The US crypto exchange Bitfront has announced that it would suspend new sign ups, all credit card payments and cease operations. The firm has commented that the shutdown was not associated with the recent misconduct of other exchanges.
The German Ifo economic survey results have revealed that almost all food and toy retailers in Germany intend to increase prices.
Adobe Analytics has revealed that the total US Thanksgiving sales have reached a record $5.29 billion, despite inflation supposedly reducing consumer spending.
The German carmaker BMW has announced that it would invest 2 billion Euro in its electric vehicle factory in Hungary.
The Polish government has announced that it would freeze household gas tariffs at 2022 levels.
The main iPhone producer in China Foxconn has been reported by Reuters as set to suffer further shipment delays due to more workers stopping work.
On Black Friday, Amazon workers were observed to have protested low wages in France and Germany.
The Japanese government has publishes an assessment of the national economy. In November, the economy had experienced a moderate recovery. However, global risks remain persistent.
The Swedish Riksbank has hiked its base interest rate to 2.50% and announced that it could continue its monetary tightening in 2023.
The International Organization of Securities has sent out rules and principles for the regulation of cryptocurrencies and trading platforms to the G20 countries.
In the aftermath of the release of the US Federal Reserve Meeting Minutes, the US Dollar has continued to trade near low levels. The Meeting Minutes revealed that the US Fed could slow down interest rate hikes.
The International Monetary Fund has urged the Chinese government to boost coronavirus vaccinations and to restore confidence in the real estate sector.
Despite observing systemic economic strain, the Bundesbank has reported that there is no correction in the housing market.
European Purchasing Managers Index has revealed that the economic decline of the Euro Zone had slowed down in October, as the index has risen from 47.3 up to 47.8.
DP Eurasia, which manages Domino's Pizza in Russia and Turkey, has reported that in the ten months of 2022 the company's sales had increased by 74.60%.
The Vice President of the ECB Luis de Guindos has stated that the Euro Zone's economy is set to show negative growth in the fourth quarter of 2022.
The Swiss banking group Credit Suisse has revealed that it expects to incur a pre-tax loss of 1.5 billion CHF in the third quarter of 2022.
Despite reporting better than expected quarterly results, the stock price of Nordstrom plummeted at the start of Wednesday's US trading hours. The stock price started the day at the $20.60 level, compared to yesterday's close at $22.65. Namely, the shares dropped 9.45%.
The European Commission has proposed the introduction of a cap on gas prices for one year, starting from January 1 2023. However, a revealed draft of the legislation does not include the actual price limit.
The government of Spain has revealed plans to support the mortgage payments of more than one million Spanish households.
Mazda Motor Corporation has revealed plans to invest $10.6 billion in an electrification of the company's vehicles.
It has been revealed by an exchange filing that Berkshire Hathaway had sold 3.23 million shares of the Chinese electric car producer BYD. The deal amounts to stock valued at $80.67 million.
The former Deputy Governor of Bank of Japan Hiroshi Nakaso has recently stated that the central bank should remove its ultra-loose monetary policy, as soon as the economy would be below potential capacity.
The Italian government has announced a new budget, which would focus on energy bills and cutting taxation of payroll and self-employed workers.