Canada's dollar will rally over the coming year as major commodity consumer China loosens its COVID-19 restrictions and the Federal Reserve potentially concludes its campaign to increase interest rates, a Reuters poll showed.
Consumers in Eastern Europe are saving up to put their favourite carp and pork dishes on the table for Christmas as food price inflation, especially in Hungary and the Baltics, outpaces that in the wider European Union.
Christmas can never come too soon for Johann Wanner, the world's biggest purveyor of hand-made festive decorations whose shop in the Swiss city of Basel attracts shoppers from around the world.
Campbell Soup Co raised its annual sales and profit forecasts after quarterly revenue topped estimates on Wednesday, signaling steady demand for its soups and sauces even as the company raised prices to offset rising costs.
European Union plans to shift derivatives clearing worth trillions of euros from London to the bloc have ditched hardline rhetoric in favour of pragmatism that should limit the risk of EU banks losing out to foreign rivals.
Dollarama Inc raised its full-year same-store sales forecast on Wednesday, as the Canadian discount store chain benefited from inflation-weary consumers shopping at its stores in search of cheaper groceries and household supplies.
U.S. stock index futures edged lower on Wednesday after warnings of a looming recession from major Wall Street bankers offset optimism around the easing of China's strict zero-COVID rules.
European motorists could find Russian diesel in their tanks even after bans take effect because regulators lack tools to trace the origin of fuel when it has passed through other countries.
Volkswagen will invest 460 million euros ($482 million) by early 2025 in its Wolfsburg plant, with most of the funds going into preparation for the production of the electric ID.3 model, brand chief Thomas Schaefer said on Wednesday.
Employers have been asking workers with increasing urgency this year to return to the office, while workers are demanding flexibility, creating a tussle that is yet to be resolved as 2022 draws to a close.
