Central Banks Buying Gold At Record Pace
The World Gold Council has released its Gold Demand Trends report for the third quarter of the year and it shows that between January and September of 2023, central banks…
Bloomberg: UK Likely Already In Recession
On Monday, Bloomberg issued an analysis finding the UK has likely already entered a recession as interest rates have soared and unemployment has accelerated. According to the report by Bloomberg…
Eurozone May Be About To Enter Recession
A new report by S&P Global released Monday showed the Eurozone economy contracted at the fastest pace in almost three years in October, as demand across the bloc deteriorated. There…
Bayer To Slash Management Layers, May Split Up – CEO
On Wednesday, Bayer announced that it was exploring splitting off either the diversified group’s Consumer Health or Crop Science divisions, however it ruled out performing a three-way split. In a…
Nintendo Boosts Profit Forecast As Switch Continues To Sell
On Tuesday, Nintendo upgraded its operating profit forecast 11% to 500 billion yen ($3.32 billion) for the financial year ending in March, as the veteran Switch console continues to attract…
IMF Upgrades China’s GDP Growth Forecast
On Tuesday, pointing to a “strong” post-COVID-19 recovery, the International Monetary Fund upgraded its 2023 gross domestic product growth forecast for China to 5.4% from 5%, however it said the…
Germany’s SPD Party Goes All In On Redistribution Of Wealth
On Monday, the RND news outlet reported that Chancellor Olaf Scholz’s Social Democrats (SPD), the ruling party in Germany, has prepared an initiative which would restructure the economy in an…
Canada Sees Economy Heading For Slowdown
According to the Canadian government’s statistics office, the Canadian economy was flat in August, and likely slipped into a shallow contraction in the third quarter. Analysts attribute the slowdown to…
Russian Energy Company Rosatom Preparing Hydrogen Export Operations
Russian state-run energy company Rosatom has announced it may be able to begin supplying clean hydrogen energy to the global market by the end of the decade, with a ready…
Musk Makes Grok AI Available To X Premium+ Users
On Sunday, in a post to his social media platform “X,” Elon Musk said that his new artificial intelligence startup xAI will be integrated into the platform X, however it…
