International business services giant KPMG negotiated a lower fee for its annual audit, arguing that the auditor used artificial intelligence and therefore faced less expense in carrying out the complex task, people familiar told the Financial Times.
Chinese customers are once again shopping in the country’s luxury boutiques, but they are fewer in number and spending less, The Wall Street Journal discovered.
Closures continue to hit the retail and restaurant industry due to rising costs and declining demand.
Layoffs in January were the highest to start a year since 2009, according to outplacement firm Challenger, Gray and Christmas.
By a 5-4 vote, Bank of England (BoE) officials held the central bank’s interest rate untouched at 3.75 percent last week, as economists had expected.
The European Central Bank rate-setting committee (ECB) left the bank’s key interest rate at 2 percent last week.
A newly released poll found that a majority of Americans – by a small margin – say they believe former President Joe Biden ran the country better than his successor, Donald Trump.
Civitas Resources and SM Energy are merging in an all-stock deal worth $13 billion that will create a major natural gas producer in the shale-rich Permian Basin underlying Texas and New Mexico.
Donald Trump’s recent trade negotiations with China and South Korea seemed positive, but they did little to soothe concerns among the region’s exporters about U.S. demand, Reuters reported.