BEIJING — China’s latest Covid lockdowns are a greater risk for global inflation today than they were in 2020, Bernstein analysts said.
That’s because the world has become more reliant on Chinese goods since the pandemic began, the analysts said in an April 8 note.
China’s share of exports globally rose...
China’s central bank kept a key interest rate unchanged on Friday in a surprise move, despite expectations for more stimulus as Beijing grapples with a Covid surge.
The People’s Bank of China said it was keeping the rate on its one-year medium-term loan unchanged at 2.85%.
The Asian giant is facing...
Meta’s first attempt at virtual reality ads was a major flop. Now, the company is shifting to a different money-making strategy within its metaverse: The buying and selling of virtual “items and effects,” as described in a Monday press release.
Commerce is coming specifically to Horizon Worlds, Meta’s open-world VR...
DUBAI, April 12 (Reuters) - A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West's energy watchdog reflected concern about U.S. influence on the figures, sources close to the matter said, adding to strain on ties between Riyadh and Washington.
The Organization of the...
Honda plans to invest around 5 trillion yen ($39.9 billion) in electrification and software technologies over the next 10 years, with the Japanese automotive giant aiming to launch 30 electric vehicle models worldwide by 2030.
In a statement Tuesday, the company said approximately 3.5 trillion yen would go toward research...
Inflation accelerated to a new four-decade high in March as supply chain constraints, the Russian war in Ukraine and strong consumer demand fueled rapid price gains that wiped out the benefits of rising wages for most Americans.
The Labor Department said Tuesday that the consumer price index – which measures...
