WTO analysts estimate that the world trade index is currently at 96.2 points with a baseline value of 100. According to the most recent WTO Merchandise Trade Barometer, which was published on November 28, as the global economy continues to experience significant headwinds, trade growth is anticipated to decline in the last months of 2022 and into 2023. The WTO stated that the current value of...

Between the end of the first quarter and the end of the third quarter of this year, 13 hedge funds invested roughly $100 million to increase their interests in Twitter, according to Forbes USA. In his remarks on Nov. 3 at the Forbes Iconoclast Summit, Carl Icahn stated, "It doesn't take a genius to figure out that he was going to close this deal." According to Forbes USA, between the end of the...

According to Cleveland Federal Reserve Bank President Loretta Mester, the U.S. Federal Reserve may start reducing the size of its interest rate increases as of next month in order to moderate inflation while enabling the economy to keep expanding. "At the next meeting, I believe we can reduce the rate rises from 75 basis points. This is not a problem in my opinion, and I believe that such a...

Due to its reliance on Chinese exports, the market for electric vehicles may see a graphite scarcity, according to a supplier to Tesla. The market domination of Chinese manufacturers will cause a severe graphite scarcity in the electric vehicle industry within the next ten years, said Shaun Verner, CEO of Australian company Syrah Resources. Syrah Resources is the largest producer of natural...

According to a news statement, Saudi Aramco, the Saudi Arabian government-owned oil firm, would invest $7 billion in petrochemical manufacturing at a refinery in Ulsan, South Korea. According to a press release from the Saudi corporation, "The Shaheen project is worth 26 billion Saudi rials, or seven billion dollars, and is Aramco's greatest investment in South Korea. This investment will be...

The maker of upscale spirits Moet Hennessy has warned that its supply of pricey champagne is running low. According to Moet Hennessy's general manager Philippe Schaus, the company is practically out of all of its expensive champagne brands due to the huge demand for high-end alcoholic beverages. The corporation, according to Schaus, is already referring to this period of increased interest in...

According to data from the Chinese research firm Syntun, internet sales on Singles Day in China totaled 1.1 trillion yuan ($156.9 billion). Every year on November 11, China observes SIngles Day. 2009 saw the debut of the 27-merchant Alibaba sale event. According to Syntun statistics, the overall sales volume on electronic platforms throughout the entire sales festival was 934 billion yuan...

According to the FT, the ECB is pressuring UniCredit to leave Russia because it views the bank's position there as a risk. The European Central Bank (ECB) is pressuring UniCredit to leave Russia because it views the Italian bank's position there as an unfavorable source of risk. The Financial Times reported this, citing reliable sources. The chief executive officer of Italy's largest bank,...

As of October, Japan's foreign exchange reserves decreased for the third consecutive month following a record dip in September. According to information provided by the Finance Ministry on Tuesday, the decrease in reserves is due to the largest intervention ever, when the yen was bought for dollars. The information was made public along with a different report that verified Japan did not launch...