US dollar battered after softer US inflation data, USD/JPY plummets into daily cloud
Aug 10, 2022 13:14 pm UTC| Technicals Economy
Chart - Courtesy Trading View Data released by the Bureau of Labour Statistics earlier on Wednesday showed that the headline US CPI remained flat in July against the 0.2% rise anticipated. The yearly rate...
Ferrari recalls most of its vehicles sold since 2005
Aug 10, 2022 11:52 am UTC| Business Economy
Ferrari, the Italian luxury sports car maker headquartered in Maranello, Italy, announced that it would be recalling most of the units it sold since 2005. This is 17 years worth of luxury vehicles, so the number will reach...
Puma, Coca-Cola partner to release nostalgic clothing and footwear collection
Aug 10, 2022 11:04 am UTC| Business Economy
Puma announced that it has teamed up with Coca-Cola to release an array of footwear and clothing items this year. The company said that the collection would bring nostalgia as the designs and colors are retro. The Puma...
Domino’s Pizza withdraws business in Italy after seven years and Italians applauded
Aug 10, 2022 10:42 am UTC| Business Economy
Dominos Pizza, the American pizza restaurant chain established in 1960, is leaving Italy. The company is pulling out of the country after seven years of operation there. It was reported that Dominos Pizza made the...
Aug 10, 2022 08:53 am UTC| Business Economy
Luckin Coffee, the Chinese coffee company and coffeehouse chain that was founded in Beijing in 2017, is planning more store expansions. It is also mulling on making a comeback in the U.S. market after being forced to...
Lotte Chilsung to collaborate with startups to develop vegan beverages
Aug 10, 2022 08:30 am UTC| Business Economy
Lotte Chilsung Beverage Co., a leading beverage producer in South Korea, revealed that it would be teaming up with startups to develop and manufacture various vegan or plant-based drinks. The company is the beverage arm of...
China-US tensions: how global trade began splitting into two blocs
Aug 10, 2022 01:25 am UTC| Economy
Speaker Nancy Pelosis visit to Taiwan has elicited a strong response from China: three days of simulated attack on Taiwan with further drills announced, plus a withdrawal from critical ongoing conversations with the US on...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects