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Companies & CEOs

Jeff Bezos to give another $443m to fight climate change

Dan Farber via flickr
One of the world's richest men, Jeff Bezos, last year pledged to give $10bn to fight climate change by 2030. He has only paid out $791m of the pledge. On 6 December it was revealed that the billionaire will give a further $443m to climate...

Saudi Aramco sells 49% in its subsidiary

Maureen via flickr
Saudi oil and gas company Saudi Aramco has agreed to sell 49% in its new subsidiary Aramco Gas Pipelines Company to a consortium led by BlackRock Real Assets in a deal worth $15.5 billion, the company said in a statement. "Saudi Aramco signed a 15.5...

Saudi Aramco signs a series of agreements with French companies

Jason Woodhead
During the visit of French President Emmanuel Macron to Saudi Arabia, Saudi Aramco, the Saudi state-owned oil and gas business, struck five deals with prominent French firms, including one with JOSEN to develop hydrogen vehicles. "We have signed a...

Thailand's Central Retail to buy British Selfridges for $5.3B

piqsels
Central Retail, a Thai corporation, will purchase Selfridges, a British luxury department store, for £4 billion ($5.3 billion), said The British publication The Times, citing sources. According to reports, the purchase might be completed before the...
Markets & Industries

Analysts: 179 companies left major US exchanges in 12 months

Ajay Suresh
According to research firm Finbold, 179 businesses have departed the two main US stock markets, the New York Stock Exchange (NYSE) and the NASDAQ, in the last year. The overall number of issuers on these exchanges is at 6,000, down about 3% from the...

Goldman Sachs cuts US GDP growth forecast for 2022

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According to Goldman Sachs, US GDP will expand by 3.8 percent in 2022, lower than the 4.2 percent originally predicted. The omicron strain, according to the bank's economist Joseph Briggs, may impede the economic recovery, reports Reuters. According...

Researchers: LEGO sets are better investment than gold and bonds

Public Domain Pictures
In a study published in the journal Research in International Business and Finance, economists at the Higher School of Economics found that old LEGO kits show a better return on investment over time than stocks of large companies, gold, bonds and...

Bank of America gives oil price forecast for 2022

Greg Goebel
US banking giant Bank of America (BofA) predicts the average price of Brent crude will be $85 a barrel next year, the bank's global head of commodities and derivatives research, Francisco Blanch, said. "We believe the average price of Brent crude...
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

IMF sees risks to the global economy from omicron strain

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The International Monetary Fund (IMF) has warned that the emergence of new COVID-19 strains could jeopardize the global recovery. This was revealed by IMF Chief Economist Gita Gopinath during an online conference hosted by the International...

Share of global wealth rises to record levels during the pandemic

pxhere
The World Inequality Report 2022, produced by the French research organization World Disparity Lab, which examines global inequality, claims that the pandemic has greatly exacerbated wealth inequality. According to the report, 2,750 billionaires now...

Musk forecasts rapid growth of China's economy

James Duncan Davidson
China's economy will soon be two to three times the size of the US economy, said US entrepreneur and SpaceX founder Elon Musk. He noted that the US has the largest economy in the world "for a long time". "Now we are approaching a situation where...

IEA: Renewable energy to grow by 290 GW in 2021

Rawpixel
According to a research issued by the International Energy Agency (IEA), renewable energy output would grow by 288.9 GW by the end of this year. This will shatter the capacity growth record set in 2020. Solar panels, wind turbines, and other...
Management & Strategy

6 tips for an executive to make the company calm

pxhere
Business is not only a dream come true, independence and development, but also a source of stress. You have to achieve goals, fulfil plans, fight for your staff, conquer the world. Nervous tension is transmitted from managers to employees, from one...

Axel Springer will require employees to report office romances

Fred Romero
Media group Axel Springer SE wants to require its nearly 16,000 employees to report intimate relationships between managers and subordinates, the Financial Times reports. This follows a high-profile scandal in which the editor-in-chief of Bild...

PWC: Companies with their own value system prove more resilient during crisis

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According to the PwC report, companies with a strong corporate culture have adapted better to the current crisis caused by the COVID-19 pandemic, with employees complaining less about slowdowns in work processes and difficulties in communicating...

Obscure numbers: Why scorecards don't help make business better

pxfuel
Technologies enable us to collect a huge number of indicators. The accuracy of numbers creates the pleasing illusion of no ambiguity, and our ability to receive and process them creates an equally pleasing sense of control. But there are times when...