Browsing Category
Business
OPEC Weakens Market Expectations Despite High Oil Prices
Oil prices have reached their highest level in years this week, yet OPEC is more cautious in estimating demand for the commodity.
The oil country cartel estimates the total need in 2021 is lower than previously estimated. At the…
US Job Growth Much Weaker Than Expected in September
Employment in the United States grew much less than expected in September. According to the US Department of Labor, employment increased by 194,000. Economists had expected average growth of 500,000 new jobs in the world's largest economy.…
Deal Between Democrats and Republicans on US Debt Ceiling
Democrats and Republicans in the US Senate have reached an agreement on the level of the US government debt ceiling. That ceiling is now being raised until December, as the Republicans had proposed.
Senate Democratic leader Chuck…
IMF Thinks Inflation will Rise Further This Year and Then Weaken
Inflation, which has been rising for some time in many countries, is likely to peak sometime in the coming months. Thereafter, the increase in the overall price level will return to a more normal level, the International Monetary Fund (IMF)…
Record Number of Sales Boosts Tesla Stock on Wall Street
Tesla stock was a striking winner at the opening of trading in New York on Monday. This weekend, the carmaker announced that a record number of 241,300 cars had been delivered in the third quarter.
This meant an annual increase of…
Nikkei Slightly Lower After Chinese Industry Contraction
The stock market in Tokyo fell slightly on Thursday. Investors processed, among other things, an unexpected contraction in the Chinese industry.
There was also a reaction to the news that the Japanese former foreign minister Fumio…
UK Petrol Crisis Continues: Johnson Considers Deploying Military for Supplies
Britons have not yet stopped hoarding petrol. Something the government called for yesterday. Oil company BP has announced that a third of their pumps are approaching the end of the supply of petrol. So Boris Johnson considers deploying…
World Trade Declines Due to Lower Import and Export from China
Globally, less was traded in July than a year earlier. According to the monthly World Trade Monitor, according to the Central Planning Bureau (CPB), trade volume decreased by 0.9 percent compared to June.
In June, 0.7 percent more…
Container Carriers and Chip Companies Drive Japanese Stock Market
The Tokyo stock exchange closed with a small profit on Friday. The Japanese sea transport companies, in particular, did very well in the hopes of a strong economic recovery from the corona crisis and an increase in profit expectations by…
World Economic Forum Back in Davos Next Year
The World Economic Forum (WEF) will be held again in Davos, Switzerland in January 2022. The organization behind the international summit announced this.
The summit was cancelled this year due to the ongoing corona pandemic.…