After a spike in demand for travel and food delivery helped the American ride-sharing giant report better-than-expected results for the January-March period, Uber Technologies Inc. forecast quarterly core earnings above estimates on Tuesday. The company’s shares increased by 7%, contributing… Read More ›
On Thursday, US Vice President Kamala Harris and other senior administration officials will meet with the CEOs of Alphabet Inc.’s Google, Microsoft, OpenAI, and Anthropic to discuss important artificial intelligence (AI) challenges. President Joe Biden’s “expectation that companies like yours must… Read More ›
Exports from South Korea saw their worst losing streak in three years in April, falling for a seventh straight month. This sustained decline in sales to China suggests that the economy is still under constant pressure from weak global demand…. Read More ›
After being forced to withdraw its flagship rankings two years ago due to embarrassing disclosures of data discrepancies and favouritism towards China, the World Bank on Monday presented fresh methodology and stronger safeguards for evaluating the business climate in up… Read More ›
Due to the turmoil that has erupted in Sudan, manufacturers of consumer goods from around the world are scrambling to replenish supplies of gum arabic, one of the nation’s most in-demand goods and an essential component of everything from fizzy… Read More ›
According to Chinese state media, China’s top leaders said Friday during a regular meeting that domestic demand is still insufficient. The judgement came after China announced 4.5% GDP growth in the first quarter, which prompted several investment firms to boost… Read More ›
Indermit Gill, the chief economist at the World Bank, is urging new strategies to deal with the growing debt issue that is affecting many nations, including measures to take into account domestic borrowing when determining a country’s debt sustainability. According… Read More ›
Discount shops have profited from Europe’s cost of living problem, but mid-market names are feeling the pressure as consumers restrict their spending, executives and analysts said on Tuesday at an industry conference. The luxury market is still doing well, and… Read More ›
According to economists surveyed by Reuters, the European Central Bank will almost probably raise its deposit rate by 25 basis points on May 4 before raising it to 3.50% or higher in June as core inflation stays stubbornly high. Even… Read More ›
A new crop of filtration technologies that hope to revolutionise how lithium is manufactured for the electric vehicle sector are coming to light as a result of Chilean President Gabriel Boric’s proposal to nationalise his nation’s enormous lithium industry. Boric… Read More ›
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