International News

US trade deficit narrows for a 5th month to smallest in a year

  Bloomberg The US trade deficit shrank for a fifth month in August to the smallest in more than a year, reflecting a decline in the value of imports that’s poised to lend support to economic growth in the third quarter. The trade gap in goods and services narrowed by $3.1 billion, or 4.3% from a month earlier, to $67.4 ...

Read More »

Toronto home prices down 17%

  Bloomberg Toronto home prices dipped again in September and have now fallen as much as 17% from their spring peak, as evidence grows that buyers and sellers are growing wary of doing deals. The benchmark price for a home in Canada’s largest city fell a further 1.2% from August, adding to the string of declines that began in April, ...

Read More »

infodas receives Nites certification from Singapore’s CSA

  Cologne / Gulf Time infodas, leading provider of Cross Domain Solutions (CDS), announces that its SDoT Security Gateway has officially received the (National IT Evaluation Scheme) Nites certification from the prestigious Cyber Security Agency of Singapore. This top-tier certification once again ensures that the SDoT Security Gateway can be deployed in highly sensitive environments, in accordance with national and ...

Read More »

Thousands march in UK cities to protest on cost-of-living crisis

Bloomberg A series of protests filled the streets of the largest UK cities, with people rallying for causes ranging from a cost-of-living crisis and pay rises to protecting the climate. Across Britain, in cities including London, Edinburgh, Swansea and Liverpool, protesters gathered for marches coordinated by the campaign Enough is Enough. They are demanding support to face surging prices, in ...

Read More »

Hurricane Ian to cost US insurers $63bn in claims

Bloomberg Hurricane Ian will cost private US insurers $63 billion in claims and will cause the largest storm-related losses in Florida’s history, according to an estimate from a risk modeling firm. The forecast includes losses to residential, commercial and industrial properties as well as automobiles, Karen Clark & Co. said in a report. Previous estimates cited by industry analysts put ...

Read More »

Tesla set to hit delivery record in rebound from supply strains

Bloomberg Tesla Inc is expected to announce record quarterly deliveries as the electric-vehicle giant tries to recover from supply-chain snarls that crimped output earlier this year. The totals are poised for release this weekend once Tesla finishes sales, the last day of the quarter. Deliveries are one of the most closely watched metrics by investors, underpinning Tesla’s financial results and ...

Read More »

Intel’s self-driving technology Mobileye unit files for IPO

  Bloomberg Intel Corp. has filed for an initial public offering of its self-driving technology business, Mobileye Global Inc., braving the worst market for new US listings since the financial crisis more than a decade ago. The company didn’t disclose terms of the planned share sale in its filing Friday with the US Securities and Exchange Commission. Mobileye will continue ...

Read More »

French car sales pursue rebound in September

  Bloomberg French new car registrations extended a rebound in September, after being hit by the fallout from the war in Ukraine in the first half of the year. France’s new passenger car sales rise 5.5% from a year earlier to 141,142, the PFA auto association said in a statement. That followed a pick-up in sales starting in August. Earlier ...

Read More »

German inflation hits double digits for first time in euro area

  Bloomberg German inflation reached double digits for the first time since the euro was introduced more than 20 years ago, surging more than anticipated after temporary government-relief measures ended and Europe’s energy crisis worsened. Consumer prices jumped 10.9% from a year ago in September, topping August’s 8.8% advance, the Federal Statistics Office said. That’s more than the 10.2% economists ...

Read More »

US jobless claims fall to lowest since late April

  Bloomberg Applications for US unemployment insurance dropped unexpectedly to a five-month low, led by a sizable decline in Michigan, suggesting robust demand for workers amid economic uncertainty. Initial unemployment claims decreased by 16,000 to 193,000 in the week ended September 24, after downward revision in the prior week, Labour Department data showed. The median estimate in a Bloomberg survey ...

Read More »
Send this to a friend