US Consumer Long-Term Inflation Expectations Hit 12-Year High
US long-term inflation expectations unexpectedly accelerated in early May to a 12-year high and consumer sentiment soured, reflecting
2023-05-12 22:24
Germany Backs Northvolt Plant in Boost for Europe’s EV Aims
Germany has pledged roughly €1 billion ($1.1 billion) in state support to Europe’s main battery maker Northvolt AB
2023-05-12 21:25
Why Mother's Day is the most hated day in the restaurant industry
From big groups that show up in waves ("most of us are here!"), to food-fussy kids and grandmas to splitting the check dramas, restaurants hate this holiday. This year is expected to be particularly challenging as high inflation and rising menu prices give some restaurant-goers an extra sense of entitlement.
2023-05-12 20:49
Singapore Extends MAS Chief Menon’s Term For Up to Two Years
Singapore extended the term of its central bank chief Ravi Menon by up to two years. The re-appointment
2023-05-12 20:18
Vietnam Tycoon’s EV Arm VinFast Inks $23 Billion SPAC Deal
VinFast, an electric vehicle maker founded by Vietnam’s richest person, is going public through a merger with blank-check
2023-05-12 19:57
Music Streaming Has a $2 Billion Fraud Problem That Goes Beyond AI
Staring at his computer screen, Kristoffer Rom couldn’t believe the numbers rolling in from Spotify. A year and
2023-05-12 19:26
Tencent-Backed Sea’s 112% Rally Has Reasons to Run
Sea Ltd. shares have more than doubled since November, boosting optimism that the tech conglomerate is on the
2023-05-12 17:53
UBS CEO: Credit Suisse no longer seeing outflows
LUCERNE, Switzerland (Reuters) -UBS Chief Executive Sergio Ermotti said on Friday that the situation at Credit Suisse has stabilized and
2023-05-12 16:56
ECB May Need to Tighten Further After the Summer, Nagel Says
The European Central Bank may have to continue raising borrowing costs beyond the summer, according to Governing Council
2023-05-12 16:24
Tesla Recalls 1.1 Million Cars in China Over Braking Defect
Tesla Inc. will need to fix almost every car it’s ever sold in China due to an issue
2023-05-12 16:00
Nissan Shares Rise After Profit Outlook Tops Estimates
Nissan Motor Co. shares rose the most in almost a year after the carmaker raised its operating profit
2023-05-12 13:55
Malaysia Economy Grows Faster Than Expected Amid Global Slowdown
Malaysia’s economic growth beat expectations in the first quarter of the year, with robust domestic demand justifying the
2023-05-12 12:18