The Real Housewives of Beverly Hills reunion saw an all-time high in tensions as Kathy Hilton got into arguments Andy Cohen questioned Kathy about what “pushed you over the edge” on the final night in Aspen 63-year-old Kathy responded and clarified, “I, therefore, consider, “Okay, I want everyone to have fun.” The Real Housewives of … Read more
According to a local market tracker, K-pop album sales once again hit an all-time high in the first half of this year. According to Kim Jin-woo, head researcher of Circle Chart, which tracks cumulative sales and streams, the top 400 physical albums in the nation saw total sales of 34.9 million copies in the first … Read more
The Fed released its latest check on the state of the economy. Few signs that inflation looks set to rapidly abate anytime soon. Consumer spending moderated as higher food and gas prices dented households’ income. The latest survey paints a picture of a discordant economy. The Fed raised its benchmark month to a target range … Read more
The yen fell to a fresh 20-year low against the dollar on Monday, as red hot U.S. inflation data drove up Treasury yields. Central banks’ efforts to raise interest rates will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings. The yen tumbled … Read more
The Egyptian budget will lose $7.2 billion if oil prices remain at $122 per barrel, according to Finance Minister Mohamed Maiit. Increasing global wheat prices and pressure on the Egyptian pound will cost the government an additional $3 billion. Egypt has been suffering from a foreign currency deficit. The Egyptian budget will lose $7.2 billion … Read more
The Dow closes down 880 points for the day, or 2.5%. The S&P 500 shed 2.7% and the Nasdaq dropped about 3%. The May consumer price index rose 8.6% year-over-year, its highest level since 1981. The Dow (INDU) plunged after a key expansion report missed gauges and showed a higher-than-expected expansion in the cost of … Read more
JetBlue CEO says he is “optimistic” he can reach a deal to acquire Spirit Airlines. Florida-based ultra-low-cost carrier Spirit is the subject of a bidding war between JetBlue and Frontier. Spirit has repeatedly rejected JetBlue’s offer. JetBlue Airways Corp (JBLU.O) Chief Executive Robin Hayes said Friday he is “hopeful” he can arrive at an arrangement … Read more
Yellen said the U.S. is dealing with “unacceptable levels of inflation,” but that she hoped price hikes would soon begin to subside. The Biden administration would likely increase the 4.7% inflation forecast for this year in its budget proposal. U.S. Depository Secretary Janet Yellen advised legislators on Tuesday that she anticipated that expansion should stay … Read more
The average price of a pint of beer in Britain has risen to £3.95 this year from £2.30 in 2008, according to industry tracker CGA. Pubs may need to raise prices further as the cost of barley to make beer jumps with the Ukraine crisis. The typical cost of a 16 ounces of lager beer … Read more
SEOUL: Hyundai Motor, South Korea’s biggest carmaker, logged its record-high earnings last year due to strong demand for high-priced models, the company said on Tuesday. Hyundai’s revenue gained 13.1 per cent over the year to 117.61 trillion won ($98.1 billion) in 2021, topping the previous high of 105.75 trillion won ($88.2 billion) tallied in 2019. … Read more
CAIRO: Saudi Arabia reported its first quarterly budget surplus since the first quarter of 2019, as oil prices are trading at a multiyear high and the government cut down on its social spending and rationalised expenditures, Arab News reported. The kingdom’s budget turned to a surplus of SR6.68 billion ($1.78 billion) in the third quarter of this … Read more
SHANGHAI: Shanghai exported 206,000 motor vehicles in the first half of 2021 (H1), up 1.65 times from the same period last year, Shanghai’s Customs said Tuesday. The total value increased to 20.64 billion yuan (about 3.19 billion US dollars), up 1.9 times year on year, said the customs, adding that the volume and value of … Read more
