The 20 countries that use the euro fell into a mild recession around the turn of the year, as high inflation discouraged consumer spending and governments tightened the purse strings.…
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Business
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BusinessFeaturedGlobal NewsNews
GameStop Shares Plunge After Big Executive Shake-Up
by Koby Johnby Koby JohnGameStop fired its CEO Matthew Furlong and appointed its board chairman Ryan Cohen as executive chairman effective immediately, the company said Wednesday. Shares of GameStop dropped more than 15% Thursday. The company announced the…
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BusinessChinaEconomyGlobal NewsNewsUnited States
China’s Recovery Lifts U.S. Companies’ Sales as Domestic Consumers Pull Back Spending
by Elis Carterby Elis CarterChina is leaving behind pandemic lockdowns, and U.S. companies like Procter & Gamble, Starbucks and MGM Resorts International say the country’s recovery is boosting their overall sales as consumers in their home markets watch their…
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BusinessClimate ChangeEconomyFeaturedGlobal NewsNews
Climate Change Decimates Alaska Snow Crab Fishery
by Koby Johnby Koby JohnThe Alaska Department of Fish and Game said this week that it had canceled the winter snow crab season in the Bering Sea for the first time ever. Authorities estimate…
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BusinessDefenceEconomyFeaturedGlobal NewsNewsUnited States
Biden Issues Limits on Oil Drilling in Alaska, Arctic Ocean
by Thomas Burkeby Thomas BurkeU.S. President Joe Biden will prevent or limit oil drilling in 13 million acres of Alaska and the Arctic Ocean, the Associated Press reported on Sunday, citing an administration official. The…
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AsiaBusinessCentral AsiaFeaturedGlobal NewsKazakhNewsWorld News
Kazakhstan: Former business lobby boss arrested over alleged mega-bribe
by Thomas Burkeby Thomas BurkeUntil early 2022, Myrzakhmetov helped run the lobby together with the billionaire son-in-law of the former president. The anti-corruption service in Kazakhstan has detained the former head of a business…
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BusinessEconomyFeaturedGlobal NewsNewsPoliticsWorld News
Alaska Offshore Oil and Gas Lease Sale Attracts Only One Bid
by Blake Brooksby Blake BrooksAn offshore oil and gas lease sale covering waters off Alaska’s south-central coast generated just one bid. The lease sale, known as the Cook Inlet Oil and Gas Lease Sale…
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BusinessEconomyFeaturedGlobal NewsNewsWorld News
Davie Secures Official Role in Canada’s National Shipbuilding Strategy
by Elis Carterby Elis CarterDavie Shipbuilding, Canada’s largest shipbuilder, has been named an official partner in the country’s National Shipbuilding Strategy (NSS), Davie joins Irving Shipbuilding Inc. in Nova Scotia and Seaspan Shipyards in Vancouver, British…
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BusinessEconomyFeaturedGlobal NewsMilitaryNational SecurityNews
Canada’s Davie Eyes Arctic Shipbuilding Expansion With Helsinki Shipyard
by Travis Foxby Travis FoxQuébec-based Chantier Davie Canada Inc. (Davie) has announced exercising its exclusive option to purchase the assets of Finland’s Helsinki Shipyard Oy (HSO), marking a step towards creating a leading international…
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BusinessEconomyEuropeFeaturedFranceGlobal NewsNational SecurityNewsPolitics
Tashkent to Host Uzbek-French Business Forum
by Zack Ballby Zack BallMinister of Investments, Industry and Trade Laziz Qudratov held a meeting with Ambassador Extraordinary and Plenipotentiary of France to Uzbekistan Aurelie Bouchez on Monday. During the talks, the parties considered…
