Canada’s Tiff Macklem was the first Group of Seven central banker to adopt outsize rate hikes to tame runaway inflation, saying that big increases would boost the odds of a soft landing later on. Now his argument is being put to the test.
Gautam Adani was on top of the world, diversifying his conglomerate into everything from green energy to media as his fortune soared by $40 billion last year, and mounting ambitious expansion plans from Israel to Morocco.
German Chancellor Olaf Scholz’s government must be careful not to undermine the European Central Bank’s inflation fight by taking on unnecessary debt, according to the country’s chief economic adviser.
Recesssion indicators are everywhere- a look at when to brace for impact.
For a company that seeks to host — and police — human speech around the world, one of Meta’s biggest challenges is a single user: Donald Trump.
Japan needs to see a 3% increase in nominal wages across the board to anchor inflation above the central bank’s 2% target, according to the International Monetary Fund’s No. 2 official.
Hong Kong’s exports plunged in December by the most since the 1950s, extending a monthslong streak of declines fueled by China’s slowdown and a global demand dropoff that probably pushed the financial hub into economic contraction last year.
EY said it plans to cut jobs and eliminate costs in Germany after its failure to detect suspected fraud at Wirecard AG, the electronic payments company that collapsed in 2020, shook confidence in the auditor.
STMicroelectronics NV reported rising revenue in the fourth quarter last year and expects sales to grow 19% in the current quarter, as demand in the auto industry remains strong.
Italian officials have this week begun seizing what could be one of the world’s largest networks of online fake shops, which have defrauded would-be customers by appearing to offer discounted goods from luxury brands such as Giorgio Armani SpA and Prada SpA that never materialize.
