According to a highly respected business survey released Wednesday, corporate executives are pessimistic about their outlook, with an overwhelming majority of them now forecasting a recession. According to the Conference Board’s survey of CEO sentiment, 57 per cent of the respondents now expect inflation to… Read More ›
J.D. Power and LMC Automotive, two consultant firms in the auto industry, have both lowered their worldwide light vehicle sales projection for 2022, citing lockdowns in China as well as the ongoing conflict in Ukraine as the factors that has impacted auto manufacturing in the sectorsecin. The… Read More ›
Marks & Spencer is shifting away from town centres, citing an increase in online clothing and homeware sales. During the pandemic, the firm stated, the shift to online purchasing “raised the pressure” to shrink its clothes and home trade space…. Read More ›
Members of the World Health Organization formally decided to overhaul the organization’s finance mechanism, which has been characterized as “fundamentally rotten” because to its dependence on the whims of donors. The strategy, which has already been agreed to last month by… Read More ›
On Wednesday, in a significant development drugmaker Pfizer Inc said, all of its patented medicines including COVID-19 treatment Paxlovid and big-selling breast cancer drug Ibrance will be made available at not-for-profit prices to 45 of the world’s poorest countries. The bouquet… Read More ›
In a statement the CEO of French cosmetics group L’Oreal said, it has not seen any inflationary impact on purchases of its beauty products. “So far we see no impact of inflation and price impacts on consumers’ beauty consumption,” said L’Oreal… Read More ›
In a significant development the Air Forces of Russia and China conducted a joint aerial patrol over the Sea of Japan, East China Sea and the Western Pacific. In a statement China’s Defense Ministry said, the patrol was part of… Read More ›
In a statement German Finance Minister Christian Lindner said, it was impossible to say how much it would cost to rebuild Ukraine. “The Ukrainian side doesn’t talk a lot about reconstruction. The priority is stopping the war, the priority is… Read More ›
On Tuesday, France’s health authority recommended a targeted vaccination campaign against monkeypox for adults who are at risk, including for those who have been in contact with a patients who have contracted monkeypox. Health staff who have been exposed to… Read More ›
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