Financial Times–Struggling Citi to axe 20,000 jobs
Citigroup said it expected to cut at least 20,000 jobs, about 10 per cent of its workforce, as the struggling […]
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NEWS
Financial Times–Germany’s gloom deepens after worst performance by big economy last year
German output shrank 0.3 per cent lastyear as high inflation, rising interestrates and elevated energy costs madeEurope’s largest economy one
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The Wall Street Journal–Wary World Watches as Prices Fall in China
HONG KONG—China is sinking deeper into its worst deflation in years as demand falters, spelling trouble for the world. With
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The Wall Street Journal–China’s Emissions Reversal Is Looking Nearer Than Expected
China’s rollout of renewable energy is accelerating, its investments in the sector growing so large that international climate watchdogs now
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The Wall Street Journal–Fast-Evolving AI at Work Starts To Threaten White-Collar Jobs
Decades after automation began taking and transforming manufacturing jobs, artificial intelligence is coming for the higher-ups in the corporate office.
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Financial Times–EY took on $700mn debt mountainto pay for doomed Project Everest
EY piled more than $700mn of extradebt on to its global operating businessto deal with the costs of the failed
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Financial Times–Private equity bosses’shares rise by $40bn as assets surge
Shares in Blackstone, KKR, Apollo Global, Ares Management and TPG have neared or eclipsed record highs, buoyed by growth in
Financial Times–Private equity bosses’shares rise by $40bn as assets surge Read Post »
The Wall Street Journal– How Big of a Deflationary Force Will China Be?
An elevated investment to GDP ratio increases excess capacity and deflationary pressures. Given China’s outsized role in global goods manufacturing,
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The Wall Street Journal– Drug Shortages Trigger Probe By FTC Into Industry Players
The Federal Trade Commission is launching a probe into recent shortages of chemotherapies and other drugs, examining the role played
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