Registering its second annual decline in a row Mexico's auto production fell by almost two percent last year in comparison to 2022. This is Mexico's flagship industrial sector struggling to pull past the pandemic shocks and also a global semiconductor shortage.

World Business Watch: Mexico's flagship industrial sector struggles

There's been another wave of Covid19 infections across India driven by the Omicron variant of the Coronavirus, and this, of course, had a serious impact on India's aviation sector.

World Business Watch: Air passengers numbers in India decline

Canada could be staring at the beginning of a logistics issue, as Prime Minister Justin Trudeau is pushing ahead with a vaccine mandate for international truckers. The critics have said this will exacerbate the driver shortages and also drive up the price of goods imported from the united states of America.

Canada: Prices of goods imported from United States could go up

Tech giants Google and Facebook have been fined multi-million dollars by France's data privacy watchdog. The tech giants have been accused of making it difficult for internet users to refuse online trackers or cookies.

Google and Facebook fined for cookie breaches

Australia's COVID-19 infections have hit a record high for the third consecutive day, further straining hospital resources and testing facilities handling of the fast-moving omicron.

Omicron: Australia's COVID-19 infections have hit a record high for the third consecutive day

The United Arab Emirates (UAE) government has told some of its biggest business families that it plans to remove their monopolies on the sale of imported goods.

UAE government plans to scrap some family business monopolies

Britain’s Cairn Energy Plc has withdrawn lawsuits against the Indian government and its entities in the US and UK in the retro tax case.

Cairn Energy withdraws cases from US, UK in retro tax case

US retail sales rose 8.5% during this year's holiday shopping season from November 1 to December 24, powered by soaring e-commerce sales.

US retail sales rise 8.5% in holiday season as online shopping booms

china where countries supported by stronger energy production and a moderation in raw material prices its factory output has grown faster than expected last month.

China's factory output rose 3.8% in November

The concerns over the Omicron Coronavirus variant and fresh travel restrictions have led to a spark in hotel booking cancellations globally. It has been said by online hotel search firm Trivago who said that this is threatening to upend the fragile recovery in tourism.

Coronavirus' fresh travel restrictions have led to a spark in hotel booking cancellations

JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday he regretted his remarks that the Wall Street bank would last longer than China's Communist Party, moving quickly to avoid any longer-term fallout.

JP Morgan CEO comment on communist party didn't go well

The number of Americans filing new claims for unemployment benefits dropped to a 52-year low last week, suggesting economic activity was accelerating as a year ravaged by shortages, high inflation, and an unrelenting pandemic drawing to a close now.

United States third-quarter GDP growth revised up to 2.1%

Millions of Americans travel to visit their loved ones for the Thanksgiving holidays in the US. Airports and commercial airlines are registering busiest days since the pandemic began.

United States: Air travel to be busiest on Thanksgiving since pandemic began

Driven by strong demand and almost a decade after it stopped its services in India, American Airlines has started flying nonstop from JFK Airport to IGI Airport.

American Airlines bets on non-stop travel demand

The US tech giants Amazon and Apple have been penalized in Italy for alleged anti-competitive cooperation and price-fixing in the sale of some of their products.

Amazon, Apple handed $225 million in Italian antitrust fines

Inflation is now at 20% in Turkey, as the Lira which is the official currency of Turkey has hit a record low of 13.44 against the US Dollar. Turkish currency crashed by 8% in a single day but recovered by a few cents later.

Turkey: Lira crashed to a new low of 13.44 against the dollar

Spicejet will induct 50 Boeing 737 max planes by 2022-23. Spicejet hopes to phase out its older 737 older Boeing 77 800 ng and replace them with fuel-efficient max planes.

India: Spicejet's global operations to be expanded

President Joe Biden signed into law a $1 trillion infrastructure bill at a White House ceremony on Monday. The white House witnessed a rare bipartisan for the signing.

United States: Joe Biden signs $1 TN infrastructure bill into law

JPMorgan Chase & Co on Monday sued Tesla for $162.2 million, accusing Elon Musk's electric car company of "flagrantly" breaching a contract related to stock warrants after its share price soared.

JP Morgan sues EV maker for $162 MN over warrants

Tesla shares are under pressure, the electric car maker has been poorly performing on the stock market since the day its CEO Musk announced the selling of his shares after concluding a poll on Twitter.

Tesla Shares continue to dip after Elon Musk's tweet

Despite fresh curbs to control the Covid-19 outbreak, China's industrial output grew at a surprisingly fast pace in October, from the same period a year ago retail sales growth also picked up.

World Business Watch: China: Retail sales in October rose 4.9%

Swedish carmaker Volvo is planning to make a car plant in Europe by the year 2025 to boost its production capacity beyond 1.2 million vehicles per year.

World Business Watch: Construction of a new plant to start in 2025

As the global supply crisis and covid-19 hit business consumer spending the Japans's economy contracts much faster in the 3rd quarter, raising challenges for the new govt's growth plans.

World Business Watch: Japan's economy shrinks more than expected

The popular trading app Robinhood announced Monday that millions of its users had their personal information exposed in a data breach.

World Business Watch: Robinhood app hit by data breach exposing email of 5 million customers

Japan's real wages declined in September for the first time in three months as inflation picked up faster than growth in nominal pay.

World Business Watch: Japan's September real wages fell for first time in 3 months as inflation bites

As excitement for cryptocurrency adoption and fears about inflation lend support to the asset class, Bitcoin and ether made record peaks in Asia trade on Tuesday.

World Business Watch: Bitcoin, Ethereum hit new record high, other cryptocurrencies also surge

Protests against price rise continue to haunt Imran Khan's government. Pakistan's economic intelligence unit has said that inflation will rise for the next half year in the country.

Pakistan: Protests against skyrocketing prices, opposition slams PM Imran Khan

According to reports, Japan will create a scheme to subsidise the construction of domestic chip factories with a new plant planned by Taiwan's TSMC likely to be the first recipient.

World Business Watch: Japan to create scheme to subsidise domestic chip output

Helped by booming global demand ahead of winter holiday seasons, an easing power crunch, and an improvement in supply chains that had been badly disrupted by the COVID-19 pandemic, China's export growth has slowed in October beating forecasts.

World Business Watch: China October exports beat forecasts, improvement in supply chains registered

After lifting travel restrictions for much of the world's population first imposed in early 2020 to address the spread of COVID-19, the United States is expecting a flood of international visitors crossing its borders by air and by land on Monday.

World Business Watch: US braces for surge of vaccinated international travellers

Chip designer Advanced Micro Devices (AMD) has been able to skirt most of the problems linked with the global chip supply shortage by forecasting demand years in advance.

Global Chip Shortage: AMD books capacity years ahead to ease crunches

world-business-watch

World Business Watch, News on World Business Watch, stories on World Business Watch, articles on World Business Watch, World Business Watch stories at Wion, World Business Watch news, World Business Watch latest news

world business-watch