Germany avoided recession in the third quarter with unexpected growth, but the economy remained choppy as high inflation fueled by a painful energy standoff with Russia surged, according to data released on Friday. According to the federal statistics office, consumer… Read More ›
According to a new report by Google, Temasek, and Bain & Company, South East Asia’s top digital economies grew faster than expected in 2022 and are on track to reach $200 billion in total transaction value this year. The achievement… Read More ›
Sales at Alphabet and Microsoft have slowed sharply, adding to concerns about an economic downturn. Alphabet, which owns Google and YouTube, reported a 6 per cent increase in sales to $69 billion in the three months to September as companies… Read More ›
Britons are starting to turn to energy-saving products such as air fryers and slow cookers to counter the cost of living crisis, according to supermarket chain Asda. In its monthly Asda Income Tracker for September, the company reported a 320… Read More ›
Gloomy Alphabet and Microsoft results fueled fears of a global economic downturn, derailing an earnings-led surge in stock markets on Wednesday, while setting the tone for results from other megacap technology behemoths. The Nasdaq fell nearly 2 per cent as… Read More ›
Tightening markets for liquefied natural gas (LNG) around the world, combined with major oil producers cutting supply, have thrown the world into “the first truly global energy crisis,” according to the head of the International Energy Agency (IEA). Rising LNG… Read More ›
Elon Musk, CEO of Tesla Inc, believes a recession will continue until the spring of 2024, he tweeted on Friday, after initially saying this week that “a sort of recession” in China and Europe was weighing on demand for its… Read More ›
Despite rising inflation, U.S. card companies are expected to benefit as pandemic-weary consumers continue to fuel demand for travel, one of the biggest contributors to revenue. Analysts predict that as more businesses resume business travel and people plan vacations, Visa… Read More ›
Sistema, a Russian telecoms-to-healthcare conglomerate, agreed to a $256 million deal for a stake in Melon Fashion Group on Wednesday, months after the retail outlet canceled plans for an IPO due to the conflict in Ukraine. Melon, based in St…. Read More ›
According to lawyers, Amazon.com Inc is facing a lawsuit in the United Kingdom for up to 900 million pounds ($1bln) in damages over allegations that the online marketplace abused its dominant position by favoring its own products. Julie Hunter, a… Read More ›
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