Luxury conglomerate LVMH reported sales grew 9 percent in this year’s third quarter, falling by almost half from the 17-percent gain in the second quarter.
Author: admin (Kendrick Williams)
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EUROPE’S GAS PRICES JUMP AS TRADERS FEAR SHORTAGES
On 12 October, natural gas prices in Europe shot up to their highest since March as traders worried that the new Mideast war will sharpen global demand for fossil fuels. Also, Finland speculated that a leaking pipeline between it and Estonia had been sabotaged.
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TOP TREND 2022, DRAGFLATION: EU WRESTLES WITH HIGH PRICES, SLOW GROWTH
Inflation in the Eurozone is stuck at too high a level and wage growth is keeping upward pressure on prices, Christine Lagarde, president of the European Central Bank (ECB), said in a speech last week at the annual meeting of the International Monetary Fund in Morocco.
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“HIGHER FOR LONGER” PRESAGES HARD TIME AHEAD, WORLD BANK SAYS
Higher interest rates lasting for a longer period around the world means a hard slog for the global economy, World Bank officials warned at the beginning of the bank’s annual meeting last week.
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TOP TREND 2020, NEW WORLD DISORDER: CONFIDENCE IN ECONOMIC FUTURE LAGS
Economic growth in both advanced and emerging economies has ground to its slowest pace since the COVID War, according to the Brookings-Financial Times Tracking Index for the Global Economic Recovery.
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OIL PRICES PASS $90 AS MIDEAST WAR ESCALATES
The price of benchmark Brent crude oil broke through $90 on 13 October as Israel prepared to launch an armed assault in Gaza and speculation grew that Iran might intervene on behalf of terrorist group Hamas.
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WORLD ECONOMY IS “LIMPING”
Sustained high interest rates, the war in Ukraine, the unraveling of global trade networks, and now the new Mideast war have left the global economy “limping along, not sprinting,” the International Monetary Fund (IMF) said in an overview at its annual meeting last week.
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BEST ANTI-INFLAMMATORY NUTRIENTS
Inflammation is your body’s built-in emergency response to assaults resulting in injury or infection. In the acute state, inflammation is an important and vitally necessary part of your body’s healing mechanism.
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BLOCKCHAIN BATTLES
Yes, the latest Fed conspiracy surrounding Bitcoin is that the Chinese are using Bitcoin mining operations located in the U.S. to somehow glean intelligence.
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U.S. BITCOIN SPOT ETF MOVES A STEP CLOSER TO REALITY
The crypto sector was pleasantly surprised this past week by an SEC decision not to challenge a court ruling regarding the creation of a possible spot bitcoin ETF (Electronically Traded Fund).