WEF expects there to be 14 million fewer jobs overall in five years’ time as labor markets face an overhaul from AI and a slew of other factors.
JPMorgan Chase, which acquired banking assets in the 2008 financial crisis, just won an auction to gain even more size with the takeover of First Republic.
U.S. regulators have asked banks for their best and final offers for First Republic by Sunday afternoon.
The stock has fallen more than 90% this year as investors have lost confidence in the bank after two regional lenders failed in March.
China’s top leaders said at a regular meeting Friday that domestic demand is still insufficient, according to state media.
Oil producer group OPEC on Thursday lashed out at the IEA, saying the energy agency should be “very careful” about undermining industry investments.
Britain’s top competition regulator on Wednesday moved to block Microsoft’s acquisition of video game publisher Activision Blizzard.
The CFTC sued Binance, its CEO Changpeng Zhao and its former chief compliance officer last month.
Luxury goods giant LVMH on Monday became the first European company to surpass $500 billion in market value.
Alphabet CEO Sundar Pichai received $226 million in total pay in 2022. Pichai was awarded over $200 million through a triennial stock plan.