Hong Kong Exchanges and Clearing (HKEX), which operates Hong Kong’s stock exchange, booked a record profit of HK$13.1 billion, boosted by 71 new companies joining the exchange and a late-year rally after Beijing promised a major economic stimulus for the mainland.
The city of Hong Kong, facing a fifth budget deficit in the last six consecutive years, plans to chop 10,000 government workers from its payroll and embrace artificial intelligence (AI) to boost its economy.
Confirming our forecast made in “Bid Farewell to the Business Travel Economy,” (29 Sep 2020), the owner of British Airways said last week that business travel will never return to its pre-COVID volumes.
Confidence in Canada’s economy among small business owners sank for the third month in a row in the newest survey by the Canadian Federation of Independent Businesses (CFIB).
Following up on a broad stimulus commitment made last year to revive its torpid economy, China’s government plans to recapitalize three of its largest state-run banks in the months ahead, people familiar told Bloomberg.
Germany’s Bundesbank lost €19.2 billion last year, its first negative year since 1979.
Berkshire Hathaway, Warren Buffet’s investment vehicle, has sold all of its shares of exchange-traded funds (ETFs) managed by State Street Advisors and Vanguard, leaving it with no investments in ETFs.
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Nearly one hundred companies are expected to lay off employees in March, according to a report in the Economic Times.
Google, in a race to lead progress in artificial intelligence (AI), will have a better chance of achieving that goal if workers on the project are in the company’s central offices five days a week, Google cofounder Sergei Brin said in an internal memo reported by The New York Times.