The Strategist

The Strategist
Latest News & Analysis
Companies & CEOs

KLM airline to cut costs and give up part of its investments

goodfon
KLM, the Dutch airline, has stated its plans to reduce expenses, sell off certain investments, and explore the possibility of selling assets in order to make lasting improvements to its operational and financial performance. The company is confident...

Microsoft to invest €4.3bn in infrastructure for cloud and AI development in Italy

wonderlane via flickr
Microsoft Corp. plans to invest €4.3 billion in the next two years to enhance its infrastructure for cloud and AI development in Italy. In a statement, Microsoft announced plans to invest in creating infrastructure for hyper-scale cloud data centers...

Analysts warn of risks for Walmart and Target due to dockworkers' strike in the US

Mike Mozart
Analysts at Goldman Sachs anticipate that the strike on the Atlantic coast ports in the USA will have a minimal impact on the country's GDP but will negatively affect retailers and manufacturers in industries reliant on sea transportation, such as...

Tesla in Q3 increases electric vehicle deliveries by 6.4% YoY

Jeremy
In the third quarter, Tesla, an American company, saw a 6.4% rise in deliveries compared to the previous year, reaching 462.89 thousand electric cars, as stated in the company's official statement. Sales of Model 3 and Model Y, lower-priced models,...
Markets & Industries

Goldman analyst expects S&P 500 index to add 5% more by the end of the year

Alex Proimos
Scott Rubner, a technical strategist at Goldman Sachs Group, expects that the S&P 500 American stock index could achieve 6,000 points by the end of this year. MarketWatch reports that the forecast predicts an approximately 5% increase in the...

Toyota and Bridgestone refuse sponsoring the Olympics

SYOGOC/Leonard Phuah
Two additional major Japanese sponsors of the International Olympic Committee (IOC) - Toyota and Bridgestone - have decided not to extend their contracts. During a meeting with US dealers, Akio Toyoda, President of Toyota, said that they chose not...

LIBOR rate ceases to exist

picpedia
The Bank of England announced that the last publication of LIBOR data took place on September 30, marking the end of the rate's existence. This impacted all 35 LIBOR rates across various currencies and maturity periods. The British central bank...

Eurozone inflation slows to 1.8% in September

freerangestock.com
Preliminary data from Eurostat shows that annualized consumer prices in the eurozone increased by 1.8% in September 2024. MarketWatch points out that inflation below the European Central Bank's (ECB) 2% target was observed for the first time since...
In-depth coverage

Mittelstand, Germany’s Hedge Against Crisis

It’s a stormy weather for Europe's biggest economy right now: Germany is facing a recession as high energy costs are becoming a huge burden, for the country's industrial companies especially. All this would be spelling trouble for the entire region if not for the Mittelstand, a bunch of stable German businesses that keep working hard and inspire others.When it comes to discussions about a Germa...
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World & Politics

New York tops the rating of the world's leading financial centers

Aurelien Guichard
New York has maintained its position as the top financial center worldwide, as determined by the Z/Yen Group Ltd.'s Global Financial Centres Index (GFCI). New York has maintained its top position in the ranking since autumn 2018. In comparison to...

Only a third of American millionaires consider themselves rich

GoodFon
A survey conducted by Edelman Financial Engines in the US revealed that only 33% of millionaires believe they are wealthy. The study took place between June and July with over 3 thousand Americans aged over 30, and the income of 1.5 thousand...

US, Germany, Spain urge to prevent escalation of Israel-Hezbollah conflict

tasnimnews.com
The escalation of the conflict between Israel and the Lebanese movement Hezbollah has sparked concern in the U.S. and several other countries, leading them to urge for tensions to be reduced in the Middle East. American President Joe Biden stated...

EU to urgently allocate €10 billion to flood-hit countries

Global Water Partnership - a water secure world via flickr
Ursula von der Leyen announced in Wroclaw that 10 billion euros from the European Cohesion Funds will be allocated to EU countries impacted by floods for disaster. She went to the city with the leaders of Poland, Slovakia, the Czech Republic, and...
Management & Strategy

Boeing and striking workers’ union to resume talks

The Lamb Family
Boeing Co. from the US and the International Association of Machinists and Aerospace Workers (IAM) started negotiations again for a new collective bargaining agreement, as reported by Barron's. By not voting on Boeing's 'final offer,' the union has...

WSJ: Google paid $2.7bn to Character.AI startup to bring back an employee

Jon Russell via flickr
According to sources familiar with the matter, Google, a subsidiary of Alphabet Inc., has reportedly agreed to pay around $2.7 billion to AI startup Character.AI for the rights to use its technology in a deal announced in August, as reported by The...

Boeing announces departure of Boeing Defence, Space & Security head Ted Colbert

The Lamb Family
Ted Colbert, president and CEO of Boeing Defence, Space & Security, is set to resign, as reported by ABC News. Steve Parker has been appointed as the temporary leader of BDS. Colbert spent 15 years at Boeing, first as the CIO and later leading...

Volkswagen scraps job retention program in Germany

Christoph Braun
Volkswagen has informed the majority of its German employees represented by the IG Metall union that several labor agreements, including a job retention program until 2029, will be terminated by the end of the year, according to the Financial Times....