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19 March
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Central bank of Switzerland brought rates out of negative zone, hiking them by 75 basis points
On Thursday, it was announced that the central bank of Switzerland increased its key interest rate to the level of 0.5%. This has ended a notable historical period of negative interest rates in Europe.
23 September 2022
Forecast: Germany's economy will decrease by 0.4% in 2023
The economy in Germany will be in recession for at least three quarters. This is the economic forecast made by the Handelsblatt Research Institute (HRI) for Germany.
23 September 2022
Bank of Japan intervenes in the currency market to stop the yen from falling
Japan is trying to strengthen the weakening yen.
23 September 2022
Pfizer to start distributing 6 million Paxlovid therapies
The world-renowned Pfizer is ready to provide access to Paxlovid for 132 developing countries. The pharmaceutical corporation first announced treatment delivery in May, as part of the Global Fund's Covid-19 Response Mechanism to provide medicines, tests and equipment to fight coronavirus infection in low-and-middle-income countries.
23 September 2022
Citigroup chooses India as a higher priority market over China
The co-head of Citigroup Inc.'s international investment banking unit said the bank views India as one of its top markets to expand its global footprint amid rising expansion risks in China and other regions.
23 September 2022
Tesla announced a recall for 1.1 million electric cars
Tesla reported about the malfunction in its automatic window reversing system. The problem related with the window system has been detected in about 1.1 million cars. Such a problem increases the risk of injury to passengers.
23 September 2022
Economists changed RBA cash rate forecasts, raising expected value to 3.1% towards end of year
There was an increase in economics experts’ projections for policy tightening by the Reserve Bank of Australia. It was connected with a rise of an expected level of household spending, which, in its turn, is linked to tight conditions of the labor market and a growing level of savings.
23 September 2022
Amazon promotes renewable energy sources
Amazon.com Inc. targets to use completely renewable energy in its business by 2025.
22 September 2022
Amazon cloud subsidiary in Mexico to launch "local zone" in early 2023
Amazon Web Services Mexico (AWS), a subsidiary of Amazon.com Inc., will build a local data center in the first quarter of 2023. AWS local zones will allow customers to increase the network's bandwidth. Luis Velasco, country director for Mexico of Amazon Web Services, announced the expansion of local zones.
22 September 2022
Ford expenses to rise by $1 billion due to supply chain issues
Ford Motor reported components’ purchase price for the brand's vehicles is expected to hike by $1 billion in the third quarter of the year. The reason is high inflation and a shortage of parts needed for production.
22 September 2022
