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 ›
Crypto-related ransom payments nearly doubled to a record $1 billion in 2023, according to Chainalysis, a blockchain analytics company. Compared to $567 million in 2022, scammers who target government offices, hospitals, and schools with ransom demands made $1.1 billion last… Read More ›
Deputy Administrator Ilya Espino of the Panama Canal told Reuters that the canal does not anticipate the need for more vessel passage limits until at least April, when its authority would assess water levels at the conclusion of the dry… Read More ›
The outcomes were satisfactory yet insufficient. Wall Street responded in this way on Tuesday to Alphabet and Microsoft’s quarterly earnings. Despite the fact that both companies’ revenue and earnings beat projections, the stocks fell during prolonged trading. The equities were… Read More ›
Traders have bet that the Federal Reserve won’t begin easing policy until May, following a week in which better-than-expected economic data and central banker comments eroded investor confidence in the prospect of an early start to interest rate decreases. The president… Read More ›
Strong investor interest has been seen in a recent batch of U.S. bitcoin exchange-traded funds (ETFs), but it’s uncertain if the inflows will continue at this rate in the coming weeks. In the first three days of trading, investors poured… Read More ›
The country’s ageing population poses a serious danger to the long-term development prospects of the economy by undermining Beijing’s policy objectives for the next ten years, which include increasing domestic consumption and containing spiralling debt. China’s population of over 60s… 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 ›
European coffee roasters have seen a sharp increase in expenses as a result of Houthi rebel attacks on ships in the Red Sea, although merchants and industry analysts say it is doubtful that these costs will be passed on to… Read More ›
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