The profits of Berkshire Hathaway declined in the fourth quarter of 2022, as the investment fund suffered due to a decline in its investments and currency fluctuations.
The producer of Nokia phones HMD Global has revealed that it would set up smart-phone production in Europe, despite the competition continuing to produce in Asia.
The International Monetary Fund has revealed that banning private cryptocurrencies might help in the restructuring of global debt.
The International Monetary Fund has announced that the G20 countries are at a disagreement of how to handle the debt of failing economies.
Reuters has revealed that various global food product makers would reduce their line up due to low product turnover.
The head of the Bank of Japan Haruhiko Kuroda has revealed that he intends to continue to keep the central bank's ultra loose monetary policy.
The events software provider Cvent has refused a $3.9 billion bid offer from the Blackstone group.
The World Bank has announced that it would offer some concessions to its debtor countries, as they battle the ongoing global economic decline.
The President of Mexico Manuel Lopez Obrador has stated that the decision to allow the construction of a Tesla car plant in the northern part of the country would depend on the availability of water in the region.
The US bank Morgan Stanley has revealed to be cooperating with US regulators in an investigation of the bank's block trading practices.
Due to a switch to natural gas from coal at power plants, the United States have decreased their CO2 emission amount.
The CEO of Stellantis Carlos Tavares would take a 14% pay decrease for 2022. The total salary of the CEO has declined to $15.7 million.
The Ministry of Finance of Thailand has revealed that despite ongoing global economic turmoil the country expects to grow its economy by 3.8% in 2023.
The US Treasury Secretary has commented that the fight against inflation in the US appears to have no set linear course.
As recent inflation data has beat market consensus expectations, the US Dollar has continued to surge due to the markets expecting more rate hikes aimed at stopping US inflation.
In January, US Consumer Spending has reportedly increased by 1.8%. Meanwhile, wages had grown only by 0.6%, which indicates that US consumers continue to take on debt for their expenses, amid surging inflation.
The US Core PCE inflation has reached a new high level, as it has beat expectations, causing a surge of the US Dollar. The surge of the USD is being attributed to the fact that the US Federal Reserve would be forced to further hike interest rates due to failing to combat inflation.
Reuters has revealed that Intel Corporation is evaluating increasing its already existing $1.5 billion investment in the company's chip facility in Vietnam.
The January Producer Price Index for China has revealed that prices at the producer level had declined more than expected. The prices have been declining due to the post-Covid reopening not creating enough consumer demand.
Despite recent price cuts, Tesla has increased the starting price for the Model Y vehicles in China by 0.8%.
Financial Times has reported that the UK regulators were investigating Barclays bank's anti-money laundering system.
Reuters has published a report, which has revealed that Advanced Micro Devices Incorporated has gained control of almost a third of the central processor market.
Yahoo has announced that it would fire more than one fifth of its workforce by the end of 2023. The firing has started in mid-February with the laying off of nearly 1000 employees.
The co-founder of Microsoft Bill Gates has stated that he considers the ChatGPT is a significant invention that would change the world.