UK Inflation Tops 10%, Highest Since 1982.
British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of…
Month: August 2022
Exclusive: BMW Will Receive Huge Cylindrical Batteries From China’s EVE In Europe.
China’s EVE Energy Co Ltd (300014. SZ) will supply BMW (BMWG. DE) with large cylindrical batteries for its electric cars in Europe, two people…
Biden Signs The Inflation Act.
President Joe Biden signed into law a $430 billion bill that is the biggest climate package in U.S. History, designed…
Russian Stocks Rise As The Rouble Reaches A One-Week High Against The Euro.
The Russian rouble strengthened to a one-week high against the euro, boosted by upcoming tax payments; that usually boost demand…
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…
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…
Dutch Detain Suspected Developer Of Crypto Mixer Tornado Cash
Dutch authorities said they had arrested a 29-year-old man believed to be a developer for the crypto mixing service Tornado…
Australian Court Orders Google To Pay $43 Million For Misleading Users.
Australia’s competition watchdog said on Friday that Alphabet Inc’s (GOOGL. O) Google unit was by the country’s Federal Court to pay A$60…
Sterling Falls Vs Dollar As Focus Turns To UK Data.
The British pound fell against a broadly stronger dollar at the start of a week where traders and the Bank…
FG Borrows N2.45tn From CBN Amid Fiscal Risks-Nigeria.
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn in…
Aegon Leads Gains Among Insurers.
European shares edged higher after a strong rally in the previous session on signs of U.S. inflation cooling, while Aegon…
Nigeria’s Banking Sector Leads, Attracts $1.47 Billion Foreign Inflows In Six Months.
The Nigerian banking industry attracted $1.47 billion as capital inflows in the first half of 2022, an increase of 109.8%…
What Crypto Assets Investors Are Buying In August Amid Ongoing Bullish Rally.
The actions of a certain group of investors in the crypto market have shown where they are putting their funds;…
Ether Trades At $1,900 On The Success Of Goerli Testnet Merge.
Ether, the native token of the Ethereum blockchain, is leading the altcoin rally in the London session; as it is…
Ghana’s Inflation Rate Rises To 31.7% In July 2022.
Ghana’s inflation rate rose further in the month of July 2022 after the headline rate surged to 31.7%; from 29.8%…
Coinbase Posts $1.1 Billion Loss In Q2 2022, Worst Since Listing On NASDAQ.
Citing “fast and furious” downturn of the crypto markets, Coinbase, one of the largest cryptocurrency exchanges; in the world by…
Iranian Government Makes First Crypto Payment For Imports Worth $10 Million.
The Iranian government has registered its first import order, to the tune of $10 million; Iran opted to this payment…