Nordic Central Banks Join The 50 Bps Rate Hike Club
LONDON (Reuters) – Norway and Sweden have joined the ranks of central banks opting for 50 basis-point interest rate rises,…
July 1, 2022
GM Outsells Toyota In Q2 As Inventory Shortages Linger
By Abhijith Ganapavaram (Reuters) -General Motors Co surpassed Toyota Motor Corp in second-quarter U.S. car sales, data on Friday showed,…
Holiday-travel chaos: Airlines brace for huge weekend crowds
The July Fourth holiday weekend is off to a booming start with airport crowds crushing the numbers seen in 2019,…
Chip shortage leaves 95K GM vehicles unfinished in storage
DETROIT (AP) — The global shortage of computer chips and other parts forced General Motors to build 95,000 vehicles without…
Downturn Fears Support Dollar, Aussie Slumps To Two-year Low
By Iain Withers LONDON (Reuters) – Gathering gloom about prospects for the global economy lifted the safe-haven dollar on Friday…
Kohl’s sale falls apart in shaky retail environment
SILVER SPRING, Md. (AP) — The potential sale of the Kohl’s department store chain has fallen apart in a shaky…
Second Half Starts With Fresh Swings For Stocks
By Marc Jones LONDON (Reuters) – The second half of the year started with more volatility for global stocks on…
Factory Growth Feeble In June, Feeding Global Recession Fears
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -Global factory growth stalled in June as higher prices and a darker…
Volvo to build $1.25 billion electric car plant in Slovakia
BRATISLAVA, Slovakia (AP) — Swedish luxury vehicle maker Volvo Cars plans to build a new European plant in eastern Slovakia,…
Ex-Alibaba employee says ex-boss should be charged with rape
TAIPEI, Taiwan (AP) — A former employee of Chinese e-commerce giant Alibaba has accused her then-manager of trying to rape…