Egypt’s economy is currently facing a significant and complex challenge as inflation reaches its highest point…
Tag: Business & Economy News
Coach owner to acquire Michael Kors, Versace parent in $8.5bn deal
Tapestry, the US owner of lifestyle brands including Coach and Kate Spade, said Thursday it will…
UK retailer Wilko collapses due to ‘big debts’; 12,500 jobs at risk
British household goods company Wilko has collapsed owing to big debts, its boss announced Thursday, impacting…
U.S. credit card balances breach $1 trillion for the first time
Recent data from the Federal Reserve Bank of New York shows credit card balance has breached…
Who is Vaibhav Taneja? The new Chief Financial Officer of Elon Musk’s Tesla
Vaibhav Taneja, the current Chief Accounting Officer (CAO) of Elon Musk’s Tesla, will also act as the…
Climate change hurts global economy: 59 countries will face massive debt burden in next 10 years
The economic fallout of climate change could impact nations worldwide. Rising carbon emissions may lead to…
Apollo Management shares hit all-time high after company records $1 billion in profits
New York-based financial giant Apollo Global Management has reported a remarkable surge in profits, reaching $1…
U.S. job openings sink to over 2 year low, labor market remains tight
The recent job opening data indicates that the state of the U.S. economy remains concerning. This…
Panasonic records 42% surge in Q1 profit, keeps full-year forecast
Japanese electronics brand Panasonic on Monday revealed a remarkable 42 per cent surge in first-quarter operating profit…
U.S. court rejects J&J’s bankruptcy strategy for lawsuit settlements
In a significant ruling, a U.S. court has prohibited Johnson & Johnson from using the bankruptcy…
