Japan faces a global slowdown, the soaring cost of raw materials and calls for firms to raise wages for their workers to help ease a cost-of-living crisis.
The Swiss bank was ordered to take remedial measures by Finma, which include a periodic executive board level-review of the most important business relationships for counter-party risks.
European Commission President Ursula von der Leyen said that in order for the EU and the U.K. to “make the most of our partnership” new solutions were needed.
Germany’s economy has faltered because of the energy crisis. German GDP fell by 0.4% in the final three months of 2022, according to data published February 24 by the country’s Federal Statistics Office.
Jamie Wallisch wants companies to recognize that they truly have leverage. “Manufacturers do have an important part to play, even though it seems so high up and far removed,” she says.
Shareholders were rattled after it emerged that a video demo of Google’s rival to the Microsoft-backed ChatGPT chatbot contained a flawed response to a question.
Zoom had bumped up hiring during the pandemic to meet surging demand, but now joins U.S. companies in reining in costs to brace for a potential recession.