The Strategist

The Strategist
Latest News & Analysis
Companies & CEOs

LVMH net profit grows by 17% in 2022

Julien Chatelain
The net profit of French Louis Vuitton Moet Hennessy (LVMH) grew to €14.084 billion by the end of 2022, up 17%. According to a press release from the corporation, a record was set in many of its divisions last year. The company's net financial...

Microsoft reports drop in net profit

Mike Mozart
Microsoft Corp., a global leader in information technology, reported that its net income for the first half of its fiscal year 2022–2023, which finished on December 31, 2022, fell by 13.5 percent from the prior year to $33.981 billion. For the...

Apple to increase production share in India

ajay_suresh
Apple intends to boost its production share in India by 25%, according to the chairman of the Indian Ministry of Commerce. The country's trade minister Piyush Goyal declared that Apple Inc. intends to manufacture up to 25% of its products in India,...

Intel Head tells about new location for chips factory

COSCUP via flickr
By the end of the year, the business will decide where to build a semiconductor facility, according to Intel CEO Gelsinger. The location of the company's new chip facility is being evaluated in a number of nations, according to Intel CEO Pat...
Markets & Industries

IKEA replaces Russian wood with European

Ximonic (Simo Räsänen)
Sanctions led the Swedish business IKEA to stop using Russian wood, but the company managed to find a replacement in Sweden, Germany, Poland, and the Baltic nations, Ulf Johansson, manager of worldwide forestry and timber supply at Inter IKEA parent...

South Korea's Central Bank reports sharp decline in GDP growth

Republic of Korea via flickr
According to figures from the Bank of Korea, South Korea's gross domestic product (GDP) growth in 2022 was 2.6 percent, less than half the 4.1 percent increase in 2021. Imports and exports decreased, and building investment slowed even further. The...

UN expects weak economic output growth in EU

Public Domain Pictures
According to the UN report, due to the energy crisis and inflation, the European Union's economic production will only increase by 0.2% in 2023. "Economic output in the European Union is forecasted to expand by only 0.2 percent in 2023 as the region...

ECB warns of excessive rate hikes risk

hippopx
Ignazio Visco of ECB warned against excessive rate increases. Ignazio Visco, a member of the Governing Council of the European Central Bank, stated on Monday that he did not agree that it would be preferable for the bank to tighten monetary policy...
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

Bloomberg: Russia pushes Urals oil offshore transshipment to record levels

rawpixel.com
Since the implementation of an energy price cap, the transshipment of Russian Urals oil at sea has increased to record levels, according to Bloomberg, which cited tanker tracking data. Shipments of the Urals might reach a record 14 million barrels...

UN expects growth of Chinese economy

UN Photo/Jean-Marc Ferré
In 2023, China's economic growth will increase to 4.8% from 3% in 2022, according to a UN report on the state of the world economy and its outlook. China's GDP expanded by 3% in 2022, which was significantly less than the 8.1% growth seen in 2021...

EU urges to speed up negotiations on use of Bank of Russia assets to help Ukraine

Andrew Bossi
Head of the European Council called "to lend urgency" to the talks on using the $300 billion in blocked Bank of Russia assets for Ukraine's reconstruction. According to Charles Michel, the president of the European Council, EU leaders must continue...

The Netherlands to close the EU’s largest gas field in 2023

pxhere
The biggest gas field in Europe will be shut off by the Netherlands in 2023. Groningen, the largest gas field in Europe, will be shut down by the Dutch government in 2023 because Hans Vijlbrief, state secretary for extractive industries, believes...
Management & Strategy

Evergreen shipping company pays employee bonuses of 50 salaries

Evergreen shipping company pays employee bonuses of 50 salaries
The Taiwan-based shipping firm Evergreen Marine gave its staff an annual incentive equivalent to 50 monthly salaries. Evergreen tripled its 2020 level and increased its gross sales to $20.7 billion annually, up nearly 30% from 2021. According to the...

World’s richest crypto-billionaires lose $116B since March

Noam Galai
According to Forbes USA, the wealthiest crypto-entrepreneurs have collectively lost nearly $116 billion since March. 15 of the 17 wealthiest people have lost more than half of their wealth, and three have lost everything. According to estimations by...

WSJ learns of McKinsey's recommendations to restructure Disney before Iger's return

Josh Hallett
In the final months before to Robert Iger's appointment as the new CEO of the corporation, Walt Disney collaborated with the consulting firm McKinsey & Co. The experts suggested consolidating authority over significant financial decisions made...

Kraken crypto exchange to lay off nearly 30% of staff

Kraken crypto exchange to lay off nearly 30% of staff
Kraken is the third-largest cryptocurrency exchange in the world by trading volume. It will let go of almost 30% of its workforce. The company blamed the upcoming layoffs on the weakened cryptocurrency marketplaces that have emerged since FTX's...