The Blackstone private equity firm has gobbled down a majority interest in the Jersey Mike’s sub sandwich chain.
Category: 26 November 2024
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SPOTLIGHT: HARD TIMES FOR CONSUMER-FACING COMPANIES
Nestlé has pared back its medium-term profit outlook and launched a cost-cutting campaign as part of new CEO Laurent Freixe’s turnaround program for the world’s biggest processed foods maker.
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TECHNOCRACY BRIEFS: GETTING AI TO LOVE HUMANKIND, AND LOWBALLING WORKER REPLACEMENT
OpenAI’s Sam Altman and AI guru Ben Goertzel pretty much agreed this past week that humans need to make sure that AGI (Artificial General Intelligence) and ASI (Artificial Super Intelligence) loves humankind.
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GAZA DEATH TOLL
The death toll in Gaza reached 44,235 and 104,235 have been wounded since Israel started its genocidal war in October 2023. There are believed to be 11,000 missing.
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LEBANON DEATH TOLL
More than 3,750 people have been killed and at least 15,600 injured since war escalated between Hezbollah and Israel in October 2023.
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TOP TREND 2024: EV GO FU
Europe’s weak economy, the slumping market for electric vehicles (EVs), and sharpened competition, especially in and from China, has prompted Ford Motor to announce layoffs of about 4,000 workers on the continent—about 14 percent of its workforce there—before 2028.
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ECONOMIC BRIEFS
Britain’s shoppers cut their spending by 0.7 percent in October from September in anticipation of higher taxes, The Wall Street Journal reported, but “there are signs spending could pick up in coming months,” the journal said.
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CHINA’S MASSIVE HIGH-SPEED RAIL NETWORK: PRIDE AND PROBLEMS
Over the past 12 years, China has poured close to $1 trillion into building 30,000 miles of high-speed rail linking the country’s major cities.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The retail, restaurant, manufacturing, automotive, and tech industries continue to be hit hard as prices increase and demand slows.