Oil futures contracts recorded gains on Thursday (8). The commodity recouped some of the losses of more than 5% from the previous session, with investors watching for signs of monetary policy on both sides of the Atlantic. In the sector, oil inventories in the US grew well above forecast in the last week. October WTI […]
Joe
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
“We need to act tough on inflation now,” says Fed chairman
Federal Reserve Chairman Jerome Powell reinforced the monetary authority’s focus on controlling prices in the world’s largest economy and returning inflation to the 2% target. “We need to act now firmly, strongly as we have been doing and we need to keep up this work on controlling inflation until they are done,” he said in […]
Price of war: UK and EU spend $500 billion on energy subsidies
Britain on Thursday confirmed plans to subsidize energy bills for homes and businesses, joining other European governments in an expensive race to protect their economies from freezing this winter as Russia cuts gas supplies. . The UK plan could cost up to 150 billion pounds ($172 billion), analysts said. Add that to similar recent announcements […]
Price of war: EU and UK estimate US$500 billion in energy subsidies
Britain on Thursday confirmed plans to subsidize energy bills for homes and businesses, joining other European governments in an expensive race to protect their economies from freezing this winter as Russia cuts gas supplies. . The UK plan could cost up to 150 billion pounds ($172 billion), analysts said. Add that to similar recent announcements […]
Food sales grow 8% in July year on year, survey shows
A monthly survey by the Brazilian Association of Supermarkets (ABRAS), released this Thursday (8), points out that in July, food consumption in Brazilian homes increased by 8.02%, compared to the same month last year. Compared to June this year, the increase was 7.75%. In 2022, consumption in homes accumulates a high of 2.57%. According to […]
Tougher ECB could help Brazil’s inflation drop, analysts say
The decision of the European Central Bank (ECB ) to raise interest rates by 0.75 percentage point represented a tougher position by the municipality in the fight against inflation, which could also reverberate in the inflation Brazilian, according to analysts. The ECB held this Thursday (8) the biggest interest rate hike since 1999 to an […]
Serasa records a 22% rise in overdue debt negotiations in August
Serasa recorded a 22% increase in debt trading volume in August compared to July. About 1.8 million people signed agreements, especially debtors with incomes of up to R$ 2,000 and aged between 30 and 40 years. Brazil has 67.6 million defaulters, according to Serasa data for the month of July, the highest in the historical […]
BC sees financial system resilient amid deteriorating global scenario
The national financial system maintains positive indicators of stability, including adequate levels of capitalization, provisions and liquidity, according to the Central Bank, considering that the global economic scenario has deteriorated in recent months. Global growth prospects have worsened with high inflation and monetary policy tightening by most central banks, which deteriorate global financial conditions, lead […]
Jeep prepares to launch three electric SUVs; meet the models
Jeep will launch three new all-electric SUVs over the next few years as it moves to sell only electric vehicles in Europe by 2030 and have half of its U.S. sales also all-electric. SUV brand executives off-road — that is, vehicles made for activities practiced in places devoid of paved roads, sidewalks or easy access […]
UK sets cap on energy bills to try to contain inflation
UK Prime Minister Liz Truss announced on Thursday that the government will cap domestic energy prices for homes and businesses to provide relief from a cost-of-living crisis ahead of winter. European. In a session in the British Parliament, the prime minister said that the so-called “energy price guarantee” will run for two years and prevent […]
