Global accounting firms set up shop in India’s smaller cities
The world’s major accounting firms are stepping up investments in new Indian facilities away from bigger cities as global demand for cheaper back office operations
Broadcom’s $61 billion VMware deal wins conditional EU antitrust OK
U.S. chipmaker Broadcom secured EU antitrust approval on Wednesday for its $61 billion proposed acquisition of cloud computing firm VMware after offering remedies to help rival Marvell
US EV market struggles with price cuts and rising inventories
The U.S. electric vehicle market is growing, but not fast enough during the latest quarter to prevent unsold EVs from stacking up at some automakers’
Lucid shares drop as deliveries take hit from Tesla’s price war
Lucid Group said its second-quarter production dropped from the previous three months while deliveries stayed flat, sending the shares of the luxury electric-vehicle maker down about
Fair processes in health financing policies for universal health coverage
In many developing countries health financing is not only inefficient and insufficient, it’s inequitable: People in developing countries pay over half a trillion dollars annually out-of-pocket
When artificial intelligence becomes a central banker
Artificial intelligence is expected to be widely used by central banks as it brings considerable cost saving and efficiency benefits. However, as this column argues,
Reducing fossil fuel extraction may imply persistent negative effects for fossil fuel-producing economies
Reaching net zero emissions by 2050 will require an 80% reduction in global fossil fuel extraction compared with 2021 levels. This column estimates the macroeconomic
UBS overhauls leadership at wealth management division
UBS’s flagship global wealth management business on Thursday announced a raft of management changes triggered by the Swiss bank’s takeover of Credit Suisse. Several former Credit
Twitter threatens Threads lawsuit against Meta
Twitter has threatened to sue Meta Platforms over its new Threads platform in a letter sent to the Facebook parent’s CEO Mark Zuckerberg by Twitter’s lawyer Alex Spiro.
Tesla rolls out global customer referral incentive as EV price war heats up
Electric-vehicle maker Tesla rolled out a new program globally allowing buyers to earn extra incentives through referrals from existing customers, a strategy long used by traditional
