World Economic Magazine - World Economic Magazine

Michael Kors parent expects sales growth as luxury demand rebounds

Capri Holdings Ltd (CPRI.N) on Wednesday forecast annual revenue and profit above Wall Street expectations, betting on shoppers returning to…

5 years ago

Bitter shareholder battle for Exxon’s future nears climax

Exxon Mobil Corp’s (XOM.N) bid to stave off a tiny activist fund challenging its board and response to growing climate…

5 years ago

Ford boosts EV spending, aims to have 40% of volume all-electric by 2030

Ford Motor Co (F.N) on Wednesday outlined plans to boost spending on its electrification efforts by more than a third…

5 years ago

China’s crypto crackdown speeds shift to central Asia, North America mining

A crackdown by Beijing is rapidly accelerating a shift in focus by makers of machines that 'mine' cryptocurrencies like bitcoin…

5 years ago

Futures gain as Fed calms inflation worries

U.S. stock index futures rose on Wednesday after remarks from Federal Reserve officials helped calm inflation worries, while a recent…

5 years ago

What you need to know about the coronavirus right now

Here's what you need to know about the coronavirus right now.

5 years ago

BoE’s Kashyap wants ‘forensic investigation’ of Archegos collapse

Financial regulators should undertake a detailed cross-border probe into how the collapse of U.S. investment fund Archegos cost mostly foreign…

5 years ago

Canada’s top pension funds boost investments in high-carbon oil sands

Canada's biggest pension managers boosted their investments in the country's major oil sands companies in the first quarter of 2021,…

5 years ago

U.S. business borrowings jump 19% in April – ELFA survey

U.S. companies borrowed $9.8 billion for capital investments in April, up 19% from a year earlier, benefiting from an economic…

5 years ago

U.S. to boost pipeline cyber protections in wake of Colonial hack

The Biden administration is working with pipeline companies to strengthen protections against cyberattacks following the Colonial Pipeline hack, with announcements…

5 years ago