(ONS) UK posted a public sector debt, excluding public sector banks, of 2,339.9 billion pounds in December 2021, equivalent of 96.0% of GDP and the highest ratio since March 1963. …
(Meta) Meta has come up with an “AI Research SuperCluster,” which the company says will be key in its pursuit of the metaverse. Meta claims that the RSC will be…
(IHS Markit) The US posted a Composite Output Index of 50.8, an eighteen-month low and down from 57.0 in December. Services Business Activity Index was at an eighteen-month low of…
(Bloomberg) Beijing is turning into a new generation of disruptive startups in a new government program escalating tech war with the US to counter Silicon Valley. In a government program…
(FT) Nato alliance secretary-general, Jens Stoltenberg, has called for more allies to contribute additional military forces, as troops remain on standby to counter potential attack on Ukraine by Moscow. Nato…
(Reuters) Shares of Kohl’s Corp jumped 29% in premarket on Monday on reports that private equity firm Sycamore had submitted a $9 billion takeover offer. Sycamore is said to have…
(Reuters) British subprime lender Amigo Holdings fell up to 58% on Monday after the company warned of insolvency following doubts of a business rescue plan of $131.18 million. The fall…
(IHS Markit) Eurozone recorded a Composite Output Index of 52.4 in January, reflecting an eleven-month low as the service activity slowed due to Omicron impacts. Services activity took a hit,…
(CNBC) The People’s Bank of China has reduced the 14-day reverse repo rate by 10 basis points to 2.25% in additional measures to inject liquidity into the banking system. Following…
(European Commission) Consumer confidence in the EU fell by 0.4 points in January from the previous month and was 0.1 points down in the euro area. Following the decline, the…
(Bloomberg) China’s central bank has reduced the rate on the shorter-term emergency policy loan or standing lending facility by 10 basis points to 2.9%. The central bank also cut the…
(Peloton) Peloton Interactive Inc. shares rose 5% on Friday after its preliminary second quarter of 2022 revenue hit $1.14 billion, within the guidance of $1.1 billion to $1.2 billion. The…