Other news

The Biden administration has banned U.S. technology companies that receive federal funding.

As a measure to slow down the domestic economy and reduce inflation from four-decade peaks, the Bank of Canada is planning another increase in the key rate, the fourth in recent times.

The McDonald’s company has updated its offer for the fall by adding a nostalgic treat to the menu. The company has reconsidered its own meal of more than thirty years ago, and the cheese Danish is back on the menu in the middle of September. A previous version of this pastry had been served at their restaurants for a short period of time in the 1980s.

China's central bank has reduced the amount of foreign currency that banks must hold in reserve in an attempt to support the country's rapidly weakening currency.

On Monday, the German vehicle trademark Volkswagen announced an initial public offering (IPO) of the iconic Porsche brand that is expected at the end of September — beginning of October. This would happen in case of a further development of the capital market.

According to Bloomberg News, liquefied natural gas production has recently begun by Gazprom. The first amounts were produced at a facility situated on the coast of the Baltic Sea not far from the starting point of the closed Nord Stream pipeline.

Analysts' forecasts were fully justified: the Reserve Bank of Australia declared a new interest rate rise by 50 basis points. That is the fifth consecutive hike since May. The decision led to a seven-year rate maximum.

The day before, it became known that Liz Truss won the race for the Prime Minister post in Great Britain. She also succeeds Boris Johnson as the leader of the Conservative party after a long stand-off with Rishi Sunak, who previously served as the Minister of Finance.

Inflation in New Zealand peaked at 7.3% in the second quarter of the year.

According to Canadian consulting firm MWPVL International Inc., which monitors Amazon's presence in the real estate industry, the largest online retailer has decided to abandon dozens of existing and planned warehouses all over the United States.