Flowdesk, a French cryptocurrency trading technology firm backed by Ledger and Coinbase Ventures, plans to more than double its workforce and expand overseas even as the wider digital asset sector reels from last year’s selloff.
Brazil’s and Mexico’s consumer-price fight hit headwinds at the start of the year, indicating inflation’s descent to target in Latin America’s two largest economies won’t come quickly despite high interest rates.
In his seven years as chief executive officer of Bayer AG, Werner Baumann spent $63 billion for Monsanto Co. — and then as much as $16 billion more to handle the avalanche of US lawsuits claiming that Monsanto’s weedkiller Roundup causes cancer.
The White House attacked a House panel investigating the alleged “weaponization” of the federal government against Republicans, likening it to Senator Joseph McCarthy’s campaign in the 1950s against suspected communists in the government.
Walt Disney Co.’s shares climbed after Chief Executive Officer Bob Iger announced plans for a dramatic restructuring of the world’s largest entertainment company, including 7,000 job cuts and $5.5 billion in cost savings.
German companies are expecting stagnation this year rather than a further deterioration, making them slightly less pessimistic than they were in the fall, according to the latest survey by the DIHK industry lobby.
Africa is facing an exponential rise in cholera cases, with infections in the single month of January already at a third of the level reached in the whole of 2022, according to the World Health Organization.
Federal Reserve Bank of Richmond President Thomas Barkin said it is important for the central bank to continue to raise interest rates to ensure it brings inflation back to the 2% target.
Applications for US unemployment benefits rose for the first time in six weeks but remained historically low, underscoring the resilience of the job market despite mounting economic uncertainty.
Credit Suisse Group AG posted a bigger-than-expected loss for the fourth quarter and unprecedented client outflows, exacerbating the difficulty for Chief Executive Officer Ulrich Koerner in returning to profitability by next year.
