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Asia’s Coconut Oil Crunch Turns a Kitchen Staple into a Global Pressure Point 08/20/2025

Banks and markets push back as global crypto rules risk shutting lenders out 08/20/2025

Tesla may refuse producing new Model Y L in the U.S. 08/22/2025

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Economics

Lufthansa hires employees, expects profit by the end of 2022

Lufthansa released the second quarter's earnings. Its sales, which came to €8.5 billion, more than tripled from the same time in 2021. Compared to a deficit of €756 million a year earlier, Lufthansa had a net profit of €259 million at the conclusion of the third quarter. The airline's successful...

Italy approves €14.3B program to fight inflation

A new program worth approximately €14.3 billion ($14.5 billion) has been approved by Italy on Thursday in order to shield businesses and individuals from rising energy and consumer goods prices. Prior to the scheduled national elections in September, the program was the most recent action taken by...

LIBOR rate hits the highest since 2008

The three-month interbank lending rate LIBOR jumped by 2.5 basis points, to 2.83 percent, reaching a record high since 2008, the height of the global financial crisis. According to experts, the reason for this traders’ readiness for a gradual increase in the Federal Reserve System's (FRS) key rate...

Worldwide Volatility Threats Posed As US Considers Fresh China Semiconductor Tariffs

Experts argue that the export restrictions being explored by Washington to impede China's progress in semiconductor manufacturing could come at a high cost, potentially upsetting delicate global chip supply networks and harming US industries. According to Reuters, the US is considering...

Russian Services Sector Experienced Highest Output Growth In Over A Year, Shows PMI Data

According to a business poll released on Wednesday, Russia's services industry rose at its highest rate in more than a year in July, as strong domestic demand outpaced declining export orders for Russia's increasingly isolated industries. The S&P Global Purchasing Managers' Index (PMI)...

BP ends Q2 with the highest profit in 14 years

The second quarter's $8.45 billion profit for BP was a 14-year record. The second quarter's $8.45 billion in earnings, the biggest in 14 years, were announced by BP. The company also increased its payout by 10% as a result of rising refining margins and energy prices. BP's earnings excluding...

China notes slowdown in PMI in July

According to data issued on Sunday by China's State Statistics Office, the country's business activity index (PMI) for the industrial sector dropped to 49 points in July. Compared to 50.2 in June, the indicator decreased by 1.2 percentage points. A PMI value above 50 points indicates an increase in...

According To A Poll, UK Firms Forecast Little Growth In The Next Three Months

A monthly survey released on Sunday revealed that British firms do not expect any growth in the next three months as rising living costs constrain consumer demand. The Confederation of British Industry (CBI) said that members had above-average growth in the three months to the end of July,...

As Covid Flares Up, China's Industry Activity Unexpectedly Declines In July

According to a poll released on Sunday, China's manufacturing activity fell sharply in July after rebounding from COVID-19 lockdowns the month before, as new viral outbreaks and a bleak global outlook weighed on demand. The official manufacturing purchasing managers' Index (PMI) fell to...

IMF raises global inflation forecast-2022 to 8.3%

According to the International Monetary Fund, global inflation will be 8.3 percent this year and 5.7 percent next year, respectively. In both instances, the projection was up 0.9% percentage points from the April data. Rising energy and food costs, as well as the ongoing supply and demand...