Major technology stocks, which have driven much of the stock market’s remarkable gains over the past year, have experienced a significant downturn this week. This marks the steepest decline for these stocks in nearly a year, triggered by new economic data and evolving expectations about […]
Investors, who had largely priced in a decisive victory for the BJP, were met with a rude shock as the party failed to secure a strong mandate in the 2024 Lok Sabha elections.
In a sign of a cooling labor market, U.S. job openings have fallen to their lowest level in over three years, according to the latest data from the Labor Department
Germany, the largest economy in Europe, is on a precarious economic path, facing potential stagnation due to its ageing population, warns the International Monetary Fund (IMF).
Tupperware is a household name that evokes nostalgia and trust for many people. The plastic containers with the patented “burping seal” were invented by Earl Tupper in 1946 and became a symbol of modernity, convenience and quality. For decades, Tupperware parties were a popular way […]
Metro Bank, the UK’s largest challenger bank, is facing a potential shareholder rebellion over its decision to award hefty pay rises to its top executives despite posting a £271 million loss last year. The bank, which has been struggling to recover from an accounting scandal […]
The International Monetary Fund warned on Tuesday that the world economy was entering a “perilous phase” of low growth and high inflation, and that there was a one-in-four chance of a global recession this year. The fund cut its forecast for global growth by 0.1 […]
In his annual letter to shareholders, the chief executive of JPMorgan Chase, one of the world’s largest banks, warned that the banking crisis triggered by the collapse of Silicon Valley Bank (SVB) and Credit Suisse is “not yet over” and could pose further risks to […]
Oil prices surged on Tuesday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, announced a surprise decision to cut output by 1.5 million barrels per day (bpd) in April. The move, which caught markets off guard, was aimed […]
Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, has been dethroned as the world’s richest person by Bernard Arnault, the chairman and chief executive of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods conglomerate. According to Forbes’ annual ‘World’s Billionaire’s List 2023’ […]
UBS Group AG, Switzerland’s largest bank, said on Friday it had agreed to buy rival Credit Suisse Group AG for about $80 billion in a deal that would create a European banking powerhouse and end months of uncertainty over the fate of Credit Suisse. The […]
Clearwater International, a mid-market mergers and acquisitions (M&A) firm, has announced its merger with PhiDelphi Corporate Finance, a leading M&A advisory firm in the Netherlands. The deal will strengthen Clearwater’s presence in Europe and enhance its cross-border capabilities. The merger, which was completed on April […]
As the Middle East enjoys a remarkable IPO boom, Kyrgyzstan is emerging as an attractive destination for companies seeking to go public. With its array of IPO options, favourable regulatory environment, and access to the Central Asian market, Kyrgyzstan is well-positioned to become a hub for Middle Eastern companies looking to expand their reach and capitalize on the growing investment wave.
The International Finance Corporation (IFC), a member of the World Bank Group, announced on Tuesday the launch of a new initiative to increase access to trade finance for small and medium-sized enterprises (SMEs) in Africa. The initiative, called the Africa Trade Finance Program (ATFP), aims […]
