• Loading stock data...
Global Business and Finance Magazine > Blog
Banking Environment World

Banking sector risks in the aftermath of climate change and environmental-related disasters

Climate change and environmental-related natural disasters are associated with massive human losses, physical damages, and economic and fiscal losses, all affecting countries’ ability to meet their development goals.  There is also growing global recognition that such disasters could pose risks to financial system stability, for example through loan losses and repricing of financial instruments, that would […]

Read More
Technology World

Activist investor urges Getty to partner with Meta, Microsoft to grow revenue

 Activist investor Trillium Capital said on Monday stock-photo company Getty Images Holdings Inc should expand and create partnerships with technology firms and publishers to grow its revenue. Last week, Trillium asked Getty for a board seat and urged the company to evaluate strategic options including a sale. According to Trillium’s Monday statement, Getty should expand its partnership with […]

Read More
Finance World

Swiss government awards $9.7 mln contract related to Credit Suisse – UBS merger

The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the rescue of Credit Suisse, according to state procurement platform Simap.ch on Monday. Swiss authorities last month engineered a takeover of struggling Credit Suisse by rival UBS that included over 200 billion […]

Read More
Technology World

Will Netflix price cuts, ad-supported plan help add more users?

 Netflix Inc is expected to report that it added some 2 million subscribers in the first quarter and investors will scrutinize whether recent price cuts and the launch of an ad-supported plan are tempting people to subscribe and stay on. The company, which lost 200,000 subscribers in the year-ago quarter, returned to subscriber growth in the […]

Read More
Technology World

Alphabet shares fall on report Samsung may dump Google Search for Bing

 Alphabet Inc shares fell nearly 4% on Monday after a report that South Korea’s Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices. The report, published by the New York Times over the weekend, underscores the growing challenges Google’s $162-billion-a-year search engine business face from Bing – a minor player that has […]

Read More
Business Technology

India’s Infosys tumbles 15% on weak revenue outlook, dents sector

 Shares of Infosys Ltd slumped nearly 15% on Monday, dragging peers and the benchmark index, after the company’s dismal revenue outlook raised concerns about demand for Indian IT services amid a global banking turmoil and recession fears. Infosys’ outlook last week followed a disappointing quarterly report from larger rival Tata Consultancy Services Ltd, highlighting worries for the […]

Read More
Environment World

Wildfire on French-Spanish border destroys 1,000 hectares

 A wildfire destroyed nearly 1,000 hectares on the French-Spanish border on Sunday and early Monday, authorities said, as parts of southern Europe remain gripped by a drought that is raising fears of a repeat of last summer’s exceptional conflagrations. The blaze, France’s first major wildfire this season, was brought under control early on Monday though […]

Read More
Technology World

Apple CEO Cook to meet Indian PM Modi amid expansion – sources

Apple Chief Executive Tim Cook will meet India’s Prime Minister Narendra Modi and its deputy IT minister as part of his visit to inaugurate the iPhone maker’s first retail store in the country this week, people familiar with the plans said. The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this […]

Read More