In the first quarter of 2023, the world’s shipments of personal computers fell by about a third, with Apple Inc. suffering the biggest decline among the market leaders as the sector battles a post-pandemic slowdown in consumer spending. Market research… Read More ›
According to a senior minister on Monday, Indonesia would seek a free trade agreement for particular minerals exported to the US so that businesses involved in the production of batteries for electric vehicles operating there can take advantage of US… Read More ›
According to the head of the International Monetary Fund, the global economy will expand at a rate of about 3% during the following five years, which will be the weakest expansion since 1990. The future, according to Kristalina Georgieva, is… Read More ›
Although the growth of nonfarm payrolls in the United States in March was roughly in line with projections, there were indications that the employment market is beginning to slow down. Payroll growth for the month was announced by the Labor… Read More ›
The unexpected supply cut by OPEC and its allies sent oil prices soaring, and economists believe that big oil importers such as India, Japan, and South Korea will bear the brunt of the pain if prices reach $100 per barrel,… Read More ›
China’s economic recovery is taking longer than projected, causing Citi analysts to revise their projection for a three-month stock market rebound. Instead of June, Citi predicts the Hang Seng Index will reach 24,000 by the end of September, according to… Read More ›
Walmart Inc. stated on Wednesday that the business would be under pressure from inflation this year and that it would reduce recruiting while developing its automation technology. “We believe, over time, the number of associates will grow, but at a… Read More ›
Notwithstanding high inflation and household debt in some nations, the developing economies of East Asia and the Pacific will have faster growth in 2023 as a result of China’s openness and economic recovery, the World Bank predicted on Friday. In… Read More ›
According to official statistics released on Friday, China’s manufacturing activity grew more slowly in March, raising concerns about the depth of a post-COVID factory recovery amid weaker global demand and a slump in the real estate market. After China’s zero-COVID… Read More ›
After failing to find a funding reprieve, Virgin Orbit will cease operations “for the foreseeable future,” CEO Dan Hart announced during an all-hands meeting on Thursday. Nearly all of the company’s employees will be let go. “Unfortunately, we’ve not been… Read More ›
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