Economy
World / Countries / MNCs
A new report from the UN Economic and Social Commission in Western Asia (UNESCWA) published on Thursday showed nearly 64 per cent of adults in the 22 countries in the Arab region are still without an account – or “unbanked” – a higher number than all other regions of the world and significantly higher than the 24 per cent global average. more
Meet Greg Abel who will succeed legendary investor Warren Buffett as Berkshire Hathaway CEO

Legendary investor Warren Buffett, 94, officially stepped down as CEO of Berkshire Hathaway after more than six decades at the helm of the conglomerate.

Bangladesh's Yunus offers to buy cotton, farm goods duty-free from US after Trump's 37 percent announcement

Bangladesh has proposed a wide-ranging trade package to the United States, including duty-free access for US agricultural goods such as cotton, in an effort to stave off steep reciprocal ...

E-commerce giant Amazon plans to layoff 14,000 managers by early 2025 as part of the cost-cutting drive: Reports

E-commerce giant Amazon is planning to slash 14,000 managerial positions by early 2025 as part of its attempt to cut costs, media reports said.

Geopolitical tensions, rising costs of climate change, unresolved debt issues putting labour markets under pressure, latest ILO report shows

Geopolitical tensions, the rising costs of climate change and unresolved debt issues are putting labour markets under pressure, according to a new report from the International Labour Org ...

PwC to fire 1800 jobs in first major layoffs announced in 15 years

Multinational professional service brand  PricewaterhouseCoopers’s U.S. unit will lay off about 1,800 workers, media reports said.

New ILO report shows global youth unemployment rate dropped to 15-year low in 2023

The global labour market outlook for young people has improved in the last four years, and the upward trend is expected to continue for two more, according to a new International Labour O ...

American aircraft manufacturer Boeing to plead guilty to criminal charge

Aircraft manufacturing major Boeing has agreed to plead guilty to criminal fraud conspiracy charge after the United States found the company to be violating a deal which meant to reform i ...

As AI transforms the world, more universities teach the technology

Saint Louis University student Jagruth Reddy Palle knew artificial intelligence was a leading-edge industry and a promising area of study when it kept coming up at every technology confer ...

Global foreign investment declines for second year as geopolitical tensions rise, UN trade body reports

Foreign direct investment (FDI) fell by two per cent to $1.3 trillion in 2023 amid global economic slowdown and rising geopolitical tensions, according to a report released on Thursday by ...