US inflation picks up more than expected in December
Prices rose by 3.4% as Americans paid more to dine out as well as on housing and car insurance.
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Beijing bourse tells ‘major shareholders’ to refrain from selling | Reuters News Agency
Business & Finance 28 November 2023, 4:28 am 1 minute Reuters exclusively reported that The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could douse a long-desired rally. Market Impact The Beijing bourse currently houses 232…
China sanctions five US defence firms over Taiwan arms sales
Taiwan is preparing to hold presidential and parliamentary elections on 13 January.
Striking Auto Workers Just Shut Down The Ram Pickup Plant
Workers went on strike Monday at the Michigan plant where Dodge parent company Stellantis produces its highly profitable Ram 1500 series pickup truck, according to the United Auto Workers union. The walkout at the Sterling Heights Assembly plant marks another significant escalation in the UAW’s concurrent strikes against the “Big Three” automakers, which includes Ford…
China Bans Exports Of A Key Material, Escalating Trade War With U.S.
China has slapped export controls on graphite, a key mineral used to make steel and electric car batteries, ratcheting up a trade fight with the United States over the technologies needed to wean the world’s economy off planet-heating fossil fuels. The measures, announced Friday in a joint declaration from Beijing’s Ministry of Commerce and the…
Student loan costs to balloon £10bn a year – IFS report
The Institute of Fiscal Studies says higher interest rates have increased costs of financing the system.
State insurance commissioner says companies are delaying policies, denying discounts
Responding to consumer complaints about auto insurance coverage, the state insurance commissioner said Thursday that insurers could face penalties for creating unlawful barriers for California drivers. Ricardo Lara issued a bulletin to auto insurers, reminding them that they cannot change their policies’ terms and rates without formally filing for state review and approval. The bulletin…
