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June 29, 2021June 29, 2021TRENDS ON THE GLOBAL ECONOMIC FRONTBy user0

IN CHINA, DOMESTIC BRANDS OUTPACE WESTERN ICONS

In China’s 618 E-Commerce Festival this month – a sort of Amazon Prime Day for all online retailers there – Babycare domestic diapers outsold Pampers, online giant Alibaba reported. In 2020’s Singles Day, China’s biggest online shopping holiday, Genki Forest, a Chinese soft drink, passed both Coke and Pepsi in sales.  On Singles Day in 2019, domestic snack brand Three...

June 29, 2021June 29, 2021TRENDS ON THE GLOBAL ECONOMIC FRONTBy user0

OPEC+ MULLING PRODUCTION INCREASES AS OIL SHORTAGE LOOMS

OPEC+, the Organization of Petroleum Exporting Countries and its allies, mainly Russia, are considering authorizing production hikes at their 1 July meeting.  As demand and supply move closer to each other, Russia may propose that the group boost output, Russian officials told Bloomberg. Other member nations are mulling production hikes that would begin in August, although the exact amount of...

June 29, 2021June 29, 2021TRENDS ON THE U.S. ECONOMIC FRONTBy user0

RETAIL WORKERS QUITTING IN DROVES

In April, about 649,000 retail employees quit their jobs, the U.S. labor department reported, the largest one-month exodus since the department began keeping records more than 20 years ago.  Stores’ ex-workers are finding higher pay and better benefits at insurance agencies, fitness centers, government offices, and even marijuana dispensaries, Business Insider reported; others are returning to school or trying their...

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