The Walt Disney Company has brought back its previous CEO, Bob Iger, at short notice to replace the man who replaced Iger two years ago, Bob Chapek. Disney has struggled to turn a profit on...
Online retail giant Amazon is planning to cut 10,000 jobs, which is 3% of its global workforce, as it grapples with the uncertain economy taking over globally, the New York Times (NYT) and Wall Street...
The iPhone maker plans to make more of its products in India, signaling frustration with Beijing’s zero-COVID policy and geopolitical tensions. Has the tech giant’s love affair with China hit the rocks? China has been...
Eurozone: The increase outpaced the predictions from economists. The European Central Bank hinted that another interest rate hike was likely on the horizon. Inflation reached 10.7% across the 19 countries that use the euro currency,...
The narrowness of AI will someday be replaced by artificial general intelligence. But will it have the capability to rival human intelligence and creativity? Some of the world’s most advanced artificial intelligence (AI) systems, at...
The German government and leading economists say that Germany is heading toward a recession. What constitutes a downturn and what does that entail? Germany’s economy is facing extremely testing times. First, the coronavrius pandemic took a...
Lebanon is in the midst of a currency crisis and has devalued its local currency. But implementing a new exchange rate policy is set to have catastrophic consequences on people’s daily lives. Lina Boubess, 62,...
Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig have won the 2022 Nobel Prize in economics “for research on banks and financial crises.” The trio were honored for their groundbreaking work on bank...
Liz Truss has endured a brutal start to her tenure as UK prime minister. Her first major policy move led to financial chaos and a humiliating U-turn. Her position is already in doubt, as the...
As energy prices continue to soar, EU member states are holding emergency negotiations on how to soften the blow for businesses and consumers. European Union energy ministers on Friday agreed on a package of measures...
Tornadoes can be destructive and hard to predict. We know why they form and that climate change can play a part — but we can’t always see them coming. Here’s why. Tornadoes can be terrifying...
The luxury sports car manufacturer Porsche is about to start trading on the Frankfurt Stock Exchange. That could raise billions for e-mobility. When a massive cargo ship loaded with Porsches, Bentleys, Lamborghinis and Volkswagens burned...