include Apple Store.
The publication of the United States Final Gross Domestic Product has caused a drop of the US Dollar. Namely, the finalized quarterly GDP data revealed that GDP had increased by 2.1% not the expected 2.2%.
As global supply decreases, crude oil prices have continued to surge. Since mid-September oil price benchmarks have been near the $90 level.
The US President Joe Biden has stated that the striking Michigan autoworkers should demand a 40% salary increase. The President appeared before strikers just a day before Donald Trump intends to speak to the auto workers.
The decrease of Chinese industrial profits had continued over the period from January up to August. During the eight months of 2023 the profits had declined by 11.7% on an annual basis.
The retail clothing chain H&M has blamed the warm September weather for a decline of sales. Namely, sales declined by 10%, as consumers continued to wear prior season clothing.
Toyota has announced that it would combine new technology and traditions of lean methodology to catch up with other carmakers in the electric vehicle segment.
US Energy Information Administration has revealed that US oil output is set to mark a third consecutive months of decline. The news boosted crude oil prices.
The Prime Minister of Israel Benjamin Netanyahu has urged Elon Musk to balance fighting hate and free speech on the X platform.
Reuters has revealed that the US Presidential administration has been working on new measures that would help small businesses in Cuba.
The Canadian government has announced that a five top Canadian grocery retail sale chains have agreed to help the government in stabilizing food prices.
It has been revealed by the Wall Street Journal that Tesla has been in talks with Saudi Arabia about the potential construction of a new electric vehicle factory.
US retail store chain Macy's has announced that it would hire 38,000 employees for the holiday season sale. However, the number is smaller than previous years. In 2021 the company hired 71,000 thousand employees.
The President of Turkey Tayyip Erdogan has asked the CEO of Tesla Elon Musk to build a factory in Turkey, as the country was revealed to be one of the top candidates for new construction.
The South Korean workers union of Hyundai has agreed to take a 12% wage hike to stop a potential strike. Hyundai has managed to avoid potential production stops.
Despite firing 10% of its employees in January, Salesforce has announced a hiring of 3,300 employees, as business has picked back up.
The United Kingdom government has been revealed to be set to finance the decarbonization of Tata Steel with nearly 500 million GBP. However, the deal is set to put at risk more than 3,000 jobs in Wales.
Reuters has reported that Citigroup has started major lay offs of its staff that include reductions in compliance, support and risk management departments.
The CEO of Ford Motor Company Jim Farley has revealed that a possible agreement to the initial proposal of United Auto Workers unions would mean a bankruptcy of the company. The workers had demanded a 40% wage increase, cut of workweeks and pension benefits.
The third largest bank of Canada, the Bank of Montreal, has announced that it would close its retail auto financing business. The move is set to result in major job losses.
The US antitrust lawsuit against Google has continued into its second week, as the lawmakers have called to testify Verizon executives.