World Economic Magazine

The Warthog and the senator: The politics of retiring a warplane

WASHINGTON, July 16 (Reuters) - The U.S. Air Force is desperate to get rid of some of its fleet of…

5 years ago

Floodwaters still rising in western Europe with death toll over 110

SCHULD/ERFTSTADT, Germany, July 16 (Reuters) - More than 1,000 people were missing in flood-stricken regions of western Germany and Belgium…

5 years ago

World Bank trims East Asia, Pacific GDP forecast amid COVID-19 concerns

Growth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said…

5 years ago

BlackRock profit beats as assets grow to a record $9.5 trillion

BlackRock Inc (BLK.N), the world's largest asset manager, reported a better-than-expected quarterly profit on Wednesday as investors poured more money…

5 years ago

AMC, GameStop shares fall to half of their June peaks

Shares of cinema operator AMC Entertainment (AMC.N) and video game retailer GameStop Corp (GME.N) fell sharply on Wednesday and were…

5 years ago

S&P 500 ends higher after Fed Chair Powell lulls market

The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as…

5 years ago

AIG to sell life and retirement unit stake to Blackstone, another with IPO

American International Group Inc (AIG.N)plans to use an IPO to sell part of its life and retirement business, while Blackstone…

5 years ago

Daimler reports Q2 preliminary adjusted EBIT of $6.42 bln

Mercedes-Benz maker Daimler AG (DAIGn.DE) on Thursday reported preliminary adjusted group earnings before interest and tax (EBIT) of 5.42 billion…

5 years ago

U.S. CEO-to-worker pay ratio rose to 299:1 last year -union

The average S&P 500 .SPX chief executive made $15.5 million last year, 299 times the pay of the median worker…

5 years ago

U.S. producer prices post biggest annual gain in more than 10-1/2 years

U.S. producer prices accelerated in June, leading to the largest annual increase in more than 10-1/2 years, suggesting inflation could…

5 years ago