Business Profiles

IMF raises 2023 forecast on Beijing reopening, strength in US, Europe WASHINGTON: The International Monetary Fund (IMF) yesterday raised its 2023 global growth outlook slightly due to “surprisingly resilient” demand in the United States…
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EU sets out green industry plan to counter U.S., China subsidies BRUSSELS — The European Commission proposed a plan on Wednesday to try to ensure Europe can compete with the United States as a manufacturing hub for electric vehicles and…
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Where will Europe get its diesel from in 23 days’ time? Synopsis India and the US, both long-term suppliers to the EU, have also stepped up shipments in recent weeks. US refiners are forecast to produce a record volume of distillates this…
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News Corp’s HarperCollins to Lay Off 5 Percent of North American Staff Supply chain and inflationary pressures "coupled with declining sales over the last few quarters," forced the book publisher to "make difficult decisions to realign the…
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Mid-American Business Index-January '23 Creighton University's Mid-American Business Conditions Index survey for January fell below growth neutral for a third straight month. The monthly survey of supply managers in a nine-state…
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Sameer Singh elevated to TikTok’s Head of Global Business, North America Singh was previously heading Global Business for the APAC region Sameer Singh who joined ByteDance in August 2019 has been elevated to the Head of Global Business…
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American Express Launches New Cash Flow Management Hub, Expanding Its Powerful Backing for Small Businesses American Express Business Blueprint™ provides free cash flow insights and 24/7 access to a suite of digital financial products—all…
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U.S. Fed probes Goldman Sachs consumer business The probe, which grew out of a standard Fed review of the business in 2021 and intensified into an investigation last year, is also examining instances of custumer harm and whether they were…
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US regulators warn banks over cryptocurrency risks US regulators have issued their first ever joint warning to banks over the risks associated with the cryptocurrency market. The watchdogs told financial institutions to be wary of…
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UPS revenue falls short of expectations despite growth in U.S. business KEY POINTS UPS reported mixed fourth-quarter results, beating Wall Street’s expectations on earnings but missing on revenue. The shipping company saw revenue…
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