TheCuriousEconomist

Luckin Coffee sells big on their new Boozy Brew

Luckin Coffee, a prominent coffee chain in China, recently brewed up a storm with its new offering: an alcohol-infused latte…

1 year ago

U.S. Retail Sales Surprise with July Jump!

In July, the U.S. retail sales report showed a surprising increase, despite the inflationary pressures and a series of Federal…

1 year ago

Lego Builds Success Despite Industry Decline

While other toy companies are struggling with sales slumps fueled by inflation, Lego is constructing positive results one brick at…

1 year ago

Kleenex to Wipe Away Its Canadian Operations

Kleenex, a household name for facial tissues, is saying goodbye to Canada due to "unique complexities," as stated by Kimberly-Clark,…

1 year ago

China’s Strategic Surge in Semiconductor Imports

Data from Chinese customs shows that in June and July, the country imported nearly $5 billion worth of chip production…

1 year ago

Pouring Money Down the Drain: The €200M Plan to Save Wine!

Time to uncork a bottle of economic intrigue: the French government and the European Union are shelling out a whopping…

1 year ago

China’s Central Bank Cuts Reserve Ratio to Boost Economic Recovery

In a move to bolster its economic recovery, China's central bank, the People's Bank of China (PBOC), announced on Friday…

1 year ago

Swiss Voters Greenlight Global Minimum Tax and Ambitious Climate Law

Swiss voters have made a significant decision to introduce a global minimum tax on businesses and a climate law targeting…

1 year ago

Inflation Takes a Breather: US Sees Lowest Annual Rate in Over Two Years

The inflation rate in the United States receded in May to its lowest annual rate in over two years, as…

1 year ago

Shell Ads Axed Over Misleading Clean Energy Claims

Oil and gas titan Shell has faced a ban on some of its advertisements due to misleading claims about the…

1 year ago

Solar Power Shines: Clean Energy Investments Set to Eclipse Oil in 2023

According to a new report from the International Energy Agency (IEA), global investment in energy is expected to reach approximately…

1 year ago

Oil Prices Bounce Back as Saudi Arabia Announces Major Output Cuts

Oil prices have shot upwards following Saudi Arabia's announcement to cut oil production by a million barrels per day (bpd)…

1 year ago

China’s Export Surprise: A 7.5% Plunge in May Shakes Economic Predictions

In an unexpected economic twist, China's exports fell by 7.5% in May, a far more significant drop than the predicted…

1 year ago

Meta to Sell Giphy to Shutterstock in $262 million loss!

In a surprising turn of events, Meta Platforms has sold Giphy, a popular platform for animated images, to Shutterstock, an…

1 year ago

South Africa’s Fiscal Policy Crisis: A Cautionary Tale for Future Economists

South Africa, a country known for its rich history and diverse culture, is currently facing a crisis. The country's top…

1 year ago

Retirement Riches (for some!): Top Executives Amass Billions While Workers Struggle

The retirement savings of the United States' top executives starkly contrast the struggle of their employees, with a report revealing…

1 year ago

The UK Economy is sick: The Economic Impact of Rising Illness Rates

The UK's economy is ailing, and this isn't just a figure of speech. More Britons than ever are out of…

1 year ago

Ethiopia to break Up Ethio-telecom’s Mobile Payments Monopoly

In a move that could revolutionize the way people in Ethiopia do business, the government has granted a mobile money…

1 year ago

Argentina’s Central Bank Hikes Interest Rate to 97%!

In a bold move to combat climbing inflation, Argentina's Central Bank has escalated its key interest rate by a steep…

1 year ago

China’s Economic Recovery Boosts Sales for U.S. Companies

China's economy is recovering from a slowdown caused by the COVID-19 pandemic, and this is good news for U.S. companies…

1 year ago

Genies CEO Banks on ChatGPT to Supercharge Productivity and Cut Costs

The CEO of Genies, a $1 billion avatar tools company, is investing $2,400 a month on ChatGPT Plus accounts for…

1 year ago

Germany’s Controversial Proposal to Subsidise Electricity for Industry

Germany's economy ministry has proposed to cover 80% of electricity costs for energy-intensive companies until 2030, aiming to support industries…

1 year ago

China’s Green Investment Wave Electrifies Europe’s EV Industry

China's investment in Europe has taken a "green" turn, as they increasingly fund eco-friendly ventures like electric vehicle battery production.…

1 year ago

The AI Revolution: A Double-Edged Sword for the Job Market?

IBM CEO Arvind Krishna disclosed that the company expects around 7,800 jobs to be replaced by AI within the next…

1 year ago

South Africa’s Vape Tax: A Cloudy Future for the Booming Industry

In June 2023, South Africa will impose a flat excise duty of R2.90/ml on nicotine substitutes, including vaping products. This…

2 years ago

UK Blocks Microsoft’s Gaming Power Play

In a surprising move, the UK's Competition and Markets Authority (CMA) has halted Microsoft's $68.7 billion acquisition of video game…

2 years ago

Debt Ceiling Dilemma: US Economy Teeters on the Brink

The US federal debt has skyrocketed to a jaw-dropping $31.4 trillion, dangerously close to the legal borrowing limit known as…

2 years ago

UK Inflation on a Roll: Record Bread Prices Send Inflation Soaring

In March, UK inflation persisted at over 10%, mainly due to skyrocketing bread prices. Consumer prices increased by 10.1%, with…

2 years ago

Thai Exports Struggle: Western Demand Slumps, China Begins Recovery

Thai exports faced a 4.7% year-on-year (YOY) decline in February 2023, marking the fifth consecutive month of contraction. The drop…

2 years ago

Swap to Stop: A Bold New Plan to Snuff Out Cigarettes

In a world-first initiative, one million smokers in England will be encouraged to trade cigarettes for vapes in the innovative…

2 years ago

Green power surge: Renewables shatter records in 2022

A renewable energy renaissance swept the globe in 2022, with wind and solar power propelling worldwide electricity generation to its…

2 years ago

Juul Coughs Up $462M to Settle State Cases Over Teen Vaping Epidemic

Juul Labs Inc, the e-cigarette giant, is coughing up $462 million to settle allegations by six US states, including New…

2 years ago

AI Coworkers: Revolutionising Work for Young Professionals and High Income Earners

Artificial intelligence (AI) is becoming a popular coworker in various industries, especially among higher-income employees. A recent survey by automation…

2 years ago

Some Hidden Truths behind that “Made in the USA” label

A recent survey by the Department of Labor's Wage and Hour Division revealed that some Southern California garment workers are…

2 years ago

Greece launches €200m solar subsidy program to boost renewable energy adoption

Greece has launched a new subsidy program to encourage more households and farmers to install solar projects and small storage…

2 years ago

German Workers Strike Amid Soaring Inflation

German workers began a massive strike this week as Europe's largest economy grapples with soaring inflation. The strikes, which will…

2 years ago

Utah’s Social Media Laws: Will They Protect or Harm Kids?

Utah has just passed some sweeping legislation aimed at protecting children and teens from the negative effects of social media.…

2 years ago

Is the government to blame for Indonesia’s surging rice prices?

The price of rice in Indonesia has been steadily increasing since last year, and experts are wondering if the government's…

2 years ago

Africa’s Economic Decline: Devastating Impact of Climate Change

Africa could be facing a significant economic decline, and climate change is playing a crucial role. Severe weather conditions like…

2 years ago

UBS to the Rescue! Swiss Bank Saves Rival Credit Suisse in Multi-Billion Dollar Deal

UBS has agreed to buy its rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) in a bid to…

2 years ago

Corporation Tax to rise to 25% for the most profitable firms

The rate of corporation tax is going up in the UK! That's right, starting next month, companies with over £250,000…

2 years ago

Argentina Inflation hits 100%

The inflation rate in Argentina has passed the 100% mark this week with consumers particularly hard hit by increasing food…

2 years ago

A bank with over $200 billion in assets has collapsed… how?

You may have heard in the news this week that the Silicon Valley Bank in the US, a bank which…

2 years ago

War in the EV market as Tesla slashes prices again

Tesla has announced price cuts for the second time this year in a renewed bid to outprice competitors and stimulate…

2 years ago

Biden to propose tax hike on highest earners to fund Medicare

President Biden is expected to announce a plan this week to increase tax for those earning over $400,000 a year.…

2 years ago

Funko Pop!’s biggest customer of the year so far… the trash can!

Funko, the company behind Funko Pop! - those vinyl figurines with big bobbly heads, has recently announced its plans to…

2 years ago