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 ›
Amazon.com Inc’s stock fell about 8% on Friday after the company forecasted holiday-quarter sales that fell short of Wall Street expectations, while its Big Tech peers recovered from a bruising selloff this week. The online retailer’s market cap briefly fell… Read More ›
The European Union has reached an agreement on a law that will effectively ban the sale of new petrol and diesel cars beginning in 2035, aiming to accelerate the transition to electric vehicles and combat climate change. Negotiators from EU… Read More ›
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 ›
Mark Zuckerberg declared virtual reality the next frontier to drive Facebook’s growth a year ago. But there hasn’t been much of it so far. The company’s stock price has dropped, revenues are down, and profits are down. On Wednesday, the… Read More ›
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