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 ›
Meyer Burger, a Swiss solar panel manufacturer, has warned that it may have to close its loss-making production unit in Germany unless the government intervenes with financial support. Meyer Burger is facing intense competition from China. “Chinese manufacturers are deliberately… Read More ›
Chinese fund management organisations are increasingly introducing equities funds that are mostly funded by the company’s own capital in response to strong demand from regulators to assist revitalise a struggling stock market. As authorities rush to rescue a stock market… Read More ›
Volvo Cars, which opens a new tab in Davos on Wednesday, defies more pessimistic predictions from competitors by maintaining confidence in “tremendous growth” in the electric vehicle sector, CEO Jim Rowan told the Reuters Global Markets Forum. The automaker stated… Read More ›
When it comes to their next job, workers prioritise work-life balance over salary, and they also value training in tech and artificial intelligence (AI), according to a new report released on Wednesday by Randstad, the largest employment agency in the… Read More ›
Game, a UK high-street retailer, has announced that it will be closing its used video game division. According to parent business Frasers Group, the company will phase out trade-ins over the next few months. However, while supplies last, used games… Read More ›
Global investors, who entered 2024 uncertain about the duration of stock market rallies and the timing of rate cuts by central banks, may decide to reduce their risk exposure as a result of the abrupt escalation of the Gaza conflict…. Read More ›
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