[ad_1] An insider has issued a dire warning that a recession is just around the corner, with more banking “turmoil” ahead for the world. In this edition of StreetSlang, J.D.…
Tag: World economy
Israeli turmoil alarms business leaders: There’s ‘fear over what happens next’
[ad_1] Israel is in a cooling off period after weeks of intense protests. On Monday, Prime Minister Benjamin Netanyahu said he’ll delay legislation that critics say would weaken the judiciary.…
IMF says risks to financial stability have increased, calls for vigilance
[ad_1] ‘Think of the unthinkable’: IMF chief warns world is a very different place after crises like Covid. Bloomberg / Contributor / Getty Images International Monetary Fund chief Kristalina Georgieva…
Swiss central bank posts biggest loss in its 116-year history
[ad_1] The Swiss National Bank expects a $143 billion loss for the 2022 financial year, the biggest loss in its 116-year history. It lost 131 billion francs on foreign currency…
Credit Suisse CEO says outflows have reduced ‘very significantly’ as overhaul progresses
[ad_1] The bank in November projected a $1.6 billion fourth-quarter loss after announcing a raft of measures to address persistent underperformance in its investment bank and a series of risk…
These tech giants are still making money, but layoffs are coming hard and fast
[ad_1] Google and Facebook parent Meta are some of the companies that have laid off workers in recent months. Beata Zawrzel | Nurphoto | Getty Images From the U.S. to…
Palantir CEO tells tech workers who don’t like the company’s military deals, ‘Don’t work here’
[ad_1] At the World Economic Forum in Davos, Switzerland, on Wednesday, Palantir CEO Alex Karp said, “We are not everyone’s cup of tea.” Palantir welcomes government and military contracts, while…
People worldwide trust business far more than institutions, says report
[ad_1] Released late Sunday to coincide with the World Economic Forum’s gathering of business elites and government leaders this week in Davos, Switzerland, the online survey conducted in 28 countries…