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19 March
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Australia prepares for fourth consecutive 0.5% key rate hike
The Reserve Bank will raise its target overnight rate at Tuesday's meeting, according to 27 of 30 economists surveyed by Bloomberg. The increase is expected to be a half percentage point to 2.35 percent. This will be the fourth such increase in a row.
5 September 2022
First decline in several months registered in services sector of Japan
According to the last business survey held in Japan, there was a decrease in the services sector in August, which became the first one since March. The decrease is linked to the recent coronavirus outburst that affected the demand.
5 September 2022
Starbucks names former Reckitt head as next CEO
Starbucks Corp. announced on Thursday that Laxman Narasimhan would become a new CEO. He is known for revitalizing Reckitt, the maker of Lysol disinfectants. Laxman Narasimhan will take over Starbucks to get involved with the reinvention of the world's largest coffee chain.
2 September 2022
ECB’s decision on the interest rate should be “orderly and predictable”
The European Central Bank is expected to decide on the interest rate in September. Measures to stabilize the economic environment must be "orderly and predictable", French ECB head Francois Villeroy de Galhau stated on Wednesday.
2 September 2022
Boeing prepares for growing demand due to increasing productivity of Indian airline operators
Boeing waits for more orders to be submitted by airlines from India. The airlines have started their capacity expansion to meet the growing demand in the Indian aviation segment, which is now considered to be the fastest-developing aviation market in the world.
2 September 2022
High inflation has an adverse effect on the UK productivity
Rising inflation in the UK could threaten businesses in making long-term decisions that are necessary for increased productivity, Bank of England representative Katherine Mann said in a podcast.
2 September 2022
Dollar is soaring because of Fed’s decisive actions backed by new data
The US dollar has reached a record level in the last 20 years as a result of the new data release, which indicates the resilience of the economy. Such conditions provide the Fed with wider possibilities of aggressive actions towards the rate increasing and inflation curbing.
2 September 2022
Walmart plans to buy out rest of S.Africa's Massmart
U.S. retail giant Walmart has reached an agreement with South African retailer Massmart to acquire the remaining 47% stake in the company it does not already own. According to the representatives of Massmart, its majority owner Walmart has made a 6.4 billion rand ($377.6 million) offer for the stake
2 September 2022
Economists revised down Singapore growth forecasts and raised inflation forecasts
According to a central bank survey, released on Thursday, economists have pulled back GDP growth estimates and have raised their inflation forecasts for Singapore. A global economic slowdown is considered the biggest threat to one of the largest trading centers in the world.
1 September 2022
Amazon offers seller storage service to address supply chain issues
Amazon Inc. is planning to introduce a new storage service for wholesalers. This tool will facilitate goods distribution, solving the problem of the supply chain, the company reports. According to the online retailer, the service will be released in 2023.
1 September 2022
