UAW Workers Vote To Authorize Strike At Big Three
The union which represents the 150,000 workers employed by the Big Three US automakers, General Motors, Ford, and Stellantis, has announced its workers have voted to authorize a strike if…
Rite Aid To File For Bankruptcy
According to a new report in the Wall Street Journal on Friday, Rite Aid Corp (RAD.N) in making preparations to file for bankruptcy in the coming weeks, as the company…
British Energy Regulator Predicts High Energy Costs This Winter
British energy regulator Ofgem has released an analysis showing that UK households are facing the prospect of high energy costs this winter heating season, even in spite of the energy…
ECB Head Explains Central Bank’s Inflation Policy
Speaking at the annual conference of central bankers in Jackson Hole, Wyoming on Friday, European Central Bank (ECB) President Christine Lagarde said that in the EU, interest rates will be…
Moscow Economy Grew 20% Over Five Years
According to the Deputy Mayor for Economic Policy of Moscow, Vladimir Efimov, the economy of the Russian capitol has grown by nearly a fifth over the past five years, even…
China Grows More Prominent On Global LNG Market
In a report this week, Reuters revealed that Chinese liquified natural gas (LNG) importers have been signing new contracts with suppliers on the world market in an effort to increase…
Poland Sees Bankruptcies Skyrocket
According to a report in the Rzeczpospolita news outlet on Monday citing data from business intelligence agency Dun and Bradstreet, Poland is seeing the number of bankruptcy declarations in the…
Türkiye Enacts Massive Interest Rate Hike
On Thursday, the Turkish central bank hiked its benchmark interest rate by 7.5 percentage points on Thursday to 25%, as the nation looks to begin to rein in its spiraling…
BRICS To Shake Up Global Oil Market Control
On Thursday, the InfoTech news outlet published an analysis which shows the power balance in the global energy market is on course to shift markedly due to the BRICS group…
Russia Increases Costs For Companies Exiting Its Market
On Friday, Reuters reported that the costs for companies looking to exit Russia due to sanctions or political pressures are increasing, as Moscow has begun demanding that they increase the…
