Other news

Jacek Volchak, International CEO of Philip Morris, says he intends to change the future of the tobacco industry by quitting production of cigarettes and start investing more in smokeless nicotine devices.

Amazon.com Inc. will have a second global sale day in October, to help consumers find the best deals for holidays in advance.

The Low Carbon Fuel Division of Chevron Corp. merges with subsidiary Mitsui & Co. to explore the potential of geothermal energy in Japan, the company said on Monday. According to the International Renewable Energy Agency, geothermal energy could become very important for Japan, which ranks third in the world in terms of its energy reserves.

The Amazon company released the news about an awaited sale for the members of their loyalty club. This sale is similar to the Prime Day summer marketing blitz organized by Amazon in July and aimed at increasing revenues and luring prudent buyers with restricted budget, who face the consequences of the economic instability.

After new rate increases were delivered last week in the US and several other major world economies, forecasting upcoming difficulties.

Intel, in cooperation with the Italian government, has chosen Vigasio in the region of Veneto as the preferred location for a new chip manufacturing plant, according to two sources familiar with the matter.

Japan is unlikely to meddle in the foreign exchange market to secure the yen level, equaling to 145 per dollar. Instead, it would limit any subsequent moves to smoothing operations focused on suppressing volatility, noted Naoyuki Shinohara, a former senior currency diplomat.

On Monday Apple Inc said that the new iPhone 14 will be manufactured in India. Since India is considered to be one of the largest smartphone markets in the world, JPMorgan analysts expect Apple to move some of their production to this country.

Atlanta Fed President Rafael Bostic said he still believes the U.S. central bank can curb inflation without significant job cuts, given the continued momentum of the economy.

Boeing Co will pay 200 million dollars to settle civil charges leveled by the U.S. Securities and Exchange Commission. According to legal action, the company had provided the investors with the wrong information concerning the state of the airplane 737 MAX.