Millions of people like to bake cheesecakes for Christmas. However, this year not everyone will be able to bake cheesecake for the holiday season due to one very interesting reason. As many people already know Kraft is struggling to make cream cheese. The company decided to cope with this issue in an unusual way. The …
Germany has the largest economy in Europe, and the country has retained the status of Europe’s most powerful economy for a long time. Still, its economy is teetering on the brink of recession this winter due to various reasons. The country’s economy will shrink 0.5% in the fourth quarter of 2021, compared with the year’s …
It is getting harder and harder to maintain its zero-Covid policy, but the People’s Republic of China is not willing to change its position regarding the pandemic. More precisely, on Monday, mainland China reported its first case of the omicron Covid variant. The first patient with the omicron variant is a person who returned to …
China is Not Willing to Abandon its Covid-19 Policy Read More »
In the third quarter, labor productivity dropped at the fastest rate in a long time according to a Labor Department report. Importantly, in a measure of output versus energy, nonfarm business sector productivity dropped 5.2% from the previous three-month period. The result surpassed expectations. The labor productivity rate dropped at the fastest pace since the …
Labor Productivity Rate Fell at the Fastest Pace in Decades Read More »
Real estate companies in China have to cope with various issues on a daily basis. Financial distress among the country’s real estate companies came to the forefront in the last several months as China Evergrande Group and other developers struggled to deal with financial problems. The state of the country’s property sectors is far from …
Fresh vegetable prices in the world’s second-largest economy jumped by 30.6% in November from a year ago. Notably, the gains followed a 15.9% year-on-year rise in October. The price of fresh vegetables increased in China as floods and other extreme weather in recent months affected farms. According to the National Bureau of Statistics, the supply …
Inflation is a severe issue in every country, and the world’s largest economy is not an exception. Currently, the United States is in the midst of the most significant spike in inflation in a long time, according to data provided by the Department of Labor. Prices for various consumer goods jumped 6.2% between October 2020 …
China Evergrande Group has to cope with numerous issues on a daily basis. The company is again on the brink of default. Unfortunately, some offshore bondholders of China Evergrande Group did not receive coupon payments by the end of a 30-day period. Several days ago, the company made it clear that it was struggling to …
China Evergrande Group is on the Brink of Default Read More »
The world’s largest economy created far fewer jobs than expected in November, in a sign that hiring started to slow even ahead of the new Covid variant. In November, nonfarm payrolls rose by just 210,000 according to the data provided by the Labor Department. Hopefully, the unemployment rate dropped sharply to 4.2% from 4.6%. The …
The coronavirus pandemic is not over yet, so companies are beginning to consider different permanent work models for their employees. The Omicron variant once more highlighted the severity of the problem. The World Health Organization (WHO) said the Omicron variant carries a “very high” global risk of surges. It could take weeks to analyze the …
How Companies Are Trying to Cope With Coronavirus Read More »
Before news about the Omicron COVID variant hit, CEOs seemed to have thought economic recovery was nigh. Business Roundtable’s survey revealed that most thought they would see improvements within the next six months. The primary drivers behind these hopes were growths in major areas that show how people participate in the economy. Hiring, capital investments, …
CEOs Were Optimistic About Economic Recovery Before Omicron Read More »
Nissan Motor Co plans to spend 2 trillion yen ($17.59 billion) over five years as it wants to compete with Tesla and Toyota. For the first time in its history, Nissan unveiled a comprehensive electrification plan. Japan’s No.3 automaker plans to spend twice as much as it did in the previous decade for a share …
How Nissan Plans to Compete with Tesla and Toyota Read More »
Germany and other European countries are trying to reduce the number of new Covid-19 cases. In Germany, more than 100,000 people lost their lives due to the Covid-19. In spite of all problems, the country’s new incoming coalition government is not ready to introduce strict measures. On Thursday, the country reported a massive number of …
Germany is not Ready to Announce Another Lockdown Read More »
For a long time, China Evergrande Group and its problems dominated the headlines. However, China Evergrande Group is not alone, as another real estate developer Kaisa is also struggling to cope with issues. The company announced on Thursday plans for paying back investors, temporarily alleviating concerns about default as the country’s property sector continues to …
Kaisa is Trying to Avoid the Worst-Case Scenario Read More »
The South Korean tech giant is planning to build a semiconductor factory in Taylor near Austin, Texas. Samsung plans to construct a $17 billion semiconductor factory as part of an effort to increase its manufacturing capacity and alleviate the global chip shortage. The company announced its 5 million square meter facility on Tuesday. The purpose …
Samsung is Willing to Invest Billions in New Factory Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
