The UK’s unemployment rate rose to 4.2% in the three months to September, according to the latest official data released on Tuesday. However, analysts have...
Kim Kardashian Launches Skims for Men with Star Athletes
Kim Kardashian, the reality TV star and entrepreneur, has announced a new venture for her shapewear brand Skims: a line of products for men. The...
Hyundai and Saudi Arabia to build first South Korean car plant in the Middle East
South Korea’s Hyundai Motor Group has agreed to build a car plant in Saudi Arabia jointly with the Public Investment Fund (PIF), Saudi Arabia’s sovereign...
Toyota urges India to slash taxes on hybrid cars
Japan’s Toyota Motor, the world’s largest carmaker, is lobbying the Indian government to cut taxes on hybrid vehicles by as much as one-fifth, arguing they...
Tesla’s Bitcoin Holdings Remain Unchanged Despite Market Volatility
Tesla, the electric vehicle giant led by Elon Musk, has revealed in its latest quarterly earnings report that it still holds 9,720 bitcoin on its...
South Africa to briefly reclaim its position as Africa’s largest economy in 2024, says IMF
South Africa, the most industrialized nation in Africa, is expected to surpass Nigeria and Egypt as the continent’s largest economy in 2024, according to the...
Chinese Builder Country Garden Faces First Default as Bond Payment Looms
Country Garden Holdings Co., one of the most indebted property developers in the world, has not made any public statement about its overdue bond interest...
How the pandemic has changed Japan’s consumption patterns
Japan’s economy, which relies heavily on domestic consumption, has been hit hard by the Covid-19 pandemic. The changes in how people live and work have...
Greece’s credit rating improves as Italy faces downgrade
Greece’s credit rating has been upgraded by one of the major rating agencies, while Italy’s rating has been lowered amid political and economic uncertainty. This...
How inflation affects retail sales in the US
Retail sales in the US increased by 0.7% in September, beating the expectations of economists and showing the resilience of consumers amid rising prices and...
Canada’s inflation rate cools down to 3.8% in September
Canada’s annual inflation rate eased to 3.8% in September, down from 4.0% in August, according to Statistics Canada. The decline was mainly due to lower...
Malaysia’s palm oil export tax remains unchanged for November
Malaysia, the world’s second-largest palm oil exporter, has announced that it will keep its export tax for crude palm oil (CPO) at 8% for November....
The Rising Cost of Bulgarian Rose Oil and Its Impact on the Perfume Industry
Bulgarian rose oil is one of the most sought-after ingredients in the world of perfumery. It is extracted from the petals of the damask rose,...
Singapore’s Economic Outlook Brightens Amid Global Uncertainty
Singapore, the city-state that is closely linked to the global economy, has given some hope to the economic optimists with its latest central bank report....
GM Workers in Canada Approve New Contract After Brief Strike
Canadian autoworkers have voted to ratify a three-year contract agreement with General Motors. Members of Unifor, the union representing about 4,300 Canadian workers at three...
Gold price retreats from three-week peak amid profit-booking and rising yields
Gold price started the new week on a negative note and gave up some of its gains from Friday, when it reached a three-week high...