Newsletter
German import prices are rising faster than they have been in 40 years
German import prices rose last month more than they have been in 40 years, driven by a surge in oil and gas prices, and bottlenecks in the supply chain for raw materials continued to worsen, suggesting a further rise in prices for consumers.
OPEC + adheres to plan to gradually increase oil production, price continues to rise
OPEC + said Monday that it would stick to an existing agreement to gradually increase oil production, propelling crude oil prices to three-year highs and adding inflationary pressures that consumer countries fear will ruin economic recovery from the pandemic …
China Evergrande agrees to sell 20% of the shares
China Evergrande Group (HK: 3333) has agreed to give a 20% stake in Shengjing Bank Co Ltd (HK: 2066) for CNY 10 billion ($ 1.54 billion) to the local government of Shenyang Selling.
Cannabis use at universities increases with decreasing alcohol consumption
Marijuana use among college students is on the rise. Alcohol consumption is falling. This is according to a recent study by the Institute for Social Research at the University of Michigan. Jack Reid is investigating why.
The range of Lucid vehicles is greater than that of Tesla
The US startup Lucid Group Inc. announced on Tuesday that it will start delivering luxury electric sedans with a range that exceeds that of Tesla at the end of October, making it a major challenge for the market leader, selling premium models stagnates.
China calls for improvement in coal transport
China's top economic planner on Wednesday said rail companies and local authorities should step up coal transportation in key areas, including the northeast region, and ensure stable supplies for power generation.
EU lawmakers reject attempts to block green investment rules
Members of the European Parliament on Monday rejected three attempts by some legislators to block the European Union's proposed sustainable investment regime as Brussels is close to finalizing the first part of the groundbreaking rules.
Aurora Cannabis aims to further reduce costs on the path to profitability
Aurora Cannabis (NASDAQ: ACB) Inc.'s chief executive, Miguel Martin, expects the company to be profitable on a core basis in the first half of 2023, backed by cost savings of C $ 60-80 million.
Rising bond yields cause Wall Street to collapse
Wall Street stocks closed significantly lower on Tuesday in a broad sell-off triggered by rising US Treasury yields, mounting concerns over sustained inflation and controversial Washington debt ceiling negotiations.
Shale gas from the USA cannot help Europe
If there is one country that could have saved Europe from its energy crisis, it is the US - home to huge shale gas fields with seemingly infinite supplies of natural gas and gigantic terminals capable of supplying the gas liquefy and transport abroad.