Business Macro Economic Gateway

THE WALL STREET JOURNAL

Glut of Goods at Target, Walmart Is a Boon for Liquidators

The excess inventory piling up at large retailers is proving a boon for liquidators and other companies that help dispose of the oversupply.... Read more...

Coal Makes a Comeback as the World Thirsts for Energy

Tight supplies of commodities following Russia’s war in Ukraine lead countries back to the dirtiest fossil fuel, despite commitments to tackle climate change.... Read more...

European Travel Just Got Harder After SAS Pilots Strike

Pilots at Scandinavia’s main airline walked out, starting a strike that the carrier said will hobble operations. Separately, the chief operating officer at European discounter easyJet resigned.... Read more...

Little-Known Abortion Pill Maker Faces Scrutiny

The debate over medication abortions draws in the lone U.S. manufacturer of brand-name mifepristone.... Read more...

Chip Boom Loses Steam on Slowing PC Sales, Crypto Rout

Intel and Nvidia are among the semiconductor makers warning of rockier times ahead after two years of surging demand across their product lineups, pointing to a chillier consumer climate.... Read more...

CNBC

'Minions: The Rise of Gru' tops $108 million as parents flock back to cinemas, kids in tow

"Minions: The Rise of Gru" generated more than $108 million in ticket sales during its domestic opening weekend.... Read more...

American Airlines scheduling glitch allows pilots to drop thousands of July flights

American said it was aware of a scheduling glitch that allowed pilots to drop thousands of July flights.... Read more...

Trump media company subpoenaed in federal criminal probe of SPAC deal

Donald Trump's media company was subpoenaed by a federal grand jury in connection with a criminal probe, according to Digital World Acquisition Corp.... Read more...

More than 12,000 flights delayed, hundreds canceled during busy July Fourth weekend

Airlines have delayed and cancelled flights at a higher rate this year than before the pandemic.... Read more...

U.S. flight disruptions finally ease as the holiday weekend winds down

More than 1,000 flights were cancelled earlier in the weekend as airlines grappled with bad weather.... Read more...

FINANCIAL TIMES

UK faces first national train drivers’ strike in 25 years

Prospect of ‘massive’ travel disruption intensifies as more unions ballot members and fuel protests clog main roads... Read more...

EasyJet executive quits over flight chaos

Chief operating officer Peter Bellew resigns after disruption led to thousands of cancellations... Read more...

Staffing agencies attack UK government’s strikebreaking plans

Repeal of decades-long ban on use of outside workers would ‘inflame’ industrial action, say 13 recruitment groups ... Read more...

Global inflation: Japan faces a moment of truth

The collapse of the yen piles pressure on the central bank to change course after decades of loose monetary policy... Read more...

Levelling up needs Conservatives to go back to the future

The UK government should stop half measures and recreate an Audit Commission that can deliver reliable data on local authorities... Read more...

FORTUNE

What the housing market correction will do to home prices in 2023

How will the 'housing correction' shift home prices? To find out, Fortune examined six revised forecast models. ... Read more...

Biden trolled by oil industry group over ‘White House intern’s’ demand to slash prices at the gas pump

It follows earlier stinging criticism from Jeff Bezos who called into question the administration’s grasp of supply and demand.... Read more...

Thinking about monitoring employees at work? Study shows they’re more likely to slack off, disregard your instructions and even steal office supplies

During the Covid pandemic, online searches for “how to monitor employees working from home” increased by 1,705%.... Read more...

‘We may be close to peak pessimism’: Emerging markets tipped to stare down a US recession by JPMorgan and Deutsche Bank

History shows that mere expectations of US economic trouble spark an early selloff across emerging markets and leave them cheaply valued when the contraction actually arrives.... Read more...

The fall of Roe v. Wade will create problems for families that corporate cash can’t solve

The overturning of Roe v. Wade will hugely increase the financial strain of parenting, with serious economic consequences for millions of families.... Read more...

FINANCIAL EXPRESS

How about Rs 1 trillion for green energy?

Such a large sum—reported to be added to the budgeted fertiliser subsidy for this fiscal year—would go a long way towards advancing India’s renewable energy goals.... Read more...

Ensuring consumer safety

Online lenders must follow asset-class based regulations and focus on consumer protection.... Read more...

Private banks report strong loan growth in Q1FY23

HDFC Bank purchased loans worth Rs 9,533 crore through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation (HDFC).... Read more...

Singaporean minister to deliver first Arun Jaitley memorial lecture

The lecture is being instituted in recognition of the former finance minister's role in nation-building, economic affairs secretary Ajay Seth said. ... Read more...

