The insurance broker Aon has revealed that due to various climate disasters the world has suffered a loss of $313 billion in 2022.
Volvo Cars has announced a recall of 106,900 cars due to possible faulty brakes. The recall affects most of 2023 make models.
US business jet buyers have been looking for current owners of airplanes, which might be having issues with making payments due to the ongoing financial market turbulence.
Johnson & Johnson has announced that due to high expectations in the pharmacy sector the company would increase its 2023 profit forecast.
The US aerospace company Raytheon has revealed better than expected quarterly profits, as strong demand for travel has caused demand for new jet engines, service and parts.
General Electric has decreased its 2023 profit expectations due to the company struggling in its renewable energy business.
Due to a weakening of consumer demand, 3M Company has announced that it would lay off 2,500 employees.
Reuters has revealed to the world that Binance had processed $346 in bitcoin for the exchange Bitzlato. The currency exchange's co-founder and majority holder Anatoly Legkodymov is being charged by the US Justice Department with money laundering.
The US arms producer Lockheed Martin Corporation has revealed that higher costs and supply bottlenecks are expected to decrease the company's profits.
Verizon Communications has decreased its annual profit forecast, as the company struggles to deal with a decline in wireless customer growth.
In a sudden surprise European Purchasing Managers Index has revealed that in January business activity had returned to growth.
The US online retailer Amazon has revealed that it would offer a $5 monthly healthcare subscription plan.
Honda Motor Company has revealed that it would increase its efforts to create electric vehicles by establishing a new company division.
Ford has revealed that it would reduce up to 3,200 jobs in its European subsidiaries. Unions have reacted to the announcement with a pledge to fight the layoffs.
The United States Energy Secretary Jennifer Granholm has been revealed by Reuters to have issued a warning to Republicans that limiting the President's authority to use the country's oil reserves could increase oil prices.
The head of the Dutch central Bank Klaas Knot has stated that the markets are underestimating the rate hikes, which are planned by the European Central Bank.
The US online retailer sent out a memo on Wednesday, which ordered firing employees by the end of the day in the United States, Canada and Costa Rica.
Recently interviewed US Federal Reserve policymakers have revealed that despite recent slowdown in inflation, the central bankers want to increase base interest rates.
Microsoft Corporation has announced that it would lay off nearly 10,000 employees and eliminate their positions at the company.
Analysts surveyed by Reuters have revealed that most major US tech companies are expecting abysmal quarterly results and intend to lay off staff, which was increased during the pandemic.
Various media have reported that Microsoft has set out to cut thousands of employee jobs, as various roles in engineering and human resources are set to be eliminated.
A transcript of a testimony of Director of Autopilot for Tesla Ashok Elluswamy has revealed that the Tesla promotion video that has been in use since 2016 does not depict the actual capabilities of the company's developed autopilot.
The US Treasury Secretary Janet Yellen has stated that the United States and China should communicate on economic issues and avoid conflict.
Reuters has revealed that the European Central Bank staff union has been losing faith in the leadership of the central bank, as it fails to battle inflation.