Page 412 - Bloomberg

IMF warns five-year global growth outlook is weakest since 1990

For 2023, global gross domestic product will likely expand by less than 3%, she said. That's in line with the fund's January forecast of 2.9%

Int'l banking system is headed for more trouble, says Raghuram Rajan

His comments add to warnings that the troubles at SVB and Credit Suisse are indicative of deeper underlying problems in the financial system

Airbus SE to build new China single-aisle jet factory as Apple pulls back

The European planemaker will add a second final assembly line at its existing factory site in Tianjin, under a deal signed by Chief Executive Officer Guillaume Faury in Beijing on Thursday

Anil Agarwal's $19-bn chipmaking plant dream at risk as hurdles mount

Winning government funding is key to fulfilling Agarwal's chip dream, given his broader empire is facing intensifying financial strain

Google, Amazon struggle to cut jobs in Europe due to labour protections

In Europe, mass layoffs among tech companies have stalled because of labour protections that make it virtually impossible to dismiss people in some countries without prior consultations

India's new trade policy: Blinded by local market, a dry recitation of laws

India's trade policy remains blinded by its huge domestic market. This was underlined last week when the govt released its latest trade policy - three years late

Samsung braces for worst profit in at least 14 years as tech demand withers

Samsung has said its strategy historically has been to keep spending during downturns to increase its competitive position

Potential US recession signal sets off global rush into Indonesian bonds

With the US and Indonesian central banks seen approaching the end of their respective hiking cycles, inflows looking for higher carry returns are likely to keep increasing in the second quarter

RBI rate hike touch & go affair amid inflation, growth concerns, swaps show

Policy decisions this week from some of the Reserve Bank of India's global peers offer a good reason for the split

Credit Suisse's fatal bank run points to gaps in liquidity regulations

As Swiss officials and Credit Suisse executives emphasized this week that the firm's emergency sale staved off imminent collapse, they highlighted how sharp the run was

GQG Partners sees $2 billion Adani bet delivering returns over 100%

The Adani Group lost as much as $153 billion in market value after a US short-seller accused the conglomerate of stock-price manipulation

US trade deficit widens for a third month in February to $70.5 Billion

The gap in goods and services trade grew 2.7% to $70.5 billion, the widest in four months, Commerce Department data showed Wednesday

Inflation is driving boom in secondhand shopping, $177 bn global sales

The shoppers most attracted to resale are members of younger generations, mainly Gen Z

Walmart bets on supply-chain automation, dangles profit potential

Walmart says its revamped supply chain will enable it to ease cost pressures tied to the rise of e-commerce and help end a decade of stagnation in US operating income

ChatGPT opens door to four-day week structure, says Nobel Prize winner

Christopher Pissarides, professor at London School of Economics, who specializes in the impact of automation on work, said labour market can adapt quickly enough to AI-backed chatbots

Singapore starts $7.5 mn fund to support int'l movies showcasing city

About 300 locals worked on Crazy Rich Asians including production crew and a dozen local actors, while landmarks such as Marina Bay Sands and Merlion Park were featured

Big pharma: Here's why India's drug industry needs a major overhaul

The latest drug recalls just add to a long line of scandals that have tainted the pharma sector of India

Finland unlikely to get NATO battle group given its defence capabilities

NATO has established 8 multinational battle groups in Poland and the Baltic nations, and more recently in Hungary, Slovakia, Bulgaria and Romania, to serve as a "tripwire" in case of Russian attack

Twitter's contract workers sue company over Elon Musk's mass layoffs

The suit was brought on behalf of an unspecified number of workers hired by Twitter through employee staffing company TEKsystems Inc

Elon Musk's month pushing Twitter blue failed to win many subscribers

Musk decided to give some verified users more time to decide whether to pay him