The Strategist

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Companies & CEOs

LG Electronics ponders postponing Indian subsidiary’s IPO due to market volatility

DennisM2 via flickr
Bloomberg reports, citing sources, that South Korean LG Electronics Inc. has halted its plans for the IPO of its Indian subsidiary because of market fluctuations. They stated that the company has informed advisers about the possibility of delaying...

Posco to join Hyundai Motor in building steel plant in US

Ian Muttoo
Hyundai Motor of South Korea revealed that it has signed a memorandum of understanding with Posco Holdings to collaborate on building a steel plant in the United States. As stated at the close of March, Hyundai Steel (a division of Hyundai Motor)...

The US Congress demands that BofA and JPMorgan abandon CATL's IPO in Hong Kong

Jim Trodel
A congressional committee in the U.S. urged investment banks JPMorgan Chase & Co. and Bank of America to not engage in the preparations for the IPO of Chinese battery producer Contemporary Amperex Technology Co. (CATL) in Hong Kong, according to...

Meta spends $14 million on Zuckerberg's security in 2024

Anurag R Dubey
The overall compensation for American Meta Platforms' founder and CEO Mark Zuckerberg in 2024 rose by $2.8 million, totaling $27.2 million, as announced by the company in a statement on the U.S. Securities and Exchange Commission (SEC) website....
Markets & Industries

Lagarde says the ECB has almost reached its inflation target and will remain flexible

STEPHEN JAFFE/IMF Photograph
Christine Lagarde, the head of the European Central Bank (ECB), informed CNBC that the institution has nearly achieved its aim of restoring inflation to its 2% target, yet should stay adaptable in light of increasing economic unpredictability from...

Citi raises gold price forecast for three months to $3,500 an ounce

BullionVault
Citi Research analysts have increased their gold price prediction for the upcoming three months to $3500 per ounce, up from the earlier anticipated $3200 per ounce. In their view, the desire to purchase precious metals is fueled by worries regarding...

WTO head: Trade war between the US and China may drag the world into recession

World Trade Organization via flickr
According to Ngozi Okonjo-Iweala, the head of the World Trade Organization (WTO), if the trade war between the US and China persists, the global GDP will contract by 7% in the long run. The standoff between the countries could divide the world into...

ECB keeps softening monetary policy “to support European economy”

ecb.europa.eu
During a meeting on Thursday, April 17, the European Central Bank (ECB) once more lowered the deposit rate to 2.25%, which influences the monetary policy direction. During a meeting on April 17, the ECB cut the deposit rate, which sets the...
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...
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World & Politics

IMF expects global state debt to hit 100% of world GDP by 2030

goodfon
According to analysts from the International Monetary Fund (IMF), public debt across the globe will rise to nearly 100% of global GDP by 2030, attributed to U.S. tariffs and a deceleration in economic growth. Their projections indicate that global...

EC praises Ukraine's preparations for EU accession

Andrew Bossi
The European Commission views Ukraine's readiness for EU accession discussions favorably, but this necessitates the approval of all EU member nations, said EC spokesman Guillaume Mercier during a briefing. “Expansion continues to be a top priority...

Pope Francis funeral is scheduled for April 26

Catholic Church England and Wales via flickr
Italian media reported that Pope Francis's funeral is expected to take place on 26 April. As per existing regulations, the funeral should take place from the fourth to the sixth day following the Pope's passing, indicating it may occur between 25...

Israel Defense Forces report elimination of Hezbollah weapons supplier

tasnimnews.com
On Sunday, the Israel Defense Forces (IDF) killed Hezbollah member Hussein Ali Nasser in Lebanon, who served as the deputy commander of "Unit 4400," responsible for supplying weapons to the group. "Earlier on Sunday, based on intelligence, the IAF...
Management & Strategy

Intel plans to cut 20% of its workforce

M.O. Stevens
U.S. semiconductor manufacturer Intel Corp. intends to reduce its workforce by over 20%, a source told Bloomberg. He mentioned that the company may reveal the layoffs as soon as this week. The source indicates that Intel is prepared to make this...

British Steel suspends layoffs of up to 2.7k employees

Simon Dawson / No 10 Downing Str
British Steel, the UK steel producer, has halted plans to dismiss as many as 2,700 workers due to a shift in management, according to the Financial Times. It was previously announced that the firm, which is part of China's Jingye Group, would shut...

Forbes: Donald Trump doubles his fortune in a year

Gage Skidmore
According to Forbes, the net worth of US President Donald Trump doubled in 2024, increasing from $2.3 billion to $5.1 billion. As stated in the report, his successful investment in cryptocurrency enabled him to grow the fortune. The primary...

British Steel to lay off more than 2,000 employees

British Steel to lay off more than 2,000 employees
British Steel company may close two plants in the town of Scunthorpe in June this year, which could lead to the dismissal of more than 2 thousand employees, writes the Financial Times. In total, the company employs about 4.5 thousand people....