Walmart is laying off over 200 corporate workers amid increasing concerns over inflation and sagging customer spending. Walmart confirmed to the Journal that roles will be cut as a part of corporate restructuring, and additional roles will be created anywhere else. Anne Hatfield, a spokesperson for Walmart, said the company is still hiring in parts […]
Continue Reading
Dentsu Group Inc. announced that it has entered into an agreement to acquire a majority stake in Extentia, a global technology and services company with a focus on cloud engineering, enterprise mobility, and user experiences. Extentia will partner with Merkle, a leading data-driven, technology-enabled customer experience management (CSM) company of Dentsu International, an international business […]
Continue Reading
The Bank of England (BOE) raised interest rates since 1995. BOE also predicted that the economy of UK will fall into recession later 2022, highlighting urgency of global central banks to fight against inflation. The rate increase to 1.75 percent from 1.25 percent was the highest hike since 1995, and the first half-point increase since […]
Continue Reading
Trilantic North America, a leading private equity company, announced that it has completed a substantial growth investment in TSC Miami, a technology-enabled provider of on-demand, screen print, and fulfilment services for merchandise selling into retail, ecommerce, and creator end markets. The investment is being made in partnership with the founding team of TSC, which retains […]
Continue Reading
The Department of Energy of the United States is reviving an old loan program, and the first recipient of the program is the joint battery venture between LG Energy Solution and General Motors. The 2.5 billion dollars loan was issued to General Motors and LG Energy and will be used to provide help in financing […]
Continue Reading
Business leaders across the United Kingdom are cutting investment plans as increasing prices and brexit trading problems, and political uncertainty have left the business leaders pessimistic about the economic outlook in the country. According to the latest poll of business heads by the Institute of Directors, many companies are now planning to cut investment instead […]
Continue Reading
PAX, a leading cannabis brand, announced that it has entered into an agreement with a new distribution partnership across North America. Windship Trading, UPD, and HS Wholsale in the United States, and West Coast Gifts and Humble+Fume in Canada, will be facilitating sales representation, with channel growth, and trademarks for the device portfolio of PAX. […]
Continue Reading
Japan and the United States launched a new high-level economic dialogue aimed at pushing back against China and tackling the disruption caused by invasion of Ukraine by Russia. The two allies agreed to establish a new joint research for the next-generation semiconductors during the economic ministerial meeting the United States. Antony Blinken, US Secretary of […]
Continue Reading
Inflation in the European countries using the euro currency shot to another record in July 2022, which is pushed by higher energy prices, but the economy has managed better growth in the second quarter of 2022. The annual inflation in the 19 countries of eurozone increased to 8.9 percent in July 2022, which is an […]
Continue Reading
Meta Platforms said it will no longer pay news organizations in the United States to have their material appear in News Tab of Facebook as it reallocates the resources in the face of the economic downturn and change in user behaviour. Meta said that most people in the United States does not come to Facebook […]
Continue Reading