At its meeting on Thursday, the Governing Council of the European Central Bank (ECB) increased its benchmark interest rate from 0.5% per year to 1.25% by 75 basis points, and anticipates similar hikes at the following few meetings. "The three main interest rates of the ECB will increase by 75 basis points as per the Governing Council's decision.   As a result, starting on September 14,...

According to a projection from the Brazilian mining corporation Vale, there would be a 44% increase in global demand for nickel by 2030 compared to this year. This is because electric vehicle battery producers are in high demand, notes Reuters. The company said in a statement that "the energy transition is expected to cause the demand for nickel to expand quickly this decade." The new prediction...

According to a news statement from the European statistical agency Eurostat, retail sales in the euro zone increased 0.3% in July compared to June. DailyFX surveyed analysts who believed the number increased by 0.4%. Retail sales in the euro region decreased 0.9 percent in July on an annualized basis. Only a 0.7% fall had been anticipated by analysts. Retail sales in the EU increased 0.3% from...

British investors withdrew a record 1.93 billion pounds ($2.23 billion) from equities funds last month, according to the Calastone Stock Association. This net outflow amount was higher than the peaks seen following the 2016 Brexit vote in Great Britain. According to Edward Glyn, head of global markets at Calastone, "markets are pricing in the possibility that inflation could be extremely harmful...

For the first time since the middle of the 1980s, the global bond market has entered a negative period, according to Bloomberg. The reason was a rapid increase of interest rates by global central banks in response to acceleration of inflation. According to Bloomberg, the global bond market has entered a bearish phase for the first time in 40 years as a result of central banks' commitment to...

According to experts at Credit Suisse, the era of low global inflation that was fueled by inexpensive exports from China and Russia may soon come to an end. Due to the breakup of China's economic alliance with the US and the European Union's economic partnership with Russia, the era of low inflation around the world may finally be coming to an end, according to a report from Credit Suisse's...

Around 800 flights operated by Lufthansa and Lufthansa Cargo in Germany will be affected by the one-day strike called by the pilots' union Vereinigung Cockpit on September 2. As a result, 130 thousand passengers may be inconvenienced, according to the airline company. Lufthansa said in a statement that it "had to cancel practically all flights to and from Frankfurt and Munich for Friday due to...

Le Figaro reports that the Italian Ministry of Economy and Finance has found a prospective buyer for the national carrier ITA Airways. A group led by the American investment fund Certares was the sole bidder for the purchase, and the Italian government will now enter into exclusive negotiations with them. Delta Airlines and Air France-KLM are also members of the alliance. The investor in Wizz...

On Monday, Lucid Group Inc. filed for a simplified registration staged offering of up to $8 billion in securities (MSO). This is how the manufacturer of electric vehicles hopes to increase active capital at a time when supply issues are affecting production. The business, which has a market capitalization of approximately $27 billion, earlier this month cut in half its prediction for the...