Category: Global
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Mulberry cuts 85 jobs as sales fall 19% amid global luxury downturn
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Luxury fashion brand Mulberry has announced a significant restructuring plan after announcing a 19% drop in group revenues to £56.1 million for the six months to September 28. Newly appointed CEO Andrea Baldo revealed 85 jobs – nearly a quarter of the company’s 350-person workforce – were being cut as…
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Mulberry cuts 85 jobs as sales fall 19% amid global luxury downturn
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Luxury fashion brand Mulberry has announced a significant restructuring plan after announcing a 19% drop in group revenues to £56.1 million for the six months to September 28. Newly appointed CEO Andrea Baldo revealed 85 jobs – nearly a quarter of the company’s 350-person workforce – were being cut as…
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Israeli co Canada Global buys Miami real estate for $116m
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Income-producing Israeli real estate company Canada Global (TASE: CNGL), controlled by Israel Canada (TASE: ISCN) controlling shareholders Assaf Toshmir and Barak Rosen (60%), informed the Tel Aviv Stock Exchange (TASE) this morning that it has purchased an office complex in Miami for $116. Million dollars. Investors in Canada Global include…
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Week Ahead in FX (Nov. 11 – 15): U.S. Inflation And Global Jobs Data To Take Center Stage
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Get ready for another action-packed trading week, Forex friends! Important data this week includes US inflation reports, the labor market from the UK and Australia, and China data that could shake market sentiment. But before all that, make sure you are aware of the global market movements and key currency…
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Charting the Global Economy: Trump Win Reverberates Around the World
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Breadcrumb links BMN Business Donald Trump’s decisive victory in the US presidential elections has already made world leaders prepare for how his next administration will shape the global economy. Article writer: Bloomberg News Molly Smith Published on November 9, 2024 • 4 minutes read You can save this article by…
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Global Market Weekly Recap: November 4 – 8, 2024
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Trump’s presidential victory sparked a broad market rally, with investors piling into assets in hopes of business-friendly policies and fiscal stimulus under the new administration. Bitcoin made some of the biggest waves while US stock indices also reached record highs. However, the excitement cooled slightly towards the end of the…
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Global Market Weekly Recap: November 4 – 8, 2024
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Trump’s presidential victory sparked a broad market rally, with investors piling into assets in hopes of business-friendly policies and fiscal stimulus under the new administration. Bitcoin made some of the biggest waves while US stock indices also reached record highs. However, the excitement cooled slightly towards the end of the…
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Shekel gains against dollar, bucking global trend
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As soon as it became clear yesterday that Donald Trump had won the US presidential election, the US dollar began to rise in the foreign exchange market, which is always the quickest of financial markets to respond. The DXY index, which measures the strength of the US dollar, rose 1.5%…
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Trump unlikely to significantly alter ongoing global energy shift
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Donald Trump has firmly returned to the presidency of the United States, with the possibility of obtaining a majority in the Senate or House of Representatives. This would enable him to reverse any aspect of Biden’s inflation-reduction law that might be unpopular with the fossil fuel lobbyists who supported his…
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Global Dollar Network Debuts With Backing From Robinhood, Galaxy Digital, Others
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Some leading cryptocurrency companies have officially formed an alliance aimed at encouraging digital asset users around the world to adopt stablecoins. Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish, Nuvei, and Paxos join the launch New stablecoin Known as USDG, or Global Dollar Network, which helps integrate stablecoins into everyday financial…
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Bitcoin 2.0? Craig Wright’s TerraNode Pitches A Global Payment Future For BTC
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An Australian entrepreneur could become a major contributor to Bitcoin’s future by turning the currency into a tool that will drive economic inclusion around the world. Craig Wright It is looking to build a global payment system based on cryptocurrency, turning Bitcoin into a means of international transactions. Harnessing Bitcoin…
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Bitcoin 2.0? Craig Wright’s TerraNode Pitches A Global Payment Future For BTC
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An Australian entrepreneur could become a major contributor to Bitcoin’s future by turning the currency into a tool that will drive economic inclusion around the world. Craig Wright It is looking to build a global payment system based on cryptocurrency, turning Bitcoin into a means of international transactions. Harnessing Bitcoin…
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Bitcoin 2.0? Craig Wright’s TerraNode Pitches A Global Payment Future For BTC
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An Australian entrepreneur could become a major contributor to Bitcoin’s future by turning the currency into a tool that will drive economic inclusion around the world. Craig Wright It is looking to build a global payment system based on cryptocurrency, turning Bitcoin into a means of international transactions. Harnessing Bitcoin…
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How collaboration, AI, and finance can bridge the Global North-South clean energy gap
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The International Energy Agency’s recent finding that investment in clean energy in 2024 will be double that in hydrocarbon projects comes with both good and bad news. The good news is that investment in clean energy is expected to exceed US$2 trillion for the first time ever, but unfortunately, most…
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Global Market Weekly Recap: October 28 – November 1, 2024
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Market correlations were chaos for most of the week, with stocks and commodities moving according to their individual catalysts. Geopolitical tensions were still at the forefront, although OPEC+ updates and US inventory data also pushed crude oil prices. Meanwhile, gold and Bitcoin rose to all-time highs, while the US dollar…
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VanEck Sees Bitcoin As Key Global Reserve Asset, Projecting $3 Million Price Tag By 2050
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This article is also available in Spanish. As Bitcoin rebounds from its brief correction and approaches the $70,000 mark, Matthew Siegel, head of digital asset research at asset manager and exchange-traded cryptocurrency issuer VanEck, shared his thoughts on the potential path for the cryptocurrency in light of the upcoming US…
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Week Ahead in FX (Oct. 28 – Nov. 1): Global GDP and Inflation Reports, Plus BOJ and U.S. Jobs Updates
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With a full slate of GDP, inflation, and central bank updates, markets are bracing for a whirlwind of economic insights this week. With the Bank of Japan, global data and US jobs numbers coming in, traders will be studying each report for clues about future interest rate paths and growth…
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Indonesian forests pay the price for the growing global biomass energy demand
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Breadcrumb links PMN BMN Business Article writer: Associated Press Victoria Milko Posted on October 26, 2024 • Last updated 4 hours ago • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content JAKARTA, Indonesia (AP) —…
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Global Market Weekly Recap: October 21 – 25, 2024
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This week’s market action highlighted the tug of war between rising US Treasury yields and safe-haven flows, as investors digested mixed economic data, inflation, geopolitical concerns and uncertainties related to the US and Japanese elections. While gold and the dollar moved in tandem with geopolitical tensions and Fed forecast changes,…