The U.S. and Filipino navies kicked off a three-week war game exercise that included drills in the South China Sea as tensions with Beijing increased and just after the U.S. House of Representatives passed a $95 billion war-funding bill with $8 billion earmarked for Taiwan.
LVMH, the luxury house that owns Louis Vuitton fashion, Moët & Chandon champagne, and other high-ticket brands, posted first-quarter revenue of $21.97 billion, 2 percent below the same period in 2023.
Israel’s war on terror group Hamas, and the overhanging threat of a larger conflict, has created instability in the Middle East that will result in a long-term negative impact on the region’s economy, the International Monetary Fund (IMF) said in its new World Economic Outlook report.
The U.S. government’s growing annual budgets are fueling inflation and create “significant risks” for the global economy, the International Monetary Fund (IMF) wrote in its new World Economic Outlook report.
Schneider Electric, a French software and automation company, is in discussions to buy Bentley Systems, a U.S. firm that designs software and provides services in design, construction, and operation of infrastructure.
China’s economy grew by 5.3 percent, year on year, according to the National Bureau of Statistics (NBS).
In 2023, 41 percent of Americans told a Gallup poll they would not buy an electric vehicle (EV).
The global economy will expand by 3.2 percent this year, due largely to the U.S. economy’s resilience, the International Monetary Fund (IMF) said in its new World Economic Outlook report.
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
U.S. banks will set aside even more capital to cover failing loans in commercial real estate (CRE) while they try to sell more of those loans, often at steep discounts, Reuters reported.