BloombergNews

South African Grocers Face Scrutiny Over Rising Food Costs

8 months ago

In a significant development concerning consumer welfare in South Africa, the nation's antitrust body has raised alarms over the soaring prices of food in grocery stores across the country. This investigation comes amid mounting concerns from the public about the affordability of essential goods, exacerbating the economic strain on households.

UK Electric Vehicle Market Surges with $2 Billion Carmaker Discounts

8 months ago

Five large carmakers have just announced a $2 billion wide-sweep in cuts for electric vehicles that is set to change the automobile market landscape in the United Kingdom. It's a strategic move made to invigorate sales and put UK car manufacturers at the behest of ambitious environmental targets set by the UK government.

New Zealand Faces Labor Shortage as Workforce Growth Slows Amid Skilled Worker Exodus

8 months ago

According to Bloomberg, New Zealand's labor pool growth is slowing down considerably, mostly because of skilled workers fleeing the country. The most recent figures show a worrying trend for the nation's economy: the labor force participation rate is continuing to fall.

New World Development Halts Trading Amid Reports of CEO Departure

8 months ago

One of Hong Kong's most powerful property groups, New World Development, suddenly suspended the trading of its shares amid reports of a top-management shake-up. The move came amidst swirling rumors and growing uncertainty over the reported exit of the Chief Executive Officer at the helm, thereby causing ripples among investors.