The Israel-Gaza conflict and reduced oil production were to blame for the Middle East economies’ underperformance, according to the International Monetary Fund, even though the forecast for the world economy remained optimistic. “The global economy has been surprisingly resilient,” IMF… Read More ›
According to three people familiar with the situation, network giant Cisco plans to restructure its operations in order to concentrate on high-growth areas. This reorganisation will involve the layoff of thousands of employees. As of fiscal 2023, the San Jose,… Read More ›
Hyundai Motor has selected JPMorgan and Citi as investment bankers to provide guidance on its proposed $3 billion initial public offering (IPO) in India, expediting its listing plans in the third-largest auto market globally, according to individuals with firsthand knowledge…. Read More ›
According to headhunters and bankers, job losses at Western investment banks in Asia are anticipated to escalate this year as revenue constraints mount from China’s escalating economic and market unrest, even as transaction opportunities improve in Japan and India. They… Read More ›
Governments and lawmakers in the EU reached a weakened agreement about the labour rights of employees at Uber, Deliveroo, and other internet businesses. After opposition from France, Ireland, Greece, Lithuania, and other nations scuttled the preliminary agreement that the two… Read More ›
Crypto-related ransom payments nearly doubled to a record $1 billion in 2023, according to Chainalysis, a blockchain analytics company. Compared to $567 million in 2022, scammers who target government offices, hospitals, and schools with ransom demands made $1.1 billion last… Read More ›
Deputy Administrator Ilya Espino of the Panama Canal told Reuters that the canal does not anticipate the need for more vessel passage limits until at least April, when its authority would assess water levels at the conclusion of the dry… Read More ›
China’s producer and consumer prices fell in January at the fastest rates in over 14 years, increasing pressure on officials to take further action to boost the country’s flagging economy and reduce the risk of deflation. Since early last year,… Read More ›
In September, a patent for a new high-performance chip was released by a military institute in Beijing. This was the first indication of China’s attempt to reshape the half-trillion dollar global semiconductor business while defying US sanctions. According to the… Read More ›
India’s stock markets have surpassed Hong Kong’s to become the fourth largest in the world as investors swarm to a rapidly expanding alternative to China’s collapsing stock indexes. India continues to draw international investors, who can make a variety of… Read More ›
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