The Strategist

The Strategist
Latest News & Analysis
Companies & CEOs

Walmart loses 6.8%of operating profit in Q2

JJBers
Walmart Inc. anticipates a lower annual profit decline than forecasted a month ago. The company stated on Tuesday that it exceeded forecasts for quarterly sales because to significant reductions for excess sales and decreased gasoline prices....

Henkel's net profit falls in the first half 2022

RaymondClarkeImages
The attributable to shareholders net profit of Henkel AG, one of the top producers of household and industrial chemicals worldwide, decreased by 50% in yearly terms in the first half of the year, to €447 million. Comparatively to January through...

Five Chinese state-owned companies are leaving the NYSE

Michael Zanussi
Five state-owned Chinese corporations, including the world's largest oil company Sinopec, have declared that they will remove their American Depositary Shares from the New York Stock Exchange. According to Reuters, the Chinese firms informed the...

Reuters: Shell stops oil production on three platforms in the Gulf of Mexico

AntonioMartin
Anglo-Dutch Shell has ceased oil production at three deepwater rigs in the Gulf of Mexico as pipelines connecting them were blocked, according to a statement from the company. Shell has shuttered its Mars, Ursa, and Olympus platforms as well as its...
Markets & Industries

World wheat prices drop eight percent after the grain deal

Shariot Sharif
At a news conference with Turkish President Recep Tayyip Erdoğan and Ukrainian President Volodymyr Zelenskyy, UN Secretary General António Guterres said that wheat prices worldwide dropped 8% as a result of a food agreement. "There are indications...

UNCTAD: Cryptocurrencies become new tax havens

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According to a study by UN Conference on Trade and Development (UNCTAD), cryptocurrencies help to muddle the tax base and undermine capital controls in emerging economies. UNCTAD analysts concur that cryptocurrencies weaken capital controls and the...

German industrialists: Drought and low water levels threaten supply security

Daderot
Due to the shoaling of German rivers brought on by the drought, the Federal Association of German Industry (BDI) expressed concern about the logistics situation. "The supply security of industry is threatened by the ongoing dry season and low water...

Number of operating oil & gas rigs falls in USA

Bureau of Land Management via flickr
Baker Hughes, an oilfield services provider, reports that the number of operating oil and gas rigs in the United States fell for the second consecutive week. Due to the fact that oil output is not anticipated to return to pre-pandemic levels until...
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

Israel and Turkey restore diplomatic relations

pxhere
Israel and Turkey have decided to formally reestablish their diplomatic ties and send their ambassadors, who were called back. Then, the nations' positions on the situation in the Gaza Strip diverged: Israel was referred to as a "terrorist state" by...

Bloomberg: Risk of recession in Eurozone grows to its highest since November 2020

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According to the experts surveyed by Bloomberg, the likelihood that the eurozone economy will experience a recession has increased from 45% to 60%. This level is the peak since November 2020. Germany's economy is forecasted to enter a period of...

Ukraine receives €200M in preferential loan from Italy

Mr ATM
The €200 million loan has no interest and will be used by Ukraine to pay teacher wages, the Ukrainian Finance Ministry announced on its website on Wednesday. "The Italian Republic granted Ukraine a €200 million concessional loan on August 15, 2022....

Fitch and S&P consider Ukraine's debt restructuring as default

Mr ATM via flickr
Fitch Ratings and S&P Global Ratings, two influential international rating organizations, have reduced Ukraine's foreign currency ratings to "RD" (restricted default) and "SD," respectively. Fitch Ratings claims that the country could complete a...
Management & Strategy

I trust you: Four sides of fairness inside company

pxhere
Trust is the currency of business, and companies need to build strong relationships with different parties. Fairness is one of the reasons for trust, including in business. Being fair to employees is difficult because the consequences are often...

Google co-founder gives away $127 million worth of stock to charity

Thomas Hawk
According to documents posted on the Securities and Exchange Commission website, Sergey Brin, Alphabet's co-founder and top shareholder, sent to charity 1.07 million shares for a total of $127 million on August 8. Recipients of the share transfers...

Online broker Robinhood will lay off 23% of its employees to cut costs

ccnull.de
Approximately 23% of the personnel at the well-known trading platform Robinhood Markets will be let go as the online broker's business suffered as a result of a dramatic decline in user trading activity. The CEO and co-founder of the online broker,...

Credit Suisse announces major strategy review due to losses

Ank Kumar
Ulrich Körner, a specialist in asset management, has been named the new CEO of Credit Suisse. The Swiss bank, which is currently going through another round of management changes, has also announced a significant strategic review in an effort to...