Japan’s economy slipped into a recession as it unexpectedly shrank for a second straight quarter on weak domestic demand, data showed on Thursday, raising uncertainty about the central bank’s plans to exit its ultra-easy policy sometime this year. The surprisingly weak performance saw Japan lose its title as the world’s third-largest economy, replaced by Germany. Gross domestic … Read more
Mumbai: A likely recession, global geopolitical unrest and cyber security are the three main concerns of Indian business leaders, as companies seek to find balance between artificial intelligence adoption in key business operations and data privacy, said JP Morgan. Nine out of 10 business leaders expect growth in profit and revenue, but also expect increased … Read more
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
The United Nations issued a somber global economic forecast for 2024 on Thursday, pointing to challenges from escalating conflicts, sluggish global trade, persistently high interest rates and increasing climate disasters. In its flagship economic report, the U.N. projected that global economic growth would slow to 2.4 per cent this year from an estimated 2.7 per … Read more
