Modern Business America - Modern Business America

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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Europe grew faster than the US last year. Its markets are outperforming too Europe's stock markets have beaten Wall Street by the biggest margin in more than three decades over recent months as its economy looks set to dodge a recession…
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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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American Water Charitable Foundation and American Water's General Counsel Contribute a combined $200,000 to Urban League Supporting the National Urban League and the Affiliate Movement CAMDEN, N.J.--(BUSINESS WIRE)--The American Water…
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Tesla and Ford's EV price cuts make no sense, but Elon Musk has the edge over his rivals due to scale, Bank of America says Ford announced price cuts for its electric vehicles shortly after Tesla did the same. The moves don't make…
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At Davos, EU leader stresses ‘de-risking rather than decoupling’ from China European Commission President Ursula von der Leyen underscores divergence from US position while discussing EU climate-related Net-Zero Industry Act…
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US efforts to decouple from China are hurting American businesses, warns ex-Treasury chief Henry Paulson Paulson, who served in George W. Bush’s administration, says the rivalry between the two sides is making the world a more…
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Many economists dismissed talk of a common currency in South America. Here’s why Argentina and Brazil recently floated the idea of creating a new currency for trade. The idea was met with skeptism from many economists. The…
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