A construction site with new apartments in newly built condominiums. Patrick Pleul | Image Alliance | Getty Images The German construction sector has gone from bad to worse in recent…
Category: Business News
Lenovo, the maker of ThinkPad, looks to AI PCs for future growth
Lenovo, the largest computer maker by volume, on Thursday ended a five-quarter losing streak. The company reported revenue of $15.7 billion for the quarter ended December 31, 2023, an increase…
Household energy bills will fall as Ofgem cuts price cap by 12%
Unlock the Publisher’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The UK household energy price cap will fall by 12%…
StanChart lowers revenue target, launches $1 billion stock buyback as profits rise 18% By Reuters
©Reuters. FILE PHOTO: The Standard Chartered bank logo is seen at its headquarters in London, Britain, July 26, 2022. REUTERS/Peter Nicholls/File Photo By Selena Li and Lawrence White HONG KONG/LONDON…
Taking a trip with one child at a time: parent child bonding vacation
Sonja Prokopec took her son together on their first “solo” trip when he was six years old. They went to Rome and it was so memorable that Prokopec said he…
Bill Ackman’s closed-end investment fund was at the mercy of fellow activist investor Paul Singer
Elliott Investment Management targeted Pershing Square Holdings in 2017, when Paul Singer’s firm privately tried to force fellow activist Bill Ackman to liquidate his listed company. Ackman publicly revealed details…
The first commercial spacecraft lands on the Moon
Unlock the Publisher’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A commercial spaceflight has successfully landed on the Moon for…
Brazil Vale’s fourth-quarter profit falls 35% as provisions for dam accident rise By Reuters
©Reuters. SAO PAULO (Reuters) – Brazilian mining company Vale reported a 35% drop in fourth-quarter net profit on Thursday, missing analysts’ expectations by nearly half, following higher provisions linked to…
The Fed’s Waller wants more evidence that inflation is cooling before cutting interest rates
Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, Friday, September 23, 2022. At the Dragon | Bloomberg | Getty Images Federal Reserve…
Reddit’s “unusual” move to reward loyal users in its IPO could prove profitable for Redditors
Reddit, which officially filed to go public Thursday, is taking a nontraditional approach with its IPO, analysts say, making a portion of its shares available to some of its most…