Business – JulieSimba

Business

recession risks, housing downturn after third rate hike

recession risks, housing downturn after third rate hike

  The negative impact of interest rate rises on Australian housing prices, household spending and the volume of dwelling investments may hurt consumer confidence and fuel the likelihood of a recession in Australia, analysts and economists say. The Reserve Bank of Australia raised interest rates for the third time in a row on Tuesday. Joining …

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Ben & Jerry's sues Unilever to block sale of Israeli business |  News

Ben & Jerry’s sues Unilever to block sale of Israeli business | News

Company said the lawsuit was necessary to protect ‘the brand and social integrity Ben & Jerry’s has spent decades building’. American ice cream brand Ben & Jerry’s has sued its parent company Unilever Plc to block the sale of its Israeli business to a local licensee, saying it was inconsistent with its values ​​to sell …

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Oil

Austria Plans To Power Industry With Oil Instead Of Gas

Austria’s energy minister said it intends to order industry and utilities to switch from using natural gas as it looks to stockpile more natural gas to help insulate it from being cut off from Russian supplies, Reuters reported on Tuesday. Austria will encourage industry and utilities to use alternate fuels such as crude oil, Austrian …

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Iran and Venezuela Should Serve As Cautionary Tales for Russia

Iran and Venezuela Should Serve As Cautionary Tales for Russia

Four months into the Ukraine war, Russia is reaping bumper revenue from its oil and gas sales — but experts say Moscow should consider other heavily sanctioned countries in recent history, including Iran and Venezuela, as a cautionary tale in the longer run. “Oil-producing nations like Iran and Venezuela, which have been hit with economic …

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Oil prices bounce back from Tuesday tumble as supply concerns return

Oil prices bounce back from Tuesday tumble as supply concerns return

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Register now for FREE unlimited access to Reuters.com Register Oil rises nearly 3% before paring some gains Rate hikes, recession fears still capping price gains – analyst China reports new COVID cases across …

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Igor Bonifacic

Meta sues a site cloner who allegedly scraped over 350,000 Instagram profiles

Meta is taking legal action against two prolific data scrapers. On Tuesday, the company against a company called Octopus and an individual named Ekrem Ateş. According to Meta, the former is the US subsidiary of a Chinese multinational tech firm that offers data scraping-for-hire services to individuals and companies. Octopus also sells software people can …

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