The recession that hit Britain’s economy in the second half of 2023 presented a challenging environment for Prime Minister Rishi Sunak, who has pledged to accelerate growth in front of the anticipated 2024 election. The gross domestic product (GDP) shrank… Read More ›
Amidst investor concerns about lenders’ ability to handle risk and a sharp decline in office prices on both sides of the Atlantic, European banks have around 1.4 trillion euros ($1.50 trillion) in loans to the ailing commercial real estate sector…. Read More ›
According to credit rating firm Morningstar DBRS, banks throughout the world will probably continue to lose money on office property loans as additional defaults result from a brutal collapse in valuations, which was announced on Wednesday. Due to increased borrowing… Read More ›
According to a discussion document released by the European Union recently, the EU may need to do more to encourage private capital to make sustainable investments or risk falling short of its net-zero economy goals. The informal discussion document from… Read More ›
According to LSEG analysts on Monday, the value of traded carbon dioxide (CO2) permits globally hit a record 881 billion euros ($948.75 billion) in 2023, up 2% from the year before. Emissions trading systems (ETS) have been implemented in a… Read More ›
Businesses in the US and Canada have begun the year by eliminating thousands of jobs across a range of industries, a hint that the wave of layoffs that began in 2023 may continue as they try to control expenses. Despite… Read More ›
Governor of the Bank of Israel Amir Yaron affirmed that the nation’s economy was robust and would bounce back from the effects of the conflict, but he also urged the government to resolve concerns brought up by Moody’s, which had… Read More ›
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 ›
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