Economy
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Global recession seen likely in 2023: World Economic Forum survey
Two-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in…
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Global employment growth to drop 2023 due to economic fallout: ILO
Global employment growth is expected to slow down sharply to 1 percent this year compared to 2 percent in 2022,…
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People trust businesses more than governments, other institutions: Survey
People worldwide are gloomier about their economic prospects than ever before and trust business far more than other institutions like…
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Saudi Arabia’s Flynas looks to expand in overseas units
Saudi Arabia-based carrier Flynas said its board approved establishing local units in two more countries as part of a plan…
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IMF says severe fragmentation could cost world economy up to 7 percent of GDP
A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up…
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French power supplier says 75,000 customers without electricity due to storm
French energy supplier Enedis, a unit of EDF, said on Monday that some 75,000 customers were without power after storm…
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Bitcoin surges above $21,000 amid optimism around inflation
Bitcoin surged over $21,000 on Saturday amid optimism that it may have bottomed and inflation has peaked. The largest cryptocurrency…
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Dubai’s Majid Al Futtaim replaces its chief executive officer
Dubai-based property and retail conglomerate Majid Al Futtaim Holding LLC replaced its chief executive officer Alain Bejjani, who’s led the…
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Thousands of Israelis rally against Netanyahu’s new government
Thousands of Israelis gathered in central Tel Aviv on Saturday night to protest plans by Prime Minister Benjamin Netanyahu’s new government to…
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ExxonMobil: Oil giant predicted climate change in 1970s – scientists
One of the world’s largest oil companies accurately forecast how climate change would cause global temperature to rise as long…
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