News with tag economy — GlobalNY.biz

Skydance Takes Control and Redraws Hollywood’s Power Map

Economy 8 October 2026 1524

Hollywood Gets a New Giant David Ellison has completed an $81 billion takeover of Warner Bros. Discovery, placing two century-old Hollywood studios inside a single company now called Skydance. The deal joins Paramount Pictures, Warner Bros., HBO, CNN...

William Ruto Urges US Tech Giants to Invest in Kenya's AI-Powered Growth

Economy 24 September 2024 5503

Ruto Drives Tech Progress President William Ruto made a strong case for the integration of technology into national governance during the 79th UN General Assembly in New York. While addressing global issues like sustainable development, climate acti...

Over 90% of Texas Voters Warn of a Growing Retirement Crisis

Economy 16 September 2024 5678

Retirement Savings Alarm Sounded Texas voters are sounding the alarm on what they see as a looming retirement crisis, with many feeling that their savings are far from sufficient to cover post-work expenses. A new study by asset management firm Blac...

Historic Loss for Hong Kong Developer Amid Xi Jinping's Crackdown

Politics 2 September 2024 8007

Hong Kong's Real Estate Titan Stumbles Hong Kong’s prominent property developer, New World Development, is bracing for its first annual loss in 20 years. The company, owned by the billionaire Cheng family, expects to report a loss of up to HK$...

SEC Charges Carl Icahn for Concealing Billions in Loans Backed by IEP Stock

Economy 19 August 2024 5730

Icahn Fined for Hidden Loans The Securities and Exchange Commission (SEC) announced on Monday that billionaire activist investor Carl Icahn illegally failed to disclose billions of dollars in personal margin loans secured against his Icahn Enterpris...

<!-- advertisement 10-->
<div class="mobileShow">
<script>
  atOptions = {
    'key' : '33fb986b72fdc254fb0c1e79be22e3ec',
    'format' : 'iframe',
    'height' : 250,
    'width' : 300,
    'params' : {}
  };
</script>
<script src="https://www.highperformanceformat.com/33fb986b72fdc254fb0c1e79be22e3ec/invoke.js"></script>
</div>
<div class="mobileHide">
<script>
  atOptions = {
    'key' : '60966449084d21264769e3d9bdff986a',
    'format' : 'iframe',
    'height' : 90,
    'width' : 728,
    'params' : {}
  };
</script>
<script src="https://www.highperformanceformat.com/60966449084d21264769e3d9bdff986a/invoke.js"></script>
</div>

US Dollar Strengthens as Positive Economic Data Eases Recession Concerns

Economy 16 August 2024 6117

Yen Dips as Strong U.S. Economy Boosts Dollar The U.S. dollar remained close to a two-week high against the yen on Friday, following its biggest one-day gain in four weeks. This rise was fueled by robust U.S. economic data that has eased fears of a ...

Rachel Reeves Acknowledges £306bn Benefits Bill as 'Out of Control

Politics 8 August 2024 3697

Rebuilding Britain Rachel Reeves, the Chancellor, has highlighted the urgent need to address Britain’s escalating £306 billion welfare expenditure. During her visit to North America, Reeves announced a new employment strategy aimed at cu...

Rayner Warns Against Heavy-Handed Reforms Threatening Jobs Market Revival

Politics 5 August 2024 2995

London's Hiring Boom at Risk Angela Rayner faces warnings about potentially undermining the recovering job market with stringent workers' rights reforms, as new data reveals a surge in hiring intentions across London. The Recruitment Employment Con...

Robust 2.8% Economic Growth in Q2: Implications for Interest Rates

Economy 26 July 2024 5240

Surprising Q2 Growth The U.S. economy demonstrated robust growth in Q2, with the gross domestic product (GDP) surging at an impressive annual rate of 2.8% from April to June, as reported by the Commerce Department. This notable rise, doubling the 1....

Microsoft IT Outage: Global Impact & CEO’s Apology

Incidents 20 July 2024 4189

The Digital Dark Age On an ordinary Friday, the world was thrown into chaos. A single software update from CrowdStrike, a leading cybersecurity provider, triggered a global tech outage. This incident laid bare the vulnerability of our digital infras...

