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The founder of Uber’s Middle East rival says funding and investment ‘will not be an issue’

The founder of Uber’s Middle East rival says funding and investment ‘will not be an issue’

by EFSD | Oct 31, 2018 | Economic News

Taxi-app service Careem founder sees no funding issue arising from recent events involving Saudi Arabia. The Uber rival is looking to expand its offerings into other internet based services such as food deliveries. Earlier this month the firm announced it had secured...
A stock market correction is unlikely to stop the Fed from hiking rates

A stock market correction is unlikely to stop the Fed from hiking rates

by EFSD | Oct 30, 2018 | Economic News

A growing market chorus is urging the Fed to reconsider its intention to keep hiking rates, but that’s not likely to happen anytime soon. “They have to portray an image before the financial markets as the adult in the room,” says Deutsche...
Wealth of world’s billionaires grew 20% last year, study reveals

Wealth of world’s billionaires grew 20% last year, study reveals

by EFSD | Oct 28, 2018 | Economic News

China’s ultra-wealthy are driving the trend, adding two new billionaires per week last year, and growing at a rate almost double that of the Americas and Europe. According to the report, there were just 16 billionaires in China 12 years ago — that number has...
Target CEO says the US consumer is as strong as ever: ‘They’re seeing wages rise’

Target CEO says the US consumer is as strong as ever: ‘They’re seeing wages rise’

by EFSD | Oct 25, 2018 | Economic News

Brian Cornell sees no change in how Americans are feeling, standing by August remarks about the “consumer environment” being the best he’s ever seen. For the U.S. consumer now, “they’re at work, they’re seeing wages rise, their...
CEOs’ biggest fear is interest rates, says chief executive behind confidence survey

CEOs’ biggest fear is interest rates, says chief executive behind confidence survey

by EFSD | Oct 24, 2018 | Economic News

The primary concern among American CEOs is rising interest rates, says The Conference Board’s Steve Odland. “We’re sitting here with a Goldilocks economy, and nobody wants it to be damaged by the increase in interest rates,” he says. The...
« Older Entries

Brent crude tops $40 after Biden’s win lifts risk-takers

Environmental protection must be at core of socio-economic development targets: experts

Malaysia’s upcoming budget could test support for its embattled prime minister

Fed wants low profile but may repeat that the economy needs stimulus

The growing U.S. deficit raises questions about funding as China cuts U.S. debt holdings

Oil prices slip 3% as Europe widens lockdowns

Government support ‘essential’ for UK economy, says IMF

Dollar firm as virus’ spread and stimulus stalemate raise caution

IMF says Asia’s economy will shrink more in 2020 than it previously thought

China’s electric car strategy is starting to go global – and the U.S. is lagging behind

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