Google has eliminated more than one-third of its managers overseeing small teams, an executive told employees last week, as the company continues its focus on efficiencies across the organization. “Right now, we have 35% fewer managers, with fewer direct reports” than at this time a year ago, said Brian Welle,…
A powerful wave of capital is flowing out of a weakened dollar and into new strongholds, as the aftershocks of a dovish Federal Reserve and a dramatic political assault on its independence ripple across the globe. In Asia, the Chinese yuan has surged to a ten-month high, while in the…
A day of dramatic economic recalibration is unfolding across the Asia-Pacific, as a surprise inflation shock in Australia dashes rate-cut hopes, the Chinese yuan surges to a ten-month high, and a top investment bank forecasts a looming crash in oil prices. This flurry of activity comes as South Korea looks…
In a market driven by data, diplomacy, and complex geopolitics, it took just two minutes of casual banter over a humble writing instrument to ignite one of the most explosive and improbable stock rallies of the year. A single, off-the-cuff compliment from President Donald Trump has sent shares of a…
A brutal inflation surprise has sent a jolt through the Australian economy, as consumer prices jumped far more than expected in July, dealing a significant blow to hopes for another interest rate cut from the nation’s central bank next month.The data reveals a complex and stubborn inflation picture, forcing investors…
On Friday, the price of cocoa on the Intercontinental Exchange (ICE) in New York experienced a significant drop, falling below the $7,500 per ton threshold. This decline brings the commodity’s price within less than $300 of the year’s lowest point, which was recorded in July. The proximity to this low suggests a…
China is witnessing a major shift in its global trade map, with Africa emerging as a key growth region in 2025. Exports to the continent surged 25% on-year to $122 billion, driven by rising demand for construction machinery, passenger vehicles, and steel products. The growth rate in Africa far outpaced…
In a stunning and punitive move, President Donald Trump has brought down a crushing 50 percent tariff on Indian goods, a direct punishment for the country’s continued purchase of Russian oil. The decision, which went into effect on Wednesday, upends a decades-long strategic push by Washington to cultivate New Delhi…
A fragile calm has settled over European markets on Wednesday, as stocks rebound from a two-day slide in a nervous holding pattern. This is not a rally born of conviction, but one of profound and global anticipation, as the entire financial world holds its breath for a single, pivotal event:…
Danish toymaker Lego reported a record first-half performance on Wednesday, with sales rising 12% to 34.6 billion Danish crowns ($5.43 billion), boosted by strong consumer demand and partnerships with leading global brands. The performance marked the best start to a year in Lego’s history, outpacing rivals Mattel and Hasbro in…