The Strategist

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Latest News & Analysis
Companies & CEOs

US Lucid Motors sets to raise nearly $3B

Phillip Pessar
Lucid Motors, a manufacturer of high-end electric vehicles in the United States, declared its plan to offer more shares of its common stock in order to raise around $3 billion. Lucid has already reached an agreement with the Saudi Public Investment...

Nvidia hits $1T market cap

NVIDIA Corporation
Nvidia, a U.S. chip manufacturer, reached a trillion-dollar market valuation. According to trade data, the market worth of the American corporation Nvidia rose quickly to $1 trillion. Nvidia became the first chipmaker to attain such a market value...

Singapore-based Temasek investment fund punishes employees invested in FTX cryptocurrency exchange

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Temasek Holdings, a Singapore investment fund reduced financial pays of employees who were in charge of making investments in the cryptocurrency startup FTX Group, which failed last year. Temasek’s internal inquiry determined that the $275 million...

Whistleblower in Ericsson bribery case receives record $279M award from US

Marco Verch
According to the WSJ, US authorities have given a record $279 million prize to whistleblower from Ericsson, who revealed that the Swedish business obtained contracts in poor nations through bribery. A record $279 million award from the U.S....
Markets & Industries

ECB head calls for further tightening of monetary policy

European Central Bank
Additional monetary policy tightening is required because inflation is still too high, said Christine Lagarde, Head of the ECB. Despite mounting indications that previous rate hikes are beginning to take effect, inflation in the euro zone is still...

Corporate capital investment in Australia jumps in Q1

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Australian corporations' investments increased significantly in the first quarter of this year, led by growth in capital expenditures in the mining, manufacturing, and transportation industries. Companies maintained their optimism on investments...

China’s PMI falls short of forecasts in May

Chris
China's manufacturing activity index (PMI) was only 48.8 points in May, according to the National Bureau of Statistics of China, which indicates a fall in activity (less than 50 points). The May index dropped to a five-month low, the level from last...

Brazil proposes to create single currency for South America

Mídia NINJA, CC BY-NC 2.0
The president of Brazil suggested establishing a unified currency for trade in South America. Brazilian President Luiz Inácio Lula da Silva has suggested developing a unified currency for commerce among South American nations, according to a speech...
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

FT: EU plans to provide financial assistance to Ukraine until 2027

Dietmar Rabich
According to the Financial Times, which cites EU officials and diplomats, the European Commission is creating a new plan of financial aid to Ukraine worth "tens of billions of euros" that will last until 2027. It is anticipated that the four-year...

Poland urges the EU to impose sanctions on Belarus

Pavel Kovalev
Warsaw is pushing Brussels to penalise Belarus in a similar manner as Russia, told Andrzej Sados, the Polish ambassador to the EU. "Poland raised the issue of Belarus, the need to immediately impose sanctions on Belarus, at today's meeting of the...

White House and Republicans agree to raise US debt ceiling

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Republicans in Congress and the White House have come to a provisional deal to raise the US debt ceiling. According to the White House website, US President Joe Biden and speaker of the United States House of Representatives Kevin McCarthy have...

EU extends zero imports restrictions for Ukrainian goods

UP9
According to the press office of the international organization, the Council of the European Union (EU) has extended the halt on all taxes and quotas on exports of commodities from Ukraine. In addition to helping Kiev maintain its economy in the...
Management & Strategy

PwC Australia sacks two board members over data leak scandal

Bjørn Erik Pedersen
Following an inquiry into the disclosure of private Australian government information, PwC Australia announced resignation of two members of the board of directors. Additionally, it has put nine of the firm's partners on indefinite leave. The PwC...

Bloomberg: Zuckerberg’s wealth hits record high this year

JD Lasica
According to Bloomberg, Zuckerberg's net worth rose by $44 billion this year. American entrepreneur Mark Zuckerberg's fortune has climbed by $44 billion this year, the most among billionaires, reports Bloomberg. The majority of the billionaire's...

Return of employees to offices slows down in the US

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The pace of US company employees going back to work slowed in the first quarter, reports Scoop Technologies, a company that creates and sells office software, quoted by The Wall Street Journal (WSJ). In the fourth quarter, 49% of US businesses...

U.S. top managers’ remuneration falls for the first time in 10 years

Marco Verch Professional Photographer
Senior managers' pay at the biggest American corporations decreased for the first time in a decade. The total remuneration of 16 CEOs was less than $5 million. According to The Wall Street Journal's analysis of MyLogIQ data, two-thirds of the top...