In September, consumer prices in the Eurozone rose by 2.2% compared to the previous year, as per final figures from Eurostat, the statistical office of the European Union. This indicates a rise in inflation relative to August, when it stood at 2%. Initial estimates also suggested a 2.2% rise. Trading Economics reported that analysts did not anticipate a downward revision of this estimate....

Labor actions at two of Europe’s major ports – Rotterdam and Antwerp-Bruges – have led to considerable shipment delays days after storms, according to Bloomberg. Employees tasked with unloading and securing containers on vessels and docks initiated a 48-hour strike at the Port of Rotterdam on Wednesday. The strike mainly impacts the container terminals of the port. Workers from International...

JPMorgan analysts suggest that the rise in stablecoins—cryptocurrencies mainly linked to the US dollar—might drive a surge in dollar demand of around $1.4 trillion by 2027. Authorities contend that the extensive use of stablecoins may reverse the trend of de-dollarization and, in turn, bolster the US dollar's position in international finance. JPMorgan projects the present size of the...

During their September gathering, Federal Reserve officials indicated their readiness to keep reducing interest rates this year, as noted in the minutes. According to the minutes from the Federal Open Market Committee (FOMC) meeting on September 16-17, most believed that additional easing of [monetary] policy during the rest of this year would probably be suitable. After the meeting, the Fed,...

The Financial Conduct Authority (FCA) revealed that British banks must compensate customers £8.2 billion ($11 billion) for issues in the car loan sector. According to the FCA, the initiation and execution of the compensation scheme will expense financial institutions around £2.8 billion, increasing their overall costs to £11 billion. Previously, the authority assessed this figure between £9...

Energy firms are set to allocate around $50 billion for pipeline development in the US in the upcoming five years due to rising natural gas demand and surging LNG exports, as reported by the Financial Times. According to consulting firm Wood Mackenzie, midstream companies are constructing or intending to construct 8,800 miles (14,160 km) of pipelines nationwide. According to the Energy...

Online sales in the United States from November 1 to December 31 are projected to increase by 5.3% compared to the previous year, reaching $253.4 billion, according to Adobe Analytics. In the prior year, e-commerce during the holiday period rose by 8.7%. Adobe anticipates the peak shopping day this year will be Cyber Monday—the Monday following Thanksgiving (November 27). It predicts online...

The London Stock Exchange (LSE) has fallen out of the top 20 IPO markets worldwide, trailing behind exchanges in Singapore, Mexico, and Oman, among others. In Bloomberg's third-quarter rankings, the LSE dropped three positions to 23rd. IPO volume at the UK exchange dropped 69% this year to $248 million, marking a low not seen in over 35 years. This year's largest IPO in London was the share...

Oil and gas firms in Texas, northern Louisiana, and southern New Mexico are experiencing decreased business activity, increasing expenses, and, on average, anticipate higher oil prices. A study by the Dallas Federal Reserve Bank, which surveyed 93 exploration and production firms and 46 oilfield service contractors in mid-September, indicates that some anticipate the onset of the shale industry’s...