Illustration: Annelise Capossela/Axios NASA’s successful lunar rocket launch last week will to be a boon for private companies, experts tell Axios. Why it matters: As global economic growth slows, space and lunar exploration could become a source of ignition for new ventures and jobs. The successful launch of Artemis I opens the door for expanding … Read more
Walter Malfatto, 59, reclines in his chair at his ranch, arms crossed as he stares out the window. Clouds are forming in the sky, but the hope of what they may bring fades as the hours pass. “It’s not going to rain today,” he says, resigned to another dry day. Together with his wife, Malfatto … Read more
London CNN affairs — Global growth will slow further in the coming year, but thanks to Asia’s largest economies, the world is likely to avoid a recession. According to the latest forecast from the Organization for Economic Co-operation and Development (OECD), global GDP will grow by 3.1% this year and only 2.2% in 2023. While … Read more
It will be the fourth price increase for the company’s products in 12 months. Forterra said trading was currently “robust” with earnings for the ten-month period ending October 31, 2022, an increase of 23% over the previous time due to higher prices. In a trade update to the City, Forterra said: … Read more
The media industry is hit by massive layoffs and cost-cutting measures while the advertising market continues to show signs of a serious slowdown. Why it matters: For many companies, the challenges are similar to the early onset of the pandemic. But now there are fewer government tools and resources from Big Tech companies available to … Read more
US Treasury yields fell Monday as investors looked to comments from Federal Reserve speakers for hints about future interest rate policy and the central bank’s view on the state of the US economy. Around 7:40 a.m. ET, the return on the benchmark 10 year treasury fell 2.5 basis points to 3.801%. The 2 years treasury … Read more
Crude Oil, OPEC+, Saudi Arabia, Contango, Decline, Volatility, China – Talking Points Crude oil prices reacted sharply to supply suspicions Futures markets can provide hints for WTI direction China’s economic outlook continues to grapple with disruptive constraints Recommended by Daniel McCarthy Get your free oil forecast Crude oil slumped around $5 on Monday to a … Read more
Britain’s economy will be the worst-performing G20 economy over the next two years, excluding Russia, the OECD said on Tuesday, underlining the lasting impact of high energy prices on Europe as a whole. The OECD said in its latest economic forecasts that Britain’s gross domestic product would fall by 0.4 percent in 2023 and only … Read more
LG Chem is a South Korean company. The company plans to invest $3 billion in Montgomery County. Tennessee Governor Bill Lee called it the “largest foreign direct investment” in state history. A South Korean company is heading into Montgomery County in what Tennessee Governor Bill Lee called Monday “largest foreign direct investment in the state’s … Read more
The UK will be the second weakest performer of the world’s major economies next year as the global economy continues to suffer the knock-on effects of the biggest energy shock in four decades, a leading international institution has warned. The Paris-based Organization for Economic Co-operation and Development said only Russia of the members of the … Read more