ISRAEL-ECONOMY-CURRENCY-CENTRAL BANK

Bank of Israel Faces Inflation Risks Following Refusal to Cut Interest Rate due to Massive War Spending

The Bank of Israel has opted to maintain its benchmark interest rate amid concerns over war-related budget strains, inflationary pressures, and supply chain disruptions.


EU Approves Law to Boost Domestic Green Tech Production, Targeting 40% Self-Sufficiency

European Union governments have officially approved the Net Zero Industry Act (NZIA) to boost green technology production, aiming to reduce reliance on US and Chinese manufacturers.

Starbucks Refuses to Discount Drinks as Price War Mounts in China's Booming Coffee Sector

Initially reluctant to engage in price wars in China's competitive coffee market, Starbucks now faces pressure to adapt as local budget-friendly rivals gain traction, prompting a surge in discount coupons.

Stellantis, Italy Near Agreement on New Hybrid EV Model for Mirafiori Amid Union Pressure

Stellantis is expected to announce the production of a hybrid version of its 500e electric vehicle at the Mirafiori plant in Turin, Italy, in response to union demands and to address declining EV sales and government criticism.


Latest News

Miami Freelance Workers Rise to 50%, Revenue Soars to 88%
Miami has experienced a 50% rise in its freelance workforce and associated revenue over the past five years.
Iran Approves Plan to Boost Oil Output to 4 Million Barrels per Day: Report
Iran plans to boost its oil production to four million barrels per day. Iran plans to boost its oil production to four million barrels per day. Iran Approves Plan to Increase Its Oil Production The country's Tasnim news agency said Sunday that an economic council headed by Iran's interim president Mohammad Mokhber approved this increase in its oil output.
Elon Musk Plans to Build xAI Supercomputer Dubbed 'Gigafactory of Compute'
Elon Musk is reportedly planning to launch a supercomputer for his artificial intelligence company, xAI.
David Beckham
David Beckham is the global brand ambassador for AliExpress as the e-commerce platform tries to expand internationally.
Texas Daily Power Consumption Hits All-Time High for May Amid Heat Wave
Texas experienced a record-breaking daily power consumption in May due to an ongoing heat wave. Texas experienced a record-breaking daily power consumption in May due to an ongoing heat wave.
Another Donald Trump Win Would Be More Disruptive for Bond Markets, Bill Gross Says
Renowned bond investor Bill Gross believes the bond market would suffer more under a second Donald Trump term.
China’s ‘Big Fund’ Launches 3rd Local Chip Industry Funding Worth $47.5 Billion
China launched the third phase of its ‘Big Fund’ program supporting local semiconductor manufacturers with an estimated value of $47.5 billion.
Benetton
Benetton Group co-founder Luciano Benetton announced his resignation as chairman. Luciano Benetton, a billionaire entrepreneur and co-founder of the Benetton Group, announced his intention to resign as chairman of the Italian fashion brand.
Aramco
Saudi Arabia might be selling Aramco shares for $10 billion as early as June. A picture taken on September 15, 2019 shows an Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh.
YouTubers, Gamers Criticize Take-Two for Kerbal Space Program 2 Failure
A YouTube channel called ShadowZone recently uploaded a video highlighting the history of Kerbal Space Program 2’s development and why it eventually failed.
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