Norway’s central bank enacts big rate hike to tame inflation Posted September 13, 2022 Norway’s central bank raised its key policy interest rate by half a percentage point, saying “inflation has been considerably higher than projected." The rate's increase to 1.7…
EU says US electric vehicle tax credit could break WTO rules Posted September 7, 2022 The European Union expressed concern that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and brea…
Japan’s Toshiba boosts profit on devices, auto sector demand Posted September 2, 2022 Toshiba reported a 44% improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management. …
Nintendo’s profit rises despite shortages of computer chips Posted August 30, 2022 Nintendo’s profit in the April-June quarter rose 28% from a year earlier on healthy demand for its games, although its console sales were dented …
Inflation hits NYC’s bodega favorite: Bacon, egg and cheese Posted August 21, 2022 Ah, the bacon, egg and cheese. The classic bodega breakfast sandwich is a staple in many a New Yorker's diet. It's easy to make, easy to eat on the go and cheap — although not as …
As the online pandemic boom fades, Shopify cuts 1,000 jobs Posted August 19, 2022 Shopify is cutting 10% of its staff, or about 1,000 employees, as the e-commerce company reckons with an unexpected sales downturn after a pandemic-fueled explosion
Toyota’s Japan flagship Crown car to debut on global markets Posted August 13, 2022 Toyota’s flagship model in Japan, the Crown, is going on sale around the world for the first time, including in the U.S. “I’m so excited to announce today that…
UK rail workers go on strike again over pay dispute Posted August 7, 2022 British rail workers went on strike on July 27 over an ongoing pay dispute, a month after the country's most disruptive railway strike in three decades paralyzed train networks ac…
Canada telecom execs summoned after wide service outage Posted August 5, 2022 The federal industry minister said he is summoning telecom executives following an outage at Rogers Communications Inc. that disrupted mobile and Internet service…
Poland’s restrictions-hit areas seek help to revive tourism Posted July 29, 2022 Authorities in Poland’s eastern regions bordering Belarus appealed to the government to help them revive the key tourism sector hobbled by access…