Jamie Dimon says inflation eroding consumer wealth may cause recession next year
The longtime JPMorgan Chase CEO says that while consumers are currently flush with savings, that will likely run out by midyear 2023.
Deutsche bank, Rabobank hit with EU antitrust charge over bond cartel
Deutsche Bank and Rabobank were charged by EU antitrust regulators on Tuesday of taking part in a government bond cartel.
Eddie Jones: England head coach sacked just nine months before 2023 Rugby World Cup
Eddie Jones has been sacked as England head coach after seven years in charge, just nine months out from the 2023 Rugby World Cup.
TSMC to up Arizona investment to $40 billion with second semiconductor chip plant
The company will also announce it will be producing more technically advanced chips than originally proposed.
Microsoft offers Sony 10-year deal for Call of Duty on PlayStation if Activision deal goes through
Microsoft is hoping to assuage regulators’ and rivals’ antitrust fears over its proposed $69 billion acquisition of Call of Duty maker Activision Blizzard.
Renewables to overtake coal and become world’s biggest source of electricity generation by 2025, IEA says
The global energy crisis, sparked by Russia’s war in Ukraine, has sparked “unprecedented momentum for renewables,” the IEA said.
Germany says borrowing more money to compete with the U.S. would be a ‘threat’ to Europe
Germany said Europe should refrain from borrowing more money to compete with U.S. green subsidies or its competitiveness will be threatened.
Philippines’ inflation soars to 14-year high, fueling expectations of more rate hikes
Philippines’ annual inflation data soared to 8.0%, marking the country’s fastest inflation in 14-year high since November 2008.
Russian oil cap will work, EU ministers insist, despite Kremlin opposition and broad skepticism
It is “the right message at the right time,” Irish Finance Minister Paschal Donohoe said of the oil price cap. But many market participants remain wary.
China’s Xi has met with more than 25 world leaders since consolidating power at home
Chinese President Xi Jinping has met with more than 25 heads of state — including U.S. President Joe Biden — since Oct. 31, according to government releases.