<!-- advertisement 11-->
<div class="mobileShow">
<script type="text/javascript">
	atOptions = {
		'key' : '33fb986b72fdc254fb0c1e79be22e3ec',
		'format' : 'iframe',
		'height' : 250,
		'width' : 300,
		'params' : {}
	};
</script>
<script type="text/javascript" src="//www.highperformanceformat.com/33fb986b72fdc254fb0c1e79be22e3ec/invoke.js"></script>
</div>
<div class="mobileHide">
<script type="text/javascript">
	atOptions = {
		'key' : '60966449084d21264769e3d9bdff986a',
		'format' : 'iframe',
		'height' : 90,
		'width' : 728,
		'params' : {}
	};
</script>
<script type="text/javascript" src="//www.highperformanceformat.com/60966449084d21264769e3d9bdff986a/invoke.js"></script>
</div>

US Sanctions Stir Concern in Russia’s Central Bank

Economy 28 June 2024 4970

Strangulation Sanctions The recent US “strangulation” sanctions on foreign exchange have demonstrated their potency, causing a disruption in Russia’s payments to its allies. This has precipitated a significant drop in export volume...

U.S. Steel Takeover: Nippon’s Rising Decarbonisation Costs

Business 20 June 2024 6871

Steel Giants Merge The proposed acquisition of U.S. Steel by Nippon Steel, a deal worth $15 billion, has stirred up worries about escalating decarbonisation expenses. The Australasian Centre for Corporate Responsibility (ACCR), a stakeholder holdin...

Malaysia’s Upcoming Integration into BRICS Economic Group: A Media Report Overview

Economy 18 June 2024 4642

Prime Minister Anwar’s Bold Move In a recent revelation, Malaysia’s Prime Minister, Anwar Ibrahim, announced the country’s intent to join the BRICS, an influential group of emerging economies. This announcement was made during an i...

Restaurant Workers Lead Nationwide Push for Higher Minimum Wage

Economy 29 May 2024 5110

The Tipping Point US restaurants are facing a dual challenge: high operational costs and customers who are increasingly watching their spending. Now, they’re making a compelling argument to voters: raising the minimum wage for millions of tipp...

Global Stock Markets Surge: China's Rally Continues with No End in Sight, Say Analysts

Business 20 May 2024 7089

Global Stock Boom Global stock markets are experiencing a significant surge, with many indexes nearing and surpassing record highs. This trend has prompted analysts to reconsider the traditional investment strategy of "sell in May and go away." Rec...

<!-- advertisement 12-->
<div class="mobileShow">
<script type="text/javascript">
	atOptions = {
		'key' : '33fb986b72fdc254fb0c1e79be22e3ec',
		'format' : 'iframe',
		'height' : 250,
		'width' : 300,
		'params' : {}
	};
</script>
<script type="text/javascript" src="//www.highperformanceformat.com/33fb986b72fdc254fb0c1e79be22e3ec/invoke.js"></script>
</div>
<div class="mobileHide">
<script type="text/javascript">
	atOptions = {
		'key' : '60966449084d21264769e3d9bdff986a',
		'format' : 'iframe',
		'height' : 90,
		'width' : 728,
		'params' : {}
	};
</script>
<script type="text/javascript" src="//www.highperformanceformat.com/60966449084d21264769e3d9bdff986a/invoke.js"></script>
</div>

Xi Jinping's Global Retreat Amid China's Economic Challenges

Economy 4 April 2024 5995

China's Balancing Act In 1989, following the Tiananmen Square incident, Deng Xiaoping's advice to the Communist Party was strategic and simple: "Hide your strength and bide your time." This counsel shaped China's foreign policy for years, emphasizin...

Oaknorth Profit Soars with US Expansion Plans and IPO Consideration

Business 25 March 2024 4272

Oaknorth Rockets to Record Profits Challenger bank Oaknorth celebrates a remarkable fiscal year marked by soaring profits and ambitious expansion plans, signaling its potential entry into the public market. In a stellar display of financial prowess...

Ex-U.S. Official Drives NY Bank Stock Surge with Rescue Initiative

Business 8 March 2024 4463

Banking on Redemption Shares of New York Community Bank (NYCB) surged on Thursday, propelled by news of a $1 billion rescue orchestrated by former Treasury Secretary Steven Mnuchin and his firm, Liberty Strategic Capital. Financial Turbulence and R...

Boeing Faces Shareholder Lawsuit After MAX 9 Crisis

Business 1 February 2024 4572

Разгром 737 MAX Boeing , известный производитель самолетов, в настоящее время находится под пристальным вниманием из-за обвинений со стороны акционеров. Они утверждают, что компания поставила прибыль выше безопасности и ввела инвесторов в заблуждени...

UPS Cuts 12,000 Jobs, CEO Tomé Aims for $1B Savings Amid Shipping Slump

Business 31 January 2024 5146

UPS Plunges United Parcel Service (UPS) recently announced a substantial workforce reduction in response to declining package volumes worldwide. CEO Carol Tomé highlighted this move during an earnings call, aiming to tackle financial challeng...