Economy

Brookfield Business Partners inks deal to sell Westinghouse; check d...

October 13, 2022 12:56 PM AEDT | By Team Kalkine Media

Brookfield Business Partners has announced to sell its nuclear technology services operation, Westinghouse Electric Company.

How is the red-hot inflation hurting the common man?

July 18, 2022 02:28 AM AEST | By Mridul Gogoi

Inflation hits the common man hard. People are getting poorer dealing with this fastest inflation.

US June CPI climbs to 9.1%, highest level since 1981

July 14, 2022 12:56 AM AEST | By Rupam Roy

The US inflation accelerated at its highest pace in around 41 years, increasing 9.1% on an annual basis.

US jobless claims soar as labor demand wanes

July 08, 2022 01:23 AM AEST | By Mridul Gogoi

US jobless claims increase last week

US first-quarter GDP revised down to 1.6%

June 30, 2022 04:32 AM AEST | By Mridul Gogoi

According to government data published on Wednesday, the US economy contracted more than estimated.

China’s CATL to give TSLA a run for money with long-range EV battery

June 24, 2022 03:54 AM AEST | By Mridul Gogoi

(CATL), the biggest electric-car battery maker in the world has developed a new EV battery with a range of 1,000 km on a single charge.

Strong US dollar spurs global currency war to curb inflation

June 24, 2022 12:47 AM AEST | By Mridul Gogoi

Global race to boost individual currencies to combat inflation will unleash a mayhem in world economy.

Powell hints at possible recession as soft landing is 'challenging'

June 23, 2022 05:45 AM AEST | By Mridul Gogoi

Highlights,:,Fed Reserve chair Jerome Powell said a recession is a probability as a soft landing is difficult.,The Central Bank chair said steep rate...

Tesla cars to become costlier in US as inflation stings

June 17, 2022 05:36 AM AEST | By Mridul Gogoi

Leading electric vehicle manufacturer Tesla Inc. (Nasdaq: TSLA) has once again increased prices for all its car models in the US as a fallout of the o...

GDP fall to impact RBNZ’s monetary stance in next MPC?

June 16, 2022 02:24 PM AEST | By Manika

Highlights NZ’s GDP fell 0.2% in the March 2022 quarter This is mainly due to the Omicron spread during that time Despite a contraction in...

Toymaker Lego to invest US$1 bn on new US factory

June 16, 2022 06:07 AM AEST | By Mridul Gogoi

The world’s largest toymaker Lego announced on Wednesday about investing US$1 billion in a new factory in the US to address a growing demand for...

US retail sales drop 0.3%, first time in 5 months as auto sales dip

June 16, 2022 04:52 AM AEST | By Mridul Gogoi

Highlights: US retail sales dipped 0.3% in May as auto purchases fell sharply. Despite a drop in auto sales, spending in gas stations surged, poin...

US home equity touches record level at US$27.8 trillion in Q1

June 16, 2022 01:42 AM AEST | By Mridul Gogoi

US homeowners have currently more equity, which has touched the highest level ever. A Federal Reserve data reveals that US home equity grew almost 20%...