sector

India's August Inflation Remains Below Central Bank's Target

3 months ago

In August 2024, inflation levels in India show a positive trend, staying below the central bank's target of 4%. According to official data, inflation stood at 3.99%, which is 0.8% lower than in July, where it was recorded at 4.8%. The decline in inflation is linked to decreasing food prices, indicating stability in the food sector and successful measures to control prices.

Zimbabwe: Mining Giants Seek $182 Million for Solar Projects

3 months ago

Leaders of Zimbabwe's largest mining companies have approached the government for funding of $182 million to implement solar energy projects. These initiatives aim to generate sustainable energy and reduce the country's dependence on traditional energy sources.

Bank of America Raises Minimum Wage to $24 per Hour

3 months ago

Bank of America has announced an increase in its minimum wage to $24 per hour as part of a plan to reach $25 per hour by next year. This significant raise is aimed at attracting and retaining talented employees in the current competitive labor market. Now, over 90% of the bank's employees will earn above this minimum threshold.

Israel Cuts Growth Forecast Due to Gaza Conflict

3 months ago

The Israeli Ministry of Finance has released a new economic growth forecast, revising it in light of the ongoing events related to the conflict in Gaza. According to the updated data, economic growth for the coming year is expected to be significantly lower than previously projected. The primary factors contributing to this drop include economic upheaval caused by military actions, which have led to decreased consumer activity and a slowdown in investments from both domestic and international businesses.

Central Bank Urges UBS to Increase Capital Levels for Financial Stability

3 months ago

The head of the Swiss National Bank (SNB) has stated that UBS should consider increasing its capital reserves. This warning was made in an interview published in the Swiss newspaper Neue Zürcher Zeitung (NZZ). This recommendation comes in light of recent challenges faced by the financial sector following the pandemic and various market turmoil.

ExxonMobil Launches First Carbon Capture Project on the Gulf Coast

3 months ago

ExxonMobil announced its plans to launch its first carbon capture project on the Gulf Coast in 2025. Located in Texas, this project is part of the company's strategy to reduce carbon emissions and combat climate change.

Logitech: Shareholders Confirm Chair Despite Ouster Campaign

3 months ago

Logitech shareholders at a recent meeting affirmed the chairperson's authority despite active efforts to remove her. This situation has sparked discussions within the manufacturing and technology communities, as many investors expressed dissatisfaction regarding the company's strategy and market behavior.

Italy Gets EU Nod to Extend Beach Licenses Until 2027

3 months ago

According to the latest reports, the European Union has approved Italy's request to extend beach management licenses until 2027. This decision marks a significant step for Italian entrepreneurs in the tourism and beach service sector, who have been relying on business stability for many years.

Economic Signals from China: Slowdown in Service Sector Growth

3 months ago

The Chinese services sector, an important indicator of the country's economic health, has shown signs of slowing growth, raising concerns about future implications for economic stability. Recent data revealed that the Purchasing Managers' Index (PMI) for services dropped to 51.5 in August from 54.1 in July. This figure, while still above the crucial 50 threshold, indicates a decline in activity in this sector.

S&P's Watch on New Zealand's Current Account Deficit and Weak Economy

3 months ago

Standard & Poor's (S&P) has expressed concern regarding the growing current account deficit in New Zealand, which has become a primary factor that could impact the country's credit rating. According to recent data, the current account deficit has reached record levels, raising additional worries among international investors. Economists emphasize that such a deficit may indicate a lack of economic resources and a dependence on foreign investments.