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Companies & CEOs

EC re-fines Intel over violations in PC chip market

Candra DP
The European Commission fined Intel Corp. due to its misuse of the dominating position in the computer chip industry. The news fine was lowered to €376.36 million. The European Court of General Jurisdiction overturned the regulator's earlier ruling...

Number of scam victims on Hong Kong crypto exchange JPEX exceeds 2,000

Jernej Furman
2,086 persons were affected by the loss of cash at the Hong Kong cryptocurrency exchange JPEX, reports RTHK radio station in Hong Kong. According to its records, the police detained three more individuals in the case who ranged in age from 25 to 32....

Disney to increase investments in parks segment to $60B over 10 years

Joe Penniston
The American Walt Disney Co. intends to speed up and expand expenditures in the Disney Parks, Experiences, and Products (DPEP) market area. The corporation plans to nearly double its capital spending on DPEP over a period of 10 years, to around $60...

FT: Billions of dollars of Western companies' profits are stuck in Russia

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Western companies that continue to do business in Russia gained more than $18 billion in profits in 2022. However, Russia had frozen these cash, The Financial Times writes. Raiffeisenbank recorded the highest profit for 2022 at $2 billion....
Markets & Industries

Goldman expects $40bn inflows into India bonds after inclusion in JPMorgan indices

rawpixel.com
According to experts at Goldman Sachs, the inclusion of Indian government bonds in the important developing market government debt indices by JPMorgan Chase & Co. will result in a $ 40 billion increase in investor capital. Passive inflow will be...

ADB worsens GDP growth forecast for developing Asia in 2023 to 4.7%

pxfuel
The Asian Development Bank (ADB) has downgraded its prediction for 2023 economic growth in rising Asia-Pacific nations from 4.8% to 4.7%. In a statement, the ADB stated that its forecast for GDP growth in the next year remained at 4.8%. In these...

Venture capital investments in China lose over 30%

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In the first half of this year, venture capital investment firms in China closed 3072 agreements worth $26.7 billion, according to research firm PitchBook, which was quoted by CNBC. This is a reduction of 31.4% from the same time previous year....

Societe Generale raises its year-end forecast for S&P 500

Advantus Media Inc. and QuoteInspector.com
The S&P 500 will be the "last one left standing" when the U.S. economy enters a recession in the middle of 2024, according to analysts. In light of sustained short-term optimism, Societe Generale analysts increased their forecast for the value of...
In-depth coverage

The challenges Covid-19 is posing to learning, teaching, and working in society

At enlightED Virtual Edition 2020, leaders of higher education institutions discussed taking “a crash course into the future”
>>> Zoom on Earth

For Etienne Couëlle, “the public health and economic crises have demonstrated just how resilient Oberthur Fiduciaire is”

Having been recently appointed as General Manager of Oberthur Fiduciaire, Etienne Couëlle must deal with a global health crisis that is expected to continue impacting economies around the world. Our discussion with this key player in the global security printing provides insight into a business that is as discreet as it is innovative. What has been the impact of the public health an...
World & Politics

South Korea will increase aid to developing countries by 40% in 2024

Republic of Korea
Seoul plans to take into account the needs and features of recipient states, according to President Yoon Suk Yeol. In 2024, the Republic of Korea will boost its provision of official aid to other nations by 40%, said Yoon Suk Yeol, the country’s...

Thailand's new government sets to raise annual GDP growth rate to 5%

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According to Prime Minister Srettha Thavisin, Thailand is "lagging behind Vietnam" in the number of free trade agreements it has signed. The new Thai Cabinet wants to boost production and draw in foreign capital to reach a 5% annual GDP growth rate,...

Natural Gas: A Critical Component of the Energy Transition

Gas pipeline (illustrative picture)
One far-reaching consequence of the Russian invasion of Ukraine has been the total transformation of global gas markets. A global Liquified Natural Gas (LNG) boom has taken place, with LNG markets surpassing the pipeline trade to the detriment of...

Over 90% of US adults cut spending in the last six months

pxfuel
In the previous six months, the vast majority of American people (92%) have reduced their spending, according to a Morning Consult survey cited by CNBC. The most frequent areas where respondents cut costs were grocery (54%), restaurants and bars...
Management & Strategy

McDonald's to raise franchise fee for the first time in 30 years

Marcel Klinger
The largest fast-food restaurant company in the world, US McDonald's Corp., has announced the first price hike for franchise owners in the US and Canada in 30 years, according to Barron's. In some circumstances, the commission will increase from 4%...

Goldman to offer investments in sports clubs

Katie Chan
The Wall Street Journal reports that American bank Goldman Sachs Group is establishing a section of sports investments under its investment banking business. Rich clients will be able to invest in exclusive sports clubs, stadiums, and other projects...

Citigroup to change organizational structure

Antonio Vernon
Citigroup Inc. will fundamentally alter its organizational structure in order to simplify operations and connect the management structure with the bank's business plan. Five business lines' leaders will be promoted, and there will be fewer...

Macy's appoints Olivier Bron as new CEO of Bloomingdale's

Jonathan71
American retailer Macy's Inc. named Olivier Bron as the head of its department store affiliate Bloomingdale's, reports MarketWatch. Bron will take on his new responsibilities in early November after Tony Spring, who left Bloomingdale's in March to...