Walt Disney has picked the Executive Chairman of Morgan Stanley James Gorman as the firm's new Chairman. Gorman is set to take the new position in January.
The government of Portugal has announced that the country has to retrain 1.3 million people or 30% of the workforce to work with new AI tech in an effort to close the productivity gap it has with the rest of the European Union.
The CEO of Dolce & Gabbana has revealed that the firm could do an initial public offering in the future. However, the current priority of the firm is a stronger business.
Vedomosti have reported that the Russian government purchases of iPhones in 2024 have been four time higher than in 2023, despite officials being banned from using Apple devices.
Reuters has published a report on how Latin American countries are preparing for the upcoming US Presidential Election, as trade tariffs and monetary policy of the United States are set to be influenced by the President and in turn impact the neighbouring region.
Starting from November, Microsoft will allow its clients to create new AI agents that would be used for routine tasks. The programs are set to be used for tasks like client queries, sales lead identification and inventory management.
The Chancellor of Germany Olaf Scholz has stated at the opening of a Mercedes-Benz battery recycling plant that German carmakers should not be worried about Chinese competition, as the firms can deal with this competition.
US farmers have reported that the country is experiencing the largest soybean and corn harvest in years, which is testing the limits of storage capacities.
The German firm JAB has announced that it would increase its stake in the Dutch coffee producer JDE Peet's by buying a $2.4 billion share package from Mondeleze's.
The pharmacy chain Eli Lilly has sued at least three medical spas and online retailers for selling goods that allegedly contain tirzepatide. Tirzepatide is the main ingredient of the popular weight loss drug Zepbound.
As it was anticipated, this week, the People's Bank of China stimulated the Chinese economy and markets by lower its base interest rate from 3.35% down to 3.10%.
The Swiss banking group UBS is set to sell its 50% stake in Swisscard to American Express, as revealed by Swisscard in a released statement.
The Norwegian banking group DNB is set to buy Sweden's Carnegie for a total of $1.14 billion.
On 23rd of October TSLA reported its quarterly earnings and revenue results. Although mixed results, Q3 report has had investors and traders convinced that Elon and the company will deliver.
In a landmark lawsuit, Australian courts have ruled that Qantas Airways has to pay 170,000 AUD to baggage handlers that were fired in 2020. The case sets precedent for potential lawsuits with other 1700 workers whose jobs were outsourced during the same period.
Bloomberg has reported that MetLife intends to buy PineBridge's assets outside China for a total of up to $1.5 billion.
As the competition in the generative AI segment increases, IBM has released new artificial intelligence models for businesses.
The government of Malaysia has revealed that for the third quarter of 2024 it expects to observe gross domestic growth of the GDP of 5.3%, measured on an annual basis.
Three top tobacco firms are set to pay 32.5 billion Canadian Dollar to the government to settle a long-running lawsuit. The lawsuit claims that the firm has failed to adequately warn clients about cancer risks.
The United States Federal Aviation Administration has started a new review of safety at Boeing, as the government continues its policy of strict oversight.
United States Cellular has recently announced the sale of the firm's spectrum licences to Verizon in a deal that is set to amount to a total of $2 billion.
Despite an ongoing decline in payment card usage, American Express has managed to surpass third quarter profit forecasts. However, the stock price declined, as the profits were reached by cutting costs.
Due to a decline in demand for serums and nappies, Procter & Gamble have reported a 0.6% decline in sales, which was not expected by the markets. The surprising news indicate at broader declining consumer demand.
It has been observed that the markets have been investing in the expectations of a Donald Trump victory in the upcoming election, as investors have bought small-cap stocks, Bitcoin and sold the Mexican Peso and US Treasuries.