Companies from specific industries will no longer be permitted to list on Chinese stock exchanges, according to the China Securities Regulatory Commission (CSRC), reports The Financial Times (FT), citing sources. The corporations in the food industry have already been given the "red" rating, according to the FT. Additionally, businesses that make coronavirus detection tests were subject to the...

According to information provided by the European Union's statistical office, the unemployment rate in the euro area stayed at a minimum of 6.5% in November 2022. A record low of 10.84 million people were unemployed as of October, a decrease of 2,000 over the previous month. Unemployment among young people's (under 25) increased to 15.1%. Spain had the highest unemployment rate, at 12.4%. The...

The U.K. labor market continued to deteriorate in December, according to the results of the employment agency poll that was issued on Tuesday. This suggests that long-term inflationary pressures may also decrease. The monthly jobs index, calculated by the Recruitment and Employment Confederation (REC) and KPMG, dropped from 54.1 in November to 53.0 in December, its lowest level since February...

Nikkei: The number of insolvent businesses in Japan increased to 6,400 for the first time in three years. According to Nikkei, there were 6.4 thousand insolvent enterprises in Japan in 2022, a 5% increase. The newspaper notes that the number grew for the first time in three years. Additionally, if the total debt of bankrupt enterprises was $8.3 billion in 2021, it was already $17.4 billion in...

From November 1 to December 24, retail sales in the US increased 7.6% over the corresponding period in 2021, said Mastercard Spending Pulse, a research division that monitors Mastercard card purchases. Sales for the holiday season were expected to grow by 7.1%, although the growth was higher than what Mastercard Spending Pulse forecasted in September. However, the figures fell short of the 8.5%...

According to SWIFT's monthly bulletin, RMB payments increased by more than 15.6% in November 2022 compared to a 19.86% fall in October. Only 3.9% more payments were made in other foreign currencies during the month. The demand for international payments placed the Chinese yuan in the fifth position with a share of 2.37% (up from 2.13% in October). With a share of 1.63% in November's...

The ECB will keep raising the key rate in 2023, according to spokesman Knot. According to Klaas Knot, the head of the Dutch central bank, the ECB will tighten monetary policy between now and July 2023 at "a pretty decent pace." The key rate will be growing by 0.5 percentage points until it reaches its summer high, reports The Financial Times on Monday. In an interview, Knot stated, "The...

Major U.S. corporations' logistics managers were surveyed by CNBC, and the majority of them said that they didn't think the world's supply chains would function well until at least 2024. The journalists surveyed 341 managers from American businesses included in the National Retailers Federation (NRF), the American Apparel and Footwear Manufacturers and Retailers Association, and other large...

Boeing’s top executive told suppliers that the company sees strong signs of market recovery. The company has appointed a new supply chain executive tasked with restoring industrial supply lines to "as favorable a condition as possible". Ihssane Mounir, the newly appointed head of internal and external supply chain, will integrate supply chain strategies and requirements across all aircraft...