Interest rates in the Eurozone hit a joint record high
The bank raised the rate for deposits in the group of 20 countries for the ninth time in a row, from 3.5% to 3.75%. The European Central Bank (ECB) said that inflation was still going down, but it was still…
The spring boom in the US economy outperforms predictions.
The world’s largest economy grew at an annual pace of 2.4% in the three months to June, up from 2% in the previous quarter. This was significantly better than projected, thanks to an increase in company investment. Consumer expenditure climbed…
IMF says that a rise in travel will help the world economy.
The International Monetary Fund (IMF) now thinks that the world economy will grow by 3% this year. The 0.2% rise from April’s prediction was partly due to more people traveling after the pandemic. The expected uptick also took into account…
For $50,000, you can buy rare Apple computer teachers.
Sotheby’s auction house is selling a pair of rare Apple shoes for $50,000 (£38,969). In the 1990s, the shoes were made just for workers and were given away at a conference. No one has ever bought a pair of them…
Unilever’s sales of Magnum go up after it raises costs.
The consumer goods giant said that its overall pre-tax profit went up by 21% to €5.2 billion (£4.4 billion), but the number of goods it sold went down. Supermarkets like Tesco have said that sellers shouldn’t raise their prices when…
Elon Musk: Twitter changed its name to X and got rid of the blue bird sign.
Twitter’s brand and image, which used to be a blue bird, have been changed to a “X.” On the PC version of the social network, the blue bird has been replaced by a new white X on a black background….
The US box office goes to the movie about Barbie.
Warner Bros., which sells movies, said that the Barbie movie has become the biggest movie of the year so far in the US and Canada. The company said that about $155 million (£120 million) was made in the first weekend….
India bans rice exports to stop prices from going up.
India has made it illegal to ship white rice that is not basmati in an effort to stop prices from going up at home. Heavy rains have hurt crops in the country, and in the last 12 months, the price…
Netflix password crackdown drives subscription growth
The corporation has over 238 million users at the end of June, up 5.9 million from March. This was higher than expected and follows the company’s efforts to re-ignite growth after significant subscriber losses last spring. It is also being…
McDonald’s is facing mistreatment allegations after 100 employees come out.
More than 100 current and former UK McDonald’s employees have complained about a poisonous culture of sexual assault, harassment, racism, and bullying. The BBC was claimed that workers, some as young as 17, are constantly touched and abused. The UK…
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