The Nikkei newspaper reported on Monday that private equity firm Japan Industrial Partners has made a $15 billion offer to purchase Toshiba Corp. The offer was made just before a looming preferred-bidder deadline. According to the report, the fund was… Read More ›
According to reports quoting people with knowledge of the matter, the U.S. audit watchdog’s onsite inspection of the audit work of Chinese companies with New York stock exchange listings, which began in Hong Kong in September, has concluded. This has… Read More ›
According to research, nearly $2 billion (£1.75 billion) has been spent on virtual land in the last 12 months as individuals and businesses compete to establish themselves in the metaverse. But it will be years before the metaverse becomes a… Read More ›
While increasing interest rates by the most in 33 years, the Bank of England issued a warning that the UK is experiencing its longest recession since records have been kept. It foresaw a “very challenging” two-year downturn for the UK… Read More ›
Based in part on predictions of a decline in global demand for Chinese goods, Barclays lowered its forecast for China’s economic growth to 3.8% for the coming year. Recessions are expected in the United States and Europe next year, according… Read More ›
After regulators raised concerns about fragmented capital markets, the European Union sought to reassure international companies on Thursday that it would work to align its sustainability disclosure rules with a global initiative. To help prevent “greenwashing,” or exaggerated claims about… Read More ›
The social media platform will lose its “magic” if it starts charging $8 per month for a Twitter blue tick and other perks, according to a former executive. According to the platform’s former global communications director Brandon Borrman, all users… Read More ›
According to economists at Goldman Sachs Group Inc., interest rates in the United States could rise to 5% by March 2023, which would be a 25 basis point increase from earlier forecasts. David Solomon, the CEO of Goldman Sachs, stated… Read More ›
According to a business survey that was released on Sunday, British companies believe the doom that currently hangs over their prospects will continue in the near future. In the three months ending in October, the Confederation of British Industry’s (CBI)… Read More ›
McDonald’s Corp beat quarterly comparable sales and profit estimates, aided by higher menu prices and increased restaurant traffic from inflation-weary customers seeking value meals. The stock increased 3.5% to $265.69. McDonald’s, like other fast-food restaurants, raised the prices of its… Read More ›
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