Car parking has become as important as cars in climate change efforts

Vcg | China Optical Group | Getty Images It’s not just cars that will go through the energy transition in the coming years. Parking lots where electric vehicles are recharged are a growing focus of construction efforts linked to climate change and carbon abatement. A law approved in France last month requires that car parks … Read more

AWS is facing cost-sensitive customers in Reinvent as economic concerns mount

Amazon Web Services has been its parent company’s biggest growth engine for most of the past decade, taking business from some of the world’s largest technology vendors. But as companies face the most challenging economic environment since the 2008 financial crisis, those massive checks you write to AWS about its tech infrastructure are under even … Read more

Oil production cuts are on the table before Russia sanctions

OPEC+, a group of 23 oil producing countries led by Saudi Arabia and Russia, will meet on Sunday to decide on the next phase of production policy. bloomberg | bloomberg | Getty Images Oil producers from the Organization of the Petroleum Exporting Countries and beyond may impose deeper cuts in oil production on Sunday, energy … Read more

South Korea inflation, US jobs report, COVID-19 in China

Singapore and New York ranked the most expensive cities to live in: EIU Singapore and New York were named as the most expensive cities to live in this year, according to Economic Information Unit (EIU). The average price of goods in 172 major cities globally has risen by 8.1% in local currency terms this year, … Read more

Avoiding a retirement account requires minimal distribution errors

Kemal Yildirim | E + | Getty Images You have about a month left to make sure you get it right when it comes to mandatory withdrawals from retirement accounts. Required Minimum Distributions, or RMDs as they’re called, are annual amounts that must be taken out starting in the year you turn 72 — up … Read more

factory activity in China at the lowest reading since April; Asian markets are mixed

Bitcoin briefly surpasses $17,000 to its highest level since mid-November Bitcoin briefly surpassed $17,000 in the morning Asian session for the first time since mid-November. bitcoin It increased by 2.2% over the previous 24 hours, according to currency metrics It was last traded at $16,863.07 per coin. ether It also rose, up 4.74% in the … Read more

Hong Kong shares jumped more than 3% ahead of China’s Covid briefing

Pinpoint Asset Management expects a positive message to be delivered in the China Covid briefing China’s State Council is expected to send a positive message at the upcoming Covid press conference, but the announcement will not include a “milestone,” said Pinpoint Asset Management president Zhiwei Zhang. “I think the message will actually be positive… there … Read more

Hong Kong stocks led losses in Asia due to Chinese unrest, and oil is at a low in 2022

‘Not at all’ easy to shift production of Zhengzhou China’s latest Pro iPhone: Analyst Martin Yang, senior emerging technologies analyst at investment firm Oppenheimer, told CNBC that it is “not easy at all” to shift production of the latest Pro iPhones from the Zhengzhou factory as workers’ revolt against China’s no-Covid policy damages supply chains. … Read more

Inflation is declining. Here’s what that means for your annual salary increase

Physics | iStock | Getty Images Inflation and annual wages are not in a one-to-one relationship. This became apparent to many workers last year when annual merit increases in salaries and wages were nowhere near the highest levels of inflation in four decades. Many employees stuck, even as wages increased by more than has been … Read more

Congress may make it easier to allocate funds for emergency expenditures

Thomas Barwick | Digital Vision | Getty Images Many families struggle to get money when faced with an unexpected $400 expense. This lack of emergency savings may force them to borrow money at high interest rates to pay for sudden expenses, putting their financial security at risk. Now Congress has a window to address this … Read more