News Analysis Distressed bank Credit Suisse, whose financial troubles and uncertain future have dominated headlines in recent days, may sees its woes deepen in weeks to come as growing numbers of executives leave the bank, potentially triggering a scenario where regulators will step in and apply heavy-handed bailout measures similar to those adapted in the…
Credit Suisse’s Woes May Set Stage for Regulators to Repeat Mistakes of 2008, Experts Say
October 6, 2022
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10 Retirement-Friendly Business Ideas for the Over 50’s
Some people dream of the day that they can wake up with absolutely nothing to do. For them, retirement consists of sleeping in, lounging poolside, and doing as little as possible for the rest of their lives. But for most people, a life with nothing to do doesn’t sound so pleasant. And with 72 percent…
BMW Expects Slight Growth in 2023, Cuts Germany Gas Intake by 15 Percent
BERLIN—BMW expects to reach the higher end of its 7–9 percent margin target for the cars business and sees slight sales growth in 2023, chief financial officer (CFO) Nicolas Peter said in a roundtable on Monday. Demand was recovering in China in the third quarter after lockdowns plagued the first half, the CFO said, describing…
New York AG’s New Lawsuit Against Trump Is Part of an Effort to Boost Her Own Prospects, Experts Say
News Analysis New York Attorney General Letitia James carries significant political liability from her abortive run for governor last year and has targeted former President Donald Trump and his relatives with a slew of fresh civil charges in an effort to bolster her reelection prospects in a deep blue state, legal experts and political strategists…
Australian Crypto Entrepreneur Lost $267 Million After Deal Collapsed Amid Crypto Market Plunges
September 22, 2022
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An Australian cryptocurrency investor has lost US$267 million after failing to secure funding for his Silicon Valley-based blockchain start-up as the digital currency market remains in a knockout. Michael Dunworth, the co-founder of Wyre, said he was dealt a heavy blow by the news last week that US online checkout company Bolt Financial Inc scrapped…
7 Ways Entrepreneurs Can Inject New Capital Into Their Business During a Recession
September 17, 2022
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Recessions are an inevitable part of the market cycle, and there’s no denying that they can be scary for consultants and the businesses they work with. Regardless of the size of the business, a recession can pose a serious financial risk. As consumer spending declines, so too will companies’ revenue and profit. This can create a…
Eurozone Business Activity Contracted Again in August: PMI
LONDON—Eurozone business activity contracted for a second month in August as demand sank, with customers wary of the deepening cost of living crisis and gloomy economic outlook curtailing their purchases, a survey showed. S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a guide to economic health, fell to an 18-month low of 48.9…
Upskill Not at Migration Expense: Australian Treasurer
Increasing the migration cap to help ease Australia’s skills shortages cannot come at the expense of training up the workforce, Australian Treasurer Jim Chalmers says. The Business Council of Australia is urging the government to boost the permanent migration cap to 220,000 temporarily to make up for the shortfall in migration during the pandemic. Chalmers…
Ukraine War, Energy Crisis Send German Business Sentiment to Lowest Level Since June 2020
August 25, 2022
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BERLIN—German business morale in August fell to its lowest reading since June 2020 amid high uncertainty due to the Ukraine war, the resulting energy crisis, and fears of an economic downturn in the third quarter, a survey said on Thursday. The Ifo institute’s closely watched business climate index fell for a third consecutive month but…
Record Number of New Australian Businesses
Australians are starting new businesses in record numbers, with more than 160,000 added to the economy in 12 months. The seven percent jump over the course of a year represents a record lift since the data was first recorded 19 years ago, CommSec economist Craig James said. The surge was led by a 10 percent…
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