An employee works in an office at the SAP SE campus in Walldorf, Germany.Bloomberg | Getty ImagesShares of German software company SAP jumped to an all-time high in early deals Wednesday after the company released its latest financial results and announced plans to restructure 8,000 jobs in a push...
People shopping on Oxford Street in London. Picture date: Thursday December 29, 2022. (Photo by James Manning/PA Images via Getty Images)James Manning - Pa Images | Pa Images | Getty ImagesLONDON — The U.K. is edging closer to recession after revised figures showed the economy shrank in the previous...
The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal.Sopa Images | Lightrocket | Getty ImagesLONDON — The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe's largest banking centers closer together.British...
Mohamed Aly El-Erian, chief economic advisor for Allianz SE, during a Bloomberg Television interview in London, UK, on Monday, Sept. 25, 2023. El-Erian spoke alongside former UK Prime Minister Gordon Brown and economist Michael Spence, his co-authors for their book Permacrisis: A Plan to Fix a Fractured World. Photographer: Chris Ratcliffe/Bloomberg...
An intensifying bond rout is piling pressure on the global economy and creating a "tremendously dangerous" outlook for equities, the chief investment officer of Livermore Partners hedge fund said Friday.A new era of higher interest rates has caused bond yields to surge, hampering returns for investors and flipping on...
MARRAKESH, MOROCCO - OCTOBER 13: Ajay Banga, President of the World Bank Group, speaks during the International Monetary Fund (IMF) meeting in Marrakesh, Morocco on October 13, 2023. (Photo by Abu Adem Muhammed/Anadolu via Getty Images)Anadolu Agency | Anadolu Agency | Getty ImagesThe president of the World Bank on...
Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023.Kevin Dietsch | Getty Images News | Getty ImagesThe head of the International Monetary Fund on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon of...