US Shoppers Kick Off the Holiday Season With a Muted Black Friday

US Shoppers Kick Off the Holiday Season With a Muted Black Friday

Shoppers at Saks Fifth Avenue department store on Black Friday in New York, US, on Friday, Nov. 25, 2022. US retailers are bracing for a slower-than-normal Black Friday as high inflation and sagging consumer sentiment erode Americans’ demand for material goods. .

Pakistan Surprises With Steep Rate Hike to Stop Inflation Spiral

Pakistan Surprises With Steep Rate Hike to Stop Inflation Spiral

Street vendors set up outside closed stores in Karachi, Pakistan, on Sunday, Sept. 19, 2021. Pakistan’s central bank is expected to hold its key interest rate for a seventh straight meeting even as an economic recovery from the pandemic is fanning Asia’s fastest inflation. .

Charting the Global Economy: OECD Raises Inflation Forecast

Charting the Global Economy: OECD Raises Inflation Forecast

(Bloomberg) — Central banks around the world must be steadfast in their inflation fight even though economies will suffer as a result, the OECD said this week. The organization boosted its 2023 inflation estimates and said it expects price increases the following year to remain above the targets set by many global central banks. While … Read more

Apple’s Reliance on China Grows Perilous With Chaos in iPhone City

Apple’s Reliance on China Grows Perilous With Chaos in iPhone City

The daily Covid testing also proved to be flawed. As many as 20 workers’ throat swabs were put into one tube to speed testing and lower costs. If the results came back positive, all the workers whose samples were in that one tube were put into isolation for further testing. Those who worked on the … Read more

Truss, Johnson Join Rebellion Against Sunak for Onshore Wind

Truss, Johnson Join Rebellion Against Sunak for Onshore Wind

Wind turbines on the Bradwell Wind Farm, near to the decommissioned Bradwell nuclear power station, site of the planned Bradwell B project, in Bradwell-on-Sea, UK, on ​​Friday, Feb. 11, 2022. British regulators approved a Chinese-designed nuclear reactor that could be used at the plant in southeast England being developed by China General Nuclear Power Corp. … Read more

Credit Suisse Hits New Low as Investors Weigh Outflow Damage

Credit Suisse Hits New Low as Investors Weigh Outflow Damage

Rivals including UBS Group AG and Morgan Stanley are among the beneficiaries of that client exodus, Bloomberg reported Thursday, with both firms seeing significant new business in Asia, a major growth market for wealth management. UBS runs the largest private bank in Asia by assets, excluding onshore China, according to a 2021 ranking by Asian … Read more