Japanese GDP Plunges As Real Wages Continue To Decline
In the third quarter of 2023, the Japanese economy contracted by almost 3%, marking its first decline of the year as household consumption was weighed down by inflation and corporate…
EU Gas Consumption Surges Due To Cold Weather
On Thursday, news service Vedomosti reported that Europe’s emergency supplies of natural gas in its underground storage facilities are shrinking, as fuel consumption had skyrocketed due to the unusually cold…
German Industrial Orders Fall Sharply
October saw new orders for German-made industrial goods fall unexpectedly, as provisional data released Wednesday from the nation’s statistics office, Destatis, showed the sector being weighed down by weak global…
EU May Reopen WTO Case Over US Tariffs
On Friday, Bloomberg reported that the EU is considering reopening a case at the World Trade Organization (WTO) which would protest the US is engaged in unfair trade practices with…
Russia To Ship LNG Year-Round Through North Sea Route
The head of Russia’s North Sea Route (NSR) Operator, Sergey Zybko, announced this week that Moscow will begin LNG deliveries to Asia through Russia’s Arctic waterways on a year-round basis.…
Musk Appeals Consent Decree Which Limits Tweets To Supreme Court
On Thursday, billionaire businessman Elon Musk petitioned the US Supreme Court to examine whether the Securities and Exchange Commission had exceeded its authority when it imposed a consent decree on…
Oil Continues To Slide After A Brief Rally Fizzles
Oil extended its losses to land near a five month low, as a minor rally fizzled out. Traders who has no real commitment to any model, combined with mounting worries…
Guidewire Software Reports Fiscal Q1 Earnings
On Thursday, Guidewire Software Inc. (GWRE) reported a $27.1 million loss for its first fiscal quarter. The San Mateo, California based software company said it had a loss of 33…
Italy Withdraws From Belt And Road
On Wednesday, Bloomberg reported that the Italian government has formally announced it will withdraw from China’s Belt and Road Initiative, because it, “has not produced the desired effects” according to…
Russian Oil Revenues Higher Than Before Ukraine Conflict
Russian oil revenues on a monthly basis now exceed what they were prior to the military operation in Ukraine, according to a new report by Bloomberg on Wednesday. The outlet…
