EU Car Sales Collapse
According to a new report by the European Automobile Manufacturer’s Association (ACEA) released this week, the passenger car market in the European Union shrank by 4.6% in 2022, to just…
Twitter Employee Headcount Down To 1,300, from 7,500
Following Elon Musk’s downsizing, CNBC is reporting that Twitter now has 6,000 fewer employees, due to layoffs and resignations, reducing the size of the company’s headcount by 80%. The news…
Japan Sees Corporate Bankruptcies Rising
According to a new survey by Teikoku Databank, company bankruptcies in Japan increased for the first time in three years in 2022. According to the report, 6,376 companies declared bankruptcy…
UK Imports Russian Petroleum Products Through “Back Door” of India
As the West seeks to impose an effective embargo on sales of Russian crude oil and petroleum products, OilPrice.com is reporting that British customers have found a loophole allowing them…
Gold Has Fifth Straight Week Of Gains
Gold prices edged downward as the dollar strengthened on Friday. However investor optimism that the Federal Reserve will slow the pace of its rate hikes meant bullion was still poised…
WEF Survey Of Economists Predicts Global Recession In 2023
On Monday, the World Economic Forum published the results of a survey the group took, which showed that over half of the surveyed economists were predicting a global recession in…
Crypto-Lender Genesis Files For Bankruptcy
Crypto lender Genesis filed for bankruptcy protection from creditors in the US late Thursday. It is now the third major cryptocurrency player to collapse since last year. Three separate petitions…
Google To Cut 12,000 Jobs
On Friday, Alphabet, the parent company of search giant Google, announced it would be laying off 12,000 employees across its global operations. The layoffs amount to more than 6% of…
Silver Could Turn Bullish In 2023
This year some analysts are predicting silver could reach $30 per ounce, hitting a nine-year high as the precious metal outpaces what is expected to be a bullish run for…
Crypto Brokerage Genesis Global Capital Preparing To File For Bankruptcy
On Wednesday Bloomberg reported that Crypto brokerage Genesis Global Capital is making preparations to file for bankruptcy in the coming days, citing sources familiar with the situation. Digital Currency Group,…