Tag: Economy
US President Joe Biden Has Criticized Oil And Gas Companies For Reaping Big Profits
U.S. rivals Chevron and ExxonMobil have reported profits in the region of $70 billion this year, nearly tripling from 2021. Biden said Monday that record profits were "a fluke from the brutal conflict that rages on “. Injuring tens of thousands of people...
Declining Huawei Under US Sanctions As Revenues Improve
Profit fell 42.45% to 26.75 billion yuan in the same period, according to Reuters calculations, a decline that a company spokesman attributed to investments in research and development and new business areas. Revenue in the third quarter alone reached 14...
New UK Treasury Jeremy Hunt And Policy
Jeremy Hunt was drafted in to lead the Treasury after Truss sacked Kwasi Kwarteng amid rising pressure following the turbulent market reaction to the new administration's 'mini-budget'
French Refinery Strikes Continue And May Spread
The demonstration against the rising cost of living on Sunday was called by the left-wing political opposition and led by the head of the France Unbowed (LFI) party, Jean-Luc Melenchon
Chinese Economy Sees Progress And Prosperity Under Xi’s Control
Chinese President Xi Jinping is presiding over a new era that prioritises political control over economic development.
Cameroon And Nigeria Want To Join CIGCI
If Cameroon and Nigeria join, the initiative will represent about two-thirds of global cocoa production.
World Bank Says $17 trillion Is Needed In China To Meet Climate Goals
Climate change poses a significant threat to China, especially for its teeming, economically critical coastal cities.
SpaceX to take tourist Dennis Tito on Starship
Tito’s wife plans to join him on the weeklong trip, but the launch date has yet to be determined.
How Strong Is US Economy Now, Is Recession Coming
The US is facing rising recession fears even as economic indicators point to mixed signals.
Rumors Or Truth Gorillas Maybe For Sale
The rumor has been around for weeks: gorillas are about to be sold. At the...
2022 Nobel Prize in Economics, Ben Bernanke, Douglas Diamond and Philip Dybvig
Winners are Ben Bernanke, Douglas Diamond and Philip Dybvig
US Treasury Secretary Janet Yellen Says OPEC Oil Cuts Unhelpful And Unwise
Financial Times interviews US Treasury Secretary Janet Yellen
Younger Americans Struggle to Afford Dream of Home Ownership
Elevated housing prices and skyrocketing interest rates exclude many from the housing market
Workers of South Africa’s Freight And Rail Operator Transnet commenced Commence Strike Over Pay
South Africa’s freight and rail operator Transnet called on strikers to ‘consider the long-term consequences’.
The Number Of Americans Filing New Claims For Unemployment Benefits Increased
The United States labour market remains tight even as demand for labour cools as interest rates climb.