The last three months have seen the lowest level of activity in the venture capital sector since 2020. Bloomberg estimates that at the start of the year, there were around two new "unicorns" created each day. According to statistics from the analytical firm CB Insights, investor activity in the venture capital market has decreased to its lowest level since 2020. The agency notes that there were...

Last week, a shipment of coal from the Asian region with delivery to Europe was sold at $421 per tonne, setting a record high for Asian coal exports, according to dealers surveyed by Bloomberg. Due to a lack of alternate energy sources and an increase in demand for electricity brought on by the Asian heat wave, energy prices have soared. The price of coal at the Australian port of Newcastle...

According to data issued by China's State Statistics Office, the country's large industrial firms made 3.44 trillion yuan ($514.5 billion) in profits in the first five months of 2022, an increase of 1% over the same period in 2021. Chinese businesses engaged in the mining industry saw an increase in revenues of 1.31 times, to 708.27 billion yuan ($105.9 billion), during the same time that...

Due to significant price reductions on Russian energy resources, Asian importers started to choose Russia, which hurt Iraq's position on the market. According to Bloomberg, China and India, historically the primary consumers of Iraqi oil, increased Russian supply of the commodity. The agency reported that "no spot purchases of Iraqi Basrah Medium or Basrah Heavy crude have been made so far in the...

Jerome Powell, the chairman of the US Federal Reserve (Fed), stated that the watchdog will halt the crucial rate-hike cycle if it observes unmistakable indications of a slowdown in US inflation. The Fed now views a rate increase as a practical means of reestablishing price stability. "We will be watching for clear indications that inflation is reducing in the upcoming months. We anticipate that...

Greek gas suppliers' increased revenues will be subject to a 90 percent tax, according to the Ministry of Environment and Energy. A law to be tabled to parliament by the ministry envisages that a rise in the profit rate of gas supply businesses between 2020 and 2021 would be taxed at a rate of 90 percent, as has happened with the increasing profitability of electricity companies, it added....

Christine Lagarde, the head of the European Central Bank (ECB), told the European Parliament committee that the ECB is moving toward normalizing but not tightening its monetary policy. "We are in the process of normalizing monetary policy," she explained, "but we are not tightening it." Lagarde, in particular, emphasized that, as of July 1, the watchdog would cease net asset purchases under the...

In June, the Japanese government lowered its industrial production outlook for the first time in seven months due to the negative impact of China's quarantine measures. Strict lockdowns in Chinese cities have had a strong negative impact on output by Japanese manufacturers as a result of disruptions in the supply of components and weakened demand in the Chinese economy for memory cards and...

According to Reuters, Tesla has hiked pricing on all its electric vehicle models marketed in the United States owing to persistent supply chain issues and rising raw material prices. The price of the Model Y increased from $62,990 to $65,990. According to Credit Suisse, this is the manufacturer's fourth price hike on a specific model since the beginning of the year. Previous hikes were attributed...