LONDON—British grocery prices increased 1.7 percent in the four weeks to Oct. 3 year-on-year, market researcher Kantar said on Tuesday, adding to pressure on households already facing soaring energy bills. With inflationary pressures mounting in the British economy, one Bank of England policymaker on Saturday told households to get ready for early interest rate rises….
UK Seeks to Rally G20 Against Unfair Trade Practices
LONDON—British trade minister Anne-Marie Trevelyan will on Tuesday push her G20 counterparts to end what she called market-distorting practices and rally behind World Trade Organization reform. Trevelyan, who took up the post last month in a ministerial reshuffle, will pick up where her predecessor Liz Truss left off: arguing for a level playing field on…
US IPO Boom Braves Market Volatility
October 12, 2021
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Weeks of stock market volatility have done little to dent the record-setting pace of U.S. initial public offerings, with capital market insiders forecasting a strong finish to the year and a robust pipeline of listings in 2022. More than 2,000 IPOs raised a combined $421 billion globally by the end of September, a record high,…
Kraft Heinz CEO Warns Shoppers: ‘Get Used to Paying More for Food’ Over Inflation
The CEO of Kraft Heinz, Miguel Patricio, warned that around the world and in the United States, people will have to get used to higher food prices due to “across the board” inflation. “We are raising prices, where necessary, around the world,” he told the BBC, adding that his firm has increased prices on more than…
UK Job Vacancies Hit Record High
Job vacancies in the UK reached over 1.1 million during the last quarter, the highest since records began, newly released official statistics show. The number of job vacancies from July to September 2021 was a record high of 1,102,000, an increase of 318,000 from the pre-pandemic level in the spring of 2020, according to the…
Macron Unveils 30-Billion-Euro Plan for Innovation and Industrial Revival
PARIS—France wants to be a leader in green hydrogen by 2030, and build low-carbon planes and small nuclear reactors as part of a 30-billion-euro ($35 billion) investment plan, President Emmanuel Macron said on Tuesday. Macron said the road map, dubbed “France 2030,” would ensure France decarbonizes its industry, and brings innovation and production in key…
US Treasuries Losing Safe-Haven Status, Says New Study
U.S. Treasury securities could be losing their luster as a conventional safe-haven asset, says a new report by the Institute of International Finance (IIF). According to the Washington-based trade association for the global financial services industry, the United States had been one of the few nations to witness an outflow of foreign investment in governments…
US Treasuries May Be Losing Safe-Haven Status, New Study Says
U.S. Treasury securities might be losing their luster as a conventional safe-haven asset, a new report by the Institute of International Finance (IIF) says. The United States was one of the few nations to witness an outflow of foreign investment in governments bond in 2020, according to the Washington-based trade association for the global financial services…
US Treasurys May Be Losing Safe-Haven Status, New Study Says
U.S. Treasury securities might be losing their luster as a conventional safe-haven asset, a new report by the Institute of International Finance (IIF) says. The United States was one of the few nations to witness an outflow of foreign investment in governments bond in 2020, according to the Washington-based trade association for the global financial services…
Tesla Sold Record 56,006 China-Made Vehicles in September: CPCA
October 12, 2021
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BEIJING—U.S. electric vehicle (EV) maker Tesla Inc. sold 56,006 China-made vehicles in September, the highest since it started production in Shanghai about two years ago, data from the China Passenger Car Association (CPCA) showed on Tuesday. The September sales included 3,853 that were exported, the data showed. Tesla, which is making Model 3 sedans and…
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