ECB Governing Council member Klaas Knot expressed confidence in inflation reverting to 2% target in 2025, but pointed out a crucial element that remains uncertain: the alignment of wage growth with this lower inflation expectation. In an interview with the Dutch TV program Buitenhof on Sunday, Knot noted he “credible prospect” of it returning to […]
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In September 2025, McDonald’s CEO Chris Kempczinski sounded the alarm about new customer behavior. Kempczinski highlighted a “two-tier economy” that’s fundamentally changing how people eat. The CEO observed a stark divide in the brand’s customer Read more…
An economic downturn in the furniture retail sector has resulted in major home furnishing companies closing stores and filing for Chapter 11 bankruptcy protection to reorganize their businesses. The furniture industry has cited declining sales, Read more…
Market focus remains on oil as the week kicked off with prices surging to USD120 per barrel. They declined quickly again but remain elevated around USD100. The IEA’s announcement of a record release of 400 Read more…