The signs of a global economic downturn can be observed in historically high inflation in many global markets, fueling recessionary fears. The Russo-Ukrainian war and aggressive interest rate hikes to curtail inflation have resulted in...
Google parent Alphabet said that the layoffs were due to a “changing economic reality” and that hires had been made during times of growth. The move follows similar cuts at Microsoft, Amazon and Twitter. Google...
Sweden’s state mining company said it found vast amounts of rare earth minerals in a town in northern Sweden, which has the world’s largest underground iron ore mine. Rare earths are used for manufacturing electric...
Chinese businessman Jack Ma is to cede voting rights at the Ant Group in an overhaul prompted by a government crackdown. Ma has largely disappeared from view after criticizing the regulation of tech companies in...
The giant retailer said it had “hired rapidly” over the past few years. It also cited the “uncertain economy” as a reason for its latest round of job cuts. Giant retailer Amazon announced on Wednesday...
Record inflation, high debt levels and weak currencies sent the cost of living soaring in many parts of sub-Saharan Africa throughout the year. When Richard Gbewornyo graduated as a videographer in Accra, he was ready to...
As the EU tries to finalize its hydrogen rules, Asian countries are moving fast to secure deliveries and the US is committing money to set up local supply chains. Can the Middle East collaborate with...
“Tap, scan the QR code and payment is successful’’ has become a very familiar phenomenon to many Indians, especially in the urban area. The ease, convenience and frictionless privilege to access one’s funds without using...
Dubai-based DP World is expanding its operations in Somaliland as part of a plan to turn the breakaway region into a major trade hub. Even though Somaliland relinquishes commercial power, it may gain political weight....
UK activist investor Bluebell Capital has called on BlackRock to replace CEO Larry Fink over his failures to move the money management firm beyond investments in fossil fuels. Larry Fink’s annual letter to CEOs is...
Seven of the G10 central banks pumped the brakes between last week and this week as they purposely seek to push demand back into line with supply. And there are more signs that they are...
A report by the International Energy Agency says energy insecurity amid war in Ukraine is spurring a renewable power surge. Experts predict the sector will soon surpass coal as the world’s largest electricity source. The...