Presight buys majority stake in technology joint venture AIQ
A view of the city skyline at sunset from Dhow Harbour in Abu Dhabi, United Arab Emirates, on Feb. 5, 2015. Dan Kitwood | Getty Images DUBAI — Abu Dhabi …
Breaking News: Economy
ADP jobs report April 2024: 192,000 jobs added
Private payrolls increased at a faster-than-expected pace in April, indicating there are still plenty of tail winds for the U.S. labor market, according to ADP. A separate report indicated that …
BlackRock to open a Saudi investment firm with $5 billion from PIF
The BlackRock logo is displayed at the company’s headquarters in New York City on Nov. 14, 2022. Leonardo Munoz | Getty Images Asset manager BlackRock will launch an investment platform …
IMF chief warns of emerging market risk with high U.S. interest rates
International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a briefing on the Global Policy Agenda at IMF headquarters during the IMF/World Bank Spring Meetings in Washington, DC on …
Here’s what to expect when the Fed wraps up its meeting Wednesday
Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March, 7 2024. Kent Nishimura | Getty Images News | Getty Images …
Companies from McDonald’s to 3M warn inflation is squeezing consumers
McDonald’s employee giving change to a customer. Jeffrey Greenberg | UIG | Getty Images Some of America’s best-known corporations are saying their consumers are being pinched by inflation as prices …
Worker pay rose more than expected in Q1 in another sign of persistent inflation
Grace Cary | Moment | Getty Images Employee compensation costs jumped more than expected to start the year, providing another danger sign about persistent inflation. The employment cost index, which …
Saudi Arabia says all NEOM megaprojects will go ahead as planned
Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. …
France moves to rescue Atos as IT company struggles to stay afloat
This photograph taken on April 26, 2024 shows the headquarters of the French multinational information technology company ATOS in Bezons, near Paris. (Photo by Ludovic MARIN / AFP) (Photo by …
Thailand central bank won’t act on ‘political’ pressure: BOT governor
Political pressure won’t force the hand of Thailand’s central bank in making its interest rate decisions independently, the country’s central bank chief told CNBC on Monday. “The proof is in …