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Daniela Kirova

Daniela Kirova

Latest articles by Daniela Kirova

China Consumption Recovers, Far Off 2019 Levels

China’s consumption is recovering rapidly from its zero-Covid policy after very negative results in the final quarter of last year. 2022 was one of the country’s slowest years of economic growth in decades. Catering sales fell by a steep 6.3% within a broader decline in retail sales to 43.97 trillion yuan, equivalent to just over […]

Daniela Kirova | 2 minutes | Monday, 30th January

Earning Below $30K a Year Makes You Undatable

One in three couples doesn’t talk about finances until after they get married, a recent survey of 1,000 adults carried out by Western & Southern Financial Group showed. This is worrying as people have financial deal breakers when it comes to dating and partnerships. Survey participants had some surprising answers when asked about what salary […]

Daniela Kirova | 2 minutes | Sunday, 29th January

UK Finance Minister to Push Ahead With Tax Hikes

UK Finance Minister Jeremy Hunt indicated plans to raise taxes on Friday while emphasizing the need to transform Brexit into a “catalyst” for growth of the domestic economy, CNBC wrote. In a speech addressed to Meta, Google, Amazon, and other tech giants, he said the best tax cut would be a drop in inflation. Help […]

Daniela Kirova | 2 minutes | Friday, 27th January

US Rent Contracts in the West, Monthly Median Falls Below $2K

The median monthly rent in the US fell below $2,000 in December 2022 but remains high compared to 2020, Yahoo Finance wrote, citing a report by real estate platform Rent. It dropped to $1,978 in December, constituting the lowest level since April and a 1.41% drop from November according to Rent’s January 2023 report. Rents […]

Daniela Kirova | 2 minutes | Friday, 27th January

Adani Group Loses $11B After Damaging Report

The Adani Group, owned and founded by Gautam Adani, the richest man in Asia and the fourth-richest in the world, struck back at a report accusing the group of accounting fraud and “brazen” stock manipulation, BBC wrote. The group called the report “selective misinformation” and “malicious.” They lost just under $11 billion (£8.7 billion) of […]

Daniela Kirova | 2 minutes | Thursday, 26th January

US Economy Ends 2022 Strong with Lower Inflation

The US economy finished 2022 on a strong note with the GDP in the fourth quarter up 2.9% y/y. This is the sum of all goods and services produced in the last three months of the year, CNBC wrote, citing data of the US Commerce Department. Treasury yields and stock market futures were both higher […]

Daniela Kirova | 2 minutes | Thursday, 26th January

Oil Gains as Global Recession Concerns Subside

Crude oil gained today as global recession worries begin to subside. Analysts expect demand to recover in China. OPEC is not likely to change its output cut decision either, Reuters reported. Brent crude went up 0.3%, or 22 cents to $86.35 a barrel early this morning after losing just over 2% in the prior session. […]

Daniela Kirova | 2 minutes | Wednesday, 25th January

Inflation in Australia Reaches 3-Decade High

In the final quarter of last year, inflation in Australia reached a new 32-year high of 7.8%, the highest peak since March 1990, CNBC wrote. Increased prices of new residential buildings, fuel, and food are behind the annualized figure of consumer price rises, data of the Australian Bureau of Statistics shows. Travel sees highest price […]

Daniela Kirova | 2 minutes | Wednesday, 25th January

Google Defends Mass Job Cuts

Google executives defended the biggest round of layoffs in the company’s history and took questions from worried employees during a town hall meeting on January 23. The meeting was led by CEO Sundar Pichai, who promised executives would take a bonus cut, CNBC reported. Employees removed ‘without warning’ Pichai pleaded with the remaining employees to […]

Daniela Kirova | 2 minutes | Tuesday, 24th January

Markets Await Fed Interest Decision, Treasury Yields Unchanged

As markets wait for mulled the Federal Reserve’s next interest rate decision on Monday, US Treasury yields remain largely unchanged. Investors are mulling the outlook for the broader economy, CNBC wrote. Early this morning, the benchmark 10-year Treasury yield was only up one basis point at 3.45%. The 2-year Treasury yield remained unchanged at 4.185%. […]

Daniela Kirova | 2 minutes | Monday, 23rd January