UK Retail Sales For October Plunge
On Friday, Britain’s Office of National Statistics (ONS) reported that in October, UK retail sales fell unexpectedly, as the volume of goods sold in retail establishments and online dropped 0.3%…
BYD Introduces New Tesla-Killer SUV
On Monday, the South China Morning Post reported that in an effort to compete with Tesla and its Shanghai-made Model Y SUV, Chinese electric vehicle maker BYD has launched a…
Argentina’s New President Promises “Shock Therapy”
Bloomberg news reported that Argentina’s new President, Javier Milei, has promised to inflict “shock therapy” on the nation in an effort to fix its beleaguered economy, which has been afflicted…
Oxfam Study – Bottom 99% Of Earners Need 1,500 Years To Produce Carbon Pollution A 1%’er Does In A Year
A new report by anti-poverty charity Oxfam has found that the richest 1% of the world’s population was responsible for more carbon pollution in 2019 than the poorest 66%. The…
Germany Freezes Green Funding After High Court Ruling
On Tuesday, Bloomberg reported that the top court in Germany has banned the use of pandemic related funding to finance green initiatives, forcing the German Finance Ministry to impose an…
Russia’s Gazprom Tops Forbes’ List Of Top Russian Investors
On Monday, Forbes revealed that Russian energy major Gazprom came in as the biggest investor in Russia for the second consecutive year. By capital expenditure, Gazprom bested Russia’s 30 largest…
Stellantis Inks Deal With Chinese Battery Giant CATL For EV Batteries In Europe
On Tuesday, Stellantis announced it had signed a preliminary agreement with Chinese EV battery giant CATL for the supply of battery cells and modules for the production of the automaker’s…
Oil Holds Near-Term Gains As OPEC+ Meeting Looms
Oil held on to most of the gains it made over the previous two days, off speculation that the next OPEC+ meeting could result in deeper supply cuts this coming…
Argentina Will Not Join BRICS In January
Sputnik Brazil reported that Diana Mondino, senior economic adviser to the country’s president-elect, Javier Milei, said on Monday that Argentina is not planning to join the BRICS alliance of developing…
Russia And China Nearly Complete De-Dollarization
On Monday, Russian First Deputy Prime Minister Andrey Belousov announced that Russia and China have now nearly completely phased out the use of all Western currencies in trade between the…
