Commercial Awareness Quiz – August 2023

The Bank of England raised interest rates for the 14th consecutive meeting in August. What were rates raised to?

Which of these high street retailers fell into administration in August?

Which of these countries posted record high youth unemployment of 21.3% and announced they would no longer reveal the statistics going forward?

Which of these franchises was sold to Roark Capital, owner of Dunkin Donuts and Baskin-Robbins, for $9 billion? 

The major banks of one of these countries were hit with a 40% windfall tax after they posted bumper profits due to rising interest rates. The government of this country later capped the tax at 0.1% of assets. Which country was it? 

Fashion giant Tapestry, owner of Coach and Kate Spade, agreed to buy one of these fashion houses for $8.5 billion. Which fashion house was it?

Which of these fast food chains was sued in the US over allegedly misleading customers over the size of their burgers? Claimants allege the images of burgers advertised on their menus are 35% smaller than reality.

Which of these countries was stripped of its AAA credit rating by Fitch? This was due to a decline in the economic outlook and governance standards.

The UK Competition and Markets Authority blocked Microsoft's proposed takeover of Activision Blizzard over concerns about cloud gaming. What did Microsoft do immediately after the decision?

In August, BRICS held their 15th summit and invited new members to its bloc and explored plans for a new currency. Which of these countries is not currently in BRICS?