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DSV A/S, the Danish logistics giant, has pledged to limit job cuts at Deutsche Bahn AG’s logistics subsidiary, DB Schenker, as it seeks to gain an edge in the competitive bidding process for the unit. This move is seen as a strategic effort to win favor over rival bidders by addressing employment concerns, according to
Russia’s battle against inflation took a promising turn as the nation recorded its first dip in weekly inflation since February 2022. Consumer prices fell by 0.02% in the week ending September 2, following the Bank of Russia’s aggressive decision to hike its key interest rate to 18% in late July. The recent data from the
The growing dominance of index funds, spearheaded by giants like BlackRock and Vanguard, has significantly reshaped Corporate America’s equity market landscape. These funds, which now manage trillions of dollars in assets, have created an enormous demand for shares of the largest publicly traded companies. However, a key and often overlooked element in this transformation is
Donald Trump is facing several pivotal court rulings in his New York hush money case that could determine whether he will be sentenced before the November presidential election. As the legal clock ticks, prosecutors are pushing back against his efforts to delay the proceedings. Last week, Trump made a last-minute bid to transfer the case
Brazil’s economic growth significantly outpaced expectations in the second quarter, driven by robust consumer spending, raising the likelihood of upcoming interest rate hikes. Official data released on Tuesday revealed that Brazil’s gross domestic product (GDP) expanded by an impressive 1.4% in the April-June period compared to the previous quarter. This figure exceeded all forecasts from
The stock market began September on a challenging note, with the S&P 500 experiencing its most significant drop since the sharp selloff in early August. Investors are increasingly cautious as they await crucial economic data that could influence the Federal Reserve’s upcoming decisions on interest rate cuts. Wall Street traders pulled back on risk, leading
Recent data on UK wage growth is presenting significant challenges for both Bank of England Governor Andrew Bailey and Prime Minister Keir Starmer. New figures from Reed Recruitment indicate that the long-standing decline in wage growth has not only halted but has begun to reverse. In the three months leading up to July 2024, wage
Zimbabwe’s central bank has injected $190 million into the foreign-exchange market since the introduction of the ZiG (Zimbabwe Gold), a new bullion-backed currency. This strategic move aims to stabilize the economy and meet the growing demand for US dollars, according to a member of the monetary policy committee. The ZiG, introduced in April, is backed
Dynamic pricing, a strategy once confined primarily to airline tickets and ride-hailing services, has now infiltrated the world of concert tickets, leaving fans and consumers grappling with fluctuating costs. A recent example that brought this trend into sharp focus was the significant price surge for tickets to the comeback tour of the British rock band
European Central Bank (ECB) Governing Council member François Villeroy de Galhau has expressed strong support for an interest rate cut at the ECB’s upcoming September meeting, citing recent data that shows a significant slowdown in inflation across the euro area. Villeroy, who also serves as the Governor of the Bank of France, emphasized the need
