UK To See Wage Growth Fall
The Chartered Institute of Personnel and Development (CIPD) has released a new analysis showing that UK workers will not be receiving as much of a salary increase this year as…
AP Moller-Maersk Warns Red Sea Shipping Crisis May Last Into Latter Part Of Year
CNBC reported this week that AP Moller-Maersk, a major Danish shipping company, is telling its customers to brace for a protracted Red Sea crisis that may last well into the…
Korean Banks Poised To Endure $749 Million In Losses On Overseas Commercial Real Estate
Five major financial firms in South Korea have invested 20 trillion won in foreign real estate, and an opposition party senator estimates that they have lost almost 1 trillion won…
Citi Predicts No Soft Landing, US In Recession In Middle Of 2024
The US economy is expected to enter a recession in the middle of 2024, according to Citi, ending the dream of a soft landing. Andrew Hollenhorst, the top US economist…
JGBs Offer No Market Clues As Rates Remain Mostly Flat
As investors searched for signs to move markets both domestically and internationally, particularly with the U.S. markets closed for a public holiday, Japan’s government bond (JGB) yields were essentially unchanged…
European Parliament Member Complains Of Skimpflation
A member of the European Parliament from Croatia, Biljana Borzan, warned this week that “skimpflation” is causing the quality of goods and services to decline throughout the EU. The phrase…
Shell Predicts 50% Increase In Global LNG Demand
According to the LNG Outlook 2024 report, which was released this week by British energy giant Shell, the world’s demand for liquefied natural gas will rise by more than 50%…
China’s First Domestically Produced Airliner Makes Debut
With a fly-by at the Singapore Airshow on Sunday, China’s narrow-body C919 passenger jet, produced by the Commercial Aircraft Corporation of China (COMAC), achieved its first international flight. The aircraft…
2024 Has Been A Boon To Super Micro
Nvidia, Microsoft, Alphabet, and other tech giants of the remaining members of the “Magnificent Seven,” last year set in motion the age of artificial intelligence. Markets changed rapidly as a…
Intel In Line For Over $10 Billion In Incentives From Chips Act
In an effort to reintroduce semiconductor manufacturing to the United States, the Biden administration is reportedly in discussions to grant Intel Corp. subsidies totaling more than $10 billion, according to…