Burmans become Eveready promoters

The Burmans now have a 38.38% stake in Eveready, having acquired over 14% shares in the open offer.... Read more...

FINANCIAL POST

S.Korea June consumer inflation hits near 24-yr high, exceeds expectations

SEOUL — South Korea’s consumer prices rose more than expected in June to hit the fastest pace in nearly 24 years, government data showed on Tuesday. The consumer price index (CPI) rose 6.0% in June from a year before, speeding up from a 5.4% rise in the previous month and... Read more...

Capital spending not increasing as fast as profits, BoC survey finds

Energy producers setting aside just 40% of cash flow for investment, down from 100% before pandemic ... Read more...

Giant UK Electric-Car Charging Station Also Will Supply the Grid

Energy Superhub Oxford has capacity to recharge hundreds of cars a day... Read more...

IMF says to work with new Argentina economy chief to solve ‘profound challenges’

LONDON — The International Monetary Fund (IMF) will work with Argentina’s new economy minister Silvina Batakis to strengthen macroeconomic stability and address the country’s “profound challenges,” a spokesperson said on Monday. Batakis was sworn in on Monday afternoon after her predecessor Martin Guzman abruptly resigned over the weekend. (Reporting by... Read more...

San Francisco property owners banned from parking car on it

SAN FRANCISCO (AP) — A San Francisco couple that parked their car for decades on a paved part of their property in front of their home has been banned from doing so unless they want to risk steep fines. KGO-TV reported Monday that city officials sent a letter to Judy... Read more...

Moneyweb

Octodec still banking on the Pretoria and Joburg CBDs

Jeffrey Wapnick, MD of the JSE-listed real estate investment trust, discusses how the residential property market has recovered from the Covid-19 fallout and why he still sees commercial property opportunities in Gauteng’s two biggest city centres. ... Read more...

Rocketing fuel prices set to drive SA interest rates sharply higher

Economy 'heading for a technical recession' – economist Dawie Roodt.... Read more...

No mercy from Eskom for cash-strapped City of Tshwane

Utility refuses payment arrangement.... Read more...

A first half to forget

Equity markets move up and down over the short term, but the longer-term trend is upwards.... Read more...

Diversifying your investment portfolio in volatile markets

Investors need to build portfolios that will allow healthy returns into market recovery, yet be correctly diversified in times of instability.... Read more...

strategy+business

Thinking through the ethics of corporate journalism--before there's a problem

For the second year in a row, corporate content beat traditional information sources, such as media and government, as the most trusted news source in the Edelman Trust Barometer. A recent PwC survey yielded similar results, with 63% of consumers saying they have trust in US companies. But... Read more...

Mining the (clean energy) gap

We may indeed need less coal in the future to create electricity. But the often-overlooked reality is that the shift to net zero will require more mining, not less. The low-emission energy systems of the future--solar and wind power, electric vehicles, and grid-scale batteries--will be highly material-intensive. ... Read more...

The hidden costs of the middleman economy

Tom Ehrenfeld reviews Direct: The Rise of the Middleman Economy and the Power of Going to the Source, by Kathryn Judge, and discusses the nascent threat that, she argues, middlemen play in today's economy.... Read more...

Pedal to the metal

In this roundup of recent insights from PwC thought leaders, Daniel Gross sees a clear message to companies and governments that are skittish about decarbonization in the face of new global uncertainty: this is no time to take your foot off the gas.... Read more...

To improve management, build a decision factory

In their new book, Decision Leadership, professors Don A. Moore and Max H. Bazerman peg leadership success to the ability to make better decisions throughout the organization. To help companies develop this capability, they weave together the various threads of behavioral economics and translate them into practical... Read more...

BUSINESS DAILY

EX-Centum executive takes CEO post at Mi Vida Homes

Mr Kariuki’s appointment took effect on June 1, following the announcement of his departure...... Read more...

Singapore-based crypto lender Vauld suspends withdrawals

Singapore-based crypto lending and trading platform Vauld said on Monday it would suspend...... Read more...

Used car prices jump up to 30pc in three months

Buyers are cutting orders and shunning popular Toyota car models in favour of Nissan and Mazda...... Read more...

Malaysia topples US, Japan imports on edible oil cost

Official data released Friday show the value of imports from Malaysia more than doubled in the...... Read more...

Laying firm foundation for inclusive green investment

The banking sector in Kenya has been keen to adopt green initiatives that support climate...... Read more...
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