World Economic Magazine - World Economic Magazine

Wall Street firms retreat from office, holiday parties as virus spreads

Wall Street banks and investment firms are retrenching from their push to get staff back to the office, with Citigroup…

5 years ago

EXCLUSIVE Zoom has joined tech industry counterterrorism group

Video-conferencing platform Zoom has joined a counterterrorism organization formed by major U.S. tech companies including Meta Platforms Inc (FB.O), formerly known…

5 years ago

Foreign holdings of Treasuries hit record high in October -data

Foreign holdings of U.S. Treasuries, led by Japan and China, rose to a record high for the month of October,…

5 years ago

White House looks to boost U.S. trucking industry

The Biden administration is meeting with the trucking industry on Thursday as it looks to help add new drivers to…

5 years ago

MMG to halt Las Bambas copper production as talks to end blockade fail

MMG Ltd (1208.HK) said on Thursday it would shut production at its Las Bambas copper mine in Peru from Dec. 18 after…

5 years ago

Oil rises towards $75 as U.S. demand and Fed outweigh virus concern

Oil rose towards $75 on Thursday supported by record U.S. implied demand and falling crude stockpiles, even as the spread…

5 years ago

Qantas to switch domestic fleet to Airbus in blow to Boeing

Australia's Qantas Airways Ltd (QAN.AX) said on Thursday it has chosen Airbus SE (AIR.PA) as the preferred supplier to replace its domestic fleet, switching…

5 years ago

Swiss National Bank sticks to loose policy, diverging from Fed and others

The Swiss National Bank stuck to its ultra-loose monetary policy on Thursday, diverging from the tightening path being taken by…

5 years ago

Telecom Italia issues third profit warning in a year

Telecom Italia (TIM) (TLIT.MI), facing a takeover approach from U.S. fund KKR (KKR.N), has cut the 2021 earnings forecast for its domestic…

5 years ago

COVID curbs freeze Germany’s private sector growth in December – PMI

Growth in German private sector activity evaporated in December as restrictions to break an aggressive fourth wave of coronavirus infections…

5 years ago