The average age of all cars and light trucks in operation in 2022 rose to a new record of 12.2 years, according to S&P Global Mobility today. The metric tracks the average age of vehicles...
Canada’s government has said it will ban the use of the two Chinese telecommunications giants’ 5G gear due to national security concerns. The move follows similar restrictions in other Western countries. Chinese telecommunications giants Huawei...
2020, was the year of change for the entire world and especially for businesses and their approach toward employees. Suddenly, digital became the new work culture for organizations and this deepens the realization of improved...
The market is a fickle mistress. The major central banks were judged to be behind the inflation curve. Much teeth-gashing, finger-pointing. Federal Reserve Chair Powell was blamed for denying that a 75 bp hike was under...
Rising energy and commodity prices resulting from Russia’s war in Ukraine are slowing Europe’s economic growth and increasing inflation. The European Commission on Monday lowered the eurozone growth forecast for 2022 down to 2.7% from a...
As is often the case, crises are trend gas pedals. This is the case with the covid-19 pandemic, which is a catalyst for the 4th industrial revolution in the face of the unsustainability of the...
A series of shocks have combined to send prices spiraling in the UK. Inflation is a global problem, but Boris Johnson’s government is being accused of making things worse for consumers. The UK is entering...
Way back, in 1944, at what is known as the Bretton Woods Conference, representatives of the nations of the world took the curious decision to designate the US dollar, which is actually a national currency,...
New week, same refrain. Stocks down, yields up, and the dollar is broadly higher. The Nikkei and Taiwan fell by more than 2% and South Korea and Australia were off more than 1%. China’s Shanghai...
China’s zero-COVID policies are beginning to severely hit the country’s global export engine. Prolonged lockdowns led to particularly sluggish export growth in April, new figures show. China’s export growth fell sharply to 3.9% in April,...
The sharp sell-off of US equities yesterday weighed on global equities today. The Asia Pacific bourses were a sea of read with many of the large markets off 2%-3%. Japan, which returned from a three-day...
The European Commission said that Apple apparently “abused its dominant position” in developing its Apple Pay system. The US company could face billions in fines. The EU’s top executive body said on Monday that it has...