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Innovation & Tools
Artificial intelligence brings 20% of revenue to BCG consulting company
Markets & Industries
World Bank: Stabilization of global commodity prices will restrain inflation slowdown
Companies & CEOs
Toyota sells record number of vehicles during fiscal year 2024
Companies & CEOs
Toyota sells record number of vehicles during fiscal year 2024
In fiscal year 2024, which concluded on March 31, Japan's Toyota Motor Corp. sold over ten million cars, which makes a 7.3 percent increase from the previous year, the company stated. It was the first time that the automaker's yearly sales exceeded...
Italian watchdog fines Amazon €10 mln
Due to their improper business practices, two divisions of Amazon.com Inc. have been penalized €10 million by Italy's antitrust authorities. The authority points out that repeat purchases rather than one-time sales are the default setting for a...
Google to merge Android and Chrome division with Pixel
According to an open letter from Google CEO Sundar Pichai, U.S. Google, a component of Alphabet Inc., will combine the division in charge of building the Android software and Chrome browser with its hardware development business, specifically...
UBS may need to increase its capital by up to $25 bln
According to a proposal put out by the government in reaction to Credit Suisse's failure, Swiss bank UBS Group AG will have to provide a substantial amount of capital, as stated by Finance Minister Karin Keller-Sutter in an interview with the...
Markets & Industries
World Bank: Stabilization of global commodity prices will restrain inflation slowdown
The current recession significantly reduced global commodity prices, which contributed to the previous year's inflation slowdown. This, in turn, could make it more challenging for central banks around the world to swiftly lower interest rates, reads...
India doubles LNG imports in February to 20-month high
According to the Ministry of Commerce and Industry, India imported 2.164 million tons of liquefied natural gas in February 2024, a 56% increase from 1.384 million tons in the same month the previous year. Since May 2022, this level has been the...
Evercore ISI analyst forecasts decline in the S&P 500 to 4750 points
Julian Emmanuel, an analyst with Evercore ISI, believes that the U.S. stock market, which started declining after hitting record highs in March, is entering a slump that would extend through the remainder of 2024, Bloomberg reports. The analyst...
Norway's sovereign fund generates $110B in investment returns in Q1
The largest sovereign wealth fund in the world, the Norwegian Sovereign Pension Fund (also known as the Oil Fund), reported an investment return of 6.3%, or NOK 1.21 trillion ($110 billion), in the first quarter of 2024 amidst soaring stock markets...
In-depth coverage
Mittelstand, Germany’s Hedge Against Crisis
It’s a stormy weather for Europe's biggest economy right now: Germany is facing a recession as high energy costs are becoming a huge burden, for the country's industrial companies especially. All this would be spelling trouble for the entire region if not for the Mittelstand, a bunch of stable German businesses that keep working hard and inspire others.When it comes to discussions about a Germa...
>>> Zoom on Earth
World & Politics
UN FAO: Over 280 million people faced acute hunger in 2023
The UN Food and Agriculture Organization (FAO) stated in a research paper that war, harsh weather, and economic hardships had made the state of food security in 2023 worse than it was in 2022. According to the report, 282 million people across 59...
JPMorgan: Divestment from fossil fuels is hampered by external conditions
The global energy transformation is necessary in view of the evolving reality, believes JPMorgan. Head of Global Energy Strategy at the bank Christyan Malek told the Financial Times, "We need to face the reality that the variables have changed....
China threatens USA with actions in response to steel and aluminum tariffs hike
The Chinese Ministry of Commerce released a statement saying that China will take action in reaction to the United States imposing higher tariffs on Chinese steel and aluminum. China's Ministry of Commerce said in a statement that it "will take all...
France warns of economic consequences of escalation in the Middle East
Global economic consequences could be severe if events in the Middle East worsen, as stated on Monday by Bruno Le Maire, the minister of economics in France. "Whether it is the events in the Red Sea, or escalation in the Middle East, or the...
Management & Strategy
Median compensation of heads of the largest U.S. companies in 2023 reaches record $23.7 mln
According to a survey by consulting firm Equilar, chiefs of the top U.S. corporations received record-breaking median salary in 2023—an increase of 11.4% to $23.7 million. Of the total, $15.3 million, or 64.6%, went into equity compensation....
Shell's head earns over $10 mln in 2023
The company reported that Wael Sawan made a total of 7.94 million pounds ($10.1 million) in his first year as Shell's CEO. Sawan receives a basic pay of 1.4 million pounds, an annual bonus of 2.7 million pounds, and a bonus of 2.6 million pounds in...
US pharma company AbbVie changes CEO
Board of directors of the US pharmaceutical giant AbbVie voted in favor of elevating Robert Michael, current president and chief operations officer, to the position of CEO. Richard Gonzalez, the current CEO, has held the role since the company's...
IBM demands managers in the US go back to working in offices
According to Bloomberg, which cites an internal company document, International Business Machines Corp. (IBM) has mandated that its managers in the United States resume working in offices. Even if they are permitted to work from home, managers are...
Most Popular
P&G recalls 8.2 million packs of laundry pods in the U.S. due to health risks
04/08/2024
Evercore ISI analyst forecasts decline in the S&P 500 to 4750 points
04/19/2024
Google will delete billions of records containing users' personal data
04/02/2024
Bloomberg: Thailand proposes to introduce a single visa for six Southeast Asian countries
04/08/2024
G7 countries ready to take action if Iran continues attacks on Israel
04/15/2024
Innovation & tools
Innovation & Tools
Google will delete billions of records containing users' personal data
Study: 8 million people in Britain could lose their jobs because of AI
Apple to integrate Google's AI model into iPhone
Mercedes-Benz is testing humanoid robots at a factory in Hungary
Discovery
Discovery
Bloomberg lists key economic risks for 2022
Researchers: LEGO sets are better investment than gold and bonds
Expert: Fertilizers shortages could cause famine in the world's poorest countries
OIV: Global wine production will be extremely low in 2021
Reuters: China uses Australian coal despite refusing to import it
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