The European Commission, the executive arm of the European Union, expects the eurozone economy to grow by 3.2% in 2022, with a strong deceleration in 2023, when it is expected to grow by only 0.3%. In addition, he expects inflation to remain strong in the region, in addition to highlighting the “exceptional uncertainty” of the […]
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.
State-owned companies lose more than R$100 billion in market value since Lula’s election
Since the end of the second round of elections, which determined the victory of Luiz Inácio Lula da Silva (PT) to the presidency, state-owned companies listed on the stock exchange have lost BRL 101,258 billion in market value, according to a TradeMap survey carried out by request of CNN Brasil Business 🇧🇷 Among the total […]
UK industrial production drops 3.1% in September
The United Kingdom’s industrial production fell by 3.1% in September, year-on-year, the country’s Office for National Statistics (ONS) said on Friday. Analysts heard by Wall Street Journal predicted a larger decline of 3.7%. Compared to August, the country’s industrial production grew by 0.2% in September. The expectation of analysts, in this case, was an advance […]
Industry confidence registers second decline in a row, shows CNI index
The Industrial Entrepreneur Confidence Index (ICEI), of the National Confederation of Industry (CNI), dropped 8.5 points between October and November 2022 and is at 51.7 points. Despite the drop, industry entrepreneurs remain confident, as the indicator remains above the 50-point dividing line, which separates a state of confidence from a state of lack of confidence. […]
If fiscal irresponsibility is confirmed, BC may raise interest rates, says expert
In an interview with CNN Brazil This Friday (11), commentator Sergio Vale evaluated the consequences that a possible lack of control of public accounts, caused by the elected government of Luiz Inácio Lula da Silva (PT), could bring. In his view, the Central Bank can raise the interest rate again, currently at the level of […]
China’s economy slows more than expected and there is no easy fix
An unexpectedly weak series of Chinese economic data this month has increased pressure on policymakers to take more stimulus measures, but also shows the limited effect that further monetary easing and infrastructure spending could have. Signs of weakness are emerging across the economy: exports have fallen, inflation has slowed and new bank loans have fallen. […]
Crypto asset Lender BlockFi suspends withdrawals after FTX collapse
Cryptocurrency lender BlockFi has temporarily suspended withdrawals on its platform amid the collapse of exchange FTX, which has reignited fears about a widespread liquidity crisis in the industry. In a statement, the company said it was “shocked and dismayed” by the news regarding FTX and Alameda Research, both controlled by billionaire Sam Bankman-Fried. “Given the […]
IRB Brasil almost doubles its loss in the 3rd quarter due to weather effects
Reinsurer IRB Brasil had a 91.8% decrease in net loss in the third quarter compared to the same period in 2021, due to a higher-than-expected loss ratio due to weather effects in the rural segment. IRB Brasil had a net loss of BRL 298.7 million between July and September, compared to a loss of BRL […]
Whites have income about 40% higher than blacks, shows IBGE survey
A survey released by the Brazilian Institute of Geography and Statistics (IBGE) this Friday (10) shows that white people have a monthly income almost twice as high as black people. Last year, while the average was R$3,099 for whites, it was R$1,764 for blacks and R$1,810 for browns. In the case of hourly earnings among […]
Energisa has lower profit in the 3rd quarter with a worsening of the financial result
The electric company Energisa had an adjusted net profit of R$ 391.2 million in the third quarter, a decrease of 31.4% compared to the same period last year, as disclosed on Thursday night (11). The last line of the balance sheet was affected by a worsening of the financial result, which increased 173.1% in the […]
