China To Boost Economic Demand, Speed Up Infrastructure.
China will boost economic demand in a strong, reasonable and moderate manner; and accelerate infrastructure construction in the third quarter…
Day: August 16, 2022
Automakers Scramble To Decode New U.S. EV Tax Credits.
U.S. Automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers…
Apple Sets Sept 5 Deadline For Employees To Return To Office – Bloomberg.
Apple Inc (AAPL.O) has set a Sept. 5 deadline for corporate employees to return to office at least three days a week.…
Tencent Stops Sales On Its NFT Platform Huanhe A Year After Launch As Scrutiny Mounts.
Chinese internet giant Tencent Holdings’ (0700. HK) non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, as…
Exclusive: Tencent Plans To Divest Meituan Stake Worth $24 Billion.
China’s Tencent Holdings (0700. HK) plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan (3690.…
Sterling Barely Changed Following Conflicting Labor Market Statistics.
The British pound was little changed, having briefly fallen to its lowest level in over a week, after mixed data…
Inflation Creates Recession Anxiety, Lowering Investor Confidence In Germany.
German investor sentiment fell slightly in August on concerns the rising cost of living will hit private consumption, and suggesting…
Rouble Weakens Towards 62 vs Dollar, tocks up.
The rouble weakened towards 62 to the U.S. dollar, pressured by falling oil prices but supported by looming taxes; that…
Pandora Shares Fall On Disappointing U.S. Sales.
Jewellery maker Pandora (PNDORA. CO) reported disappointing second-quarter sales in the U.S. Market; prompting its shares to fall, but reaffirmed its annual…
South Africa Network Provider Rain To Submit Merger Proposal To Telkom In Due Course.
South Africa’s data-only network provider rain intends to submit a formal non-binding proposal to bigger rival Telkom (TKGJ. J) in due course,…
Cryptoverse: Electric Ether Leaps On Verge Of Merge.
It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take…
Russia Says ‘No Need’ To Use Nuclear Weapons In Ukraine.
Russia has “no need” to use nuclear weapons in Ukraine, its defence minister said; describing media speculation that Moscow might…
To Reduce Pollution, The United States Is Providing $1.66 Billion For New Buses.
The U.S. Transportation Department said it is awarding $1.66 billion in grants to cities and states to buy 1,800 buses…
Inflation Reduces Income While The UK’s Hot Labor Market Cools.
Britain’s super-hot labour market showed signs of cooling in official data published; as businesses became more cautious about hiring and…
Amid Concerns About A Recession, Stocks And Oil Prices Are Unsteady.
Stock markets struggled for direction as they grappled with worries over global growth; following weak Chinese and U.S. economic data…