4% Of CEOs Worldwide Are Prioritising Bringing Employees Back To Office Full-Time: Survey

Hybrid work is “firmly established”, the survey noted. (Representative pic) A new survey conducted by The Conference Board has found that chief executive officers (CEOs) are prioritising bringing workers back into the office full-time, five days a week. The US-based think tank surveyed 1,200 executives, including 630 CEOs across the US, Latin America, Japan and … Read more

China’s Middle East Clout Has Limits

For most of the past decade, China’s story in the Middle East has been straightforward: endlessly rising investment, trade and influence. Having brokered a return to diplomatic relations between Saudi Arabia and Iran earlier this year and given its strong economic relationship with Israel, China has also found itself in the spotlight as the conflict … Read more

China’s Exports Tumble Again in Fresh Sign of Economic Trouble

Updated Nov. 7, 2023 3:38 am ET SINGAPORE—China’s exports fell for the sixth straight month, adding to pressure on Beijing to boost spending at home as a big rise in global interest rates and wars in Ukraine and the Middle East weigh on the world economy. The figures add to signs the Chinese economy is … Read more

India Inc to roll out 9-10% hike, focus on retaining talent

Mumbai: India Inc. is expected to offer median increments of 9-10%, with macroeconomic pressures pushing companies to be more prudent. Consulting companies, such as Aon, Deloitte, and WTW, which determine corporate compensation across sectors, expect manufacturing, engineering, retail, and pharmaceutical sectors to offer marginally higher salary hikes and the IT sector to bear the brunt … Read more

Germany’s Economy Contracted Less than Expected in 3Q

The German economy contracted a little less than expected in the third quarter of 2023, driven by lower household consumption, and revisions to previous quarters meant the economy avoided a recession previously reported last winter. Germany’s gross domestic product shrank 0.1% from July to September compared with the previous quarter, adjusted for price, seasonal and … Read more

What to Watch For in Thursday’s GDP Report: How High Did Consumers Push Economic Growth?

U.S. economic growth accelerated sharply during the third quarter, forecasters estimate, as Americans increased spending and shook off fears of a slowdown.  Economists surveyed by The Wall Street Journal estimate gross domestic product grew at a seasonally- and inflation-adjusted 4.7% annual rate in the third quarter—more than double the second quarter’s 2.1% pace.  Such resilience … Read more

Singapore’s Economic Growth Picked Up in Third Quarter

SINGAPORE—Singapore’s economy grew at a faster pace in the third quarter, as a strong expansion in construction and services-producing industries outweighed a contraction in manufacturing. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

A Divided West Maui Reopens to Tourists: ‘You’re Visiting a Really, Really Fragile Place’

Hawaii leaders want to slowly welcome visitors crucial to the economy, but some residents say it is too soon Community members held a prayer circle Friday and some painted signs expressing their opposition to the Sunday return of tourists to West Maui, Hawaii, two months after a devastating fire there. Mario Tama/Getty Images Source link

A Divided West Maui Reopens to Tourists: ‘You’re Visiting a Really, Really Fragile Place’

Hawaii leaders want to slowly welcome visitors crucial to the economy, but some residents say it is too soon Community members held a prayer circle Friday and some painted signs expressing their opposition to the Sunday return of tourists to West Maui, Hawaii, two months after a devastating fire there. Mario Tama/Getty Images Source link

Big-Company Bankruptcies Hang Over Economy

Businesses that loaded up on debt when interest rates were lower now face a growing risk of failure. Source link