(IHS Markit) The UK Construction sector output expanded the slowest in eight months as subcontractors’ charges rose the sharpest in 23 years due to supply and demand imbalance. Construction business…
(IHS Markit) The output in the European automobiles and auto parts segment dropped steeply in September for the first time since May last year amid a sharp rise in work…
(Eurostat) Retail trade sales surged by 0.3% in the euro area and EU in August from July. The retail sales remained unchanged in the euro area and increased in the…
(Tesco Plc.) Tesco’s diluted EPS rose by 163.5% to 10.7 pounds in the first half-year of 2021/2022, from 4.06 pounds reported in the same period last year. The company announced…
(Destatis) Germany’s factory orders were down by 7.7% in August, more than the forecasted decline of 2.1%. The decline reflected persistent delivery bottlenecks. The factory orders were still higher than…
(IHS Markit) JP Morgan Global Composite Output Index was 53.0 in September, an increase from a seven-month low of 52.5 in August. The index signals global growth for the fifteenth…
(Cryptopotato) US Bank has announced that it will launch crypto custody services for institutional fund managers as client interest in cryptocurrencies rise. The fifth-largest US retail bank partnered with the…
(Reuters) The International Monetary Fund now expects global economic growth in 2021 to slightly miss its July forecast of 6% as inflation and uneven Covid-19 recovery bites. IMF chief Kristalina…
(IHS Markit) The U.S. service sector expansion slowed to a PMI of 54.9 in September, a drop compared to 55.1 in August. Fig: U.S. Service PMI Business Activity Index September…
(BEA) The international trade in goods and services deficit in the US came at $73.3 billion in August, an increase of 4.2% or $2.9 billion from July. The increase in…
(Reuters) Udemy Inc. has filed an initial public offering to go public on Nasdaq following a surge in online learning during the pandemic. Udemy’s revenues rose by 55.6% to $429.9…
(BofA) The Bank of America maintains a bullish outlook on the long-term cryptocurrency prospect, warning that it is difficult to ignore the $2.15-trillion market cap. BofA says the digital asset…