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Labor unrest disrupts supply chains from sky to sea

Each wave of supply shock to hit the global economy during the pandemic seems to produce a different scapegoat. First came the shipping container shortage of late 2020, caused largely by American consumers stocking up on everything from backyard games to home-office equipment. In 2021, companies overordered parts and products to avoid running out, while… Continue reading Labor unrest disrupts supply chains from sky to sea

IMF chief says ‘cannot rule out’ possible global recession

International Monetary Fund chief Kristalina Georgieva The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had “darkened significantly” since April and she could not rule out a possible global recession next year given the elevated risks. IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade… Continue reading IMF chief says ‘cannot rule out’ possible global recession

German Handelsblatt: Supervisory Board meeting: leadership through provocation? VW boss Herbert Diess is also fighting for his job004655 on Friday

Herbert Diess The Volkswagen boss cannot afford any delays with the coming software generation. (Photo: Bloomberg) The twenty Volkswