IBM CEO Statement on White House Meeting on the Economy By Arvind Krishna | Chairman and Chief Executive Officer, IBM October 12, 2023 I was pleased to meet today with President Biden and senior members of his team to discuss the trajectory of the U.S. economy. The bipartisan, pro-investment policies launched by the Administration […]
Leaders of the Global Lighthouse Network discuss how 4IR is reshaping manufacturing. See the key takeaways from Lighthouses Live 2023. Discover the key takeaways and watch the full broadcast here. Formed in 2018, the Global Lighthouse Network is a World Economic Forum community of leading global manufacturers who are pioneers in using Fourth Industrial Revolution […]
One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building on 14th October 2022 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images U.K. gross domestic product grew by 0.2% in August, the Office for National Statistics estimated Thursday, partially recovering from […]
The U.S. Department of Housing and Urban Development (HUD) awarded a total of $75 million in loan guarantee commitments to the cities of Omaha, Nebraska, Oakland, Fresno, and Redding in California. This funding will enable transformative investments in housing, community facilities, and economic development. “The Biden-Harris Administration and HUD are committed to building and preserving […]
I haven’t seen a better summary in six bullet points of what’s happened in the market this year than Deutsche Bank today. They highlight what has kept the dollar strong this year. The dollar has outperformed this year on a very big widening in US – global growth differentials and high real rates. It is […]
Former Amb. Hockey on US Economy, Geopolitics Bloomberg Read the full article…
Comment on this storyComment A vulnerable global economy, already set to slow this year and next, is facing new challenges from an escalating war between Israel and Hamas that could upend geopolitics in the Middle East and send energy costs higher. Oil prices jumped by as much as 5 percent over the weekend as markets […]
The United Auto Workers strike is taking a significant toll on the U.S. economy as it enters its fourth week. Consulting firm Anderson Economic Group estimates the walkout has cost $5.5 billion so far, $1 billion more than the General Motors strike in 2019. The latest total includes a $2.6 billion hit to Detroit’s Big Three automakers […]
Growing recognition of the threat posed by man-made climate change has spurred government institutions, industry, and science to find clean fuels to power economic activity. The Maritime industry stands for 90% of global freight and emits around 2,7% of carbon emissions, but still, the industry has to play its role in decarbonisation. Deep-sea vessels consume […]
Milkrun raised $86 million in 2021 and 2022 to build a network of riders delivering supermarket items from tiny suburban warehouses. At the time, interest rates were near zero, fuelling a venture capital mentality that prized revenue growth ahead of profitability. The environment suited companies such as Milkrun, which required hefty funding to directly employ […]
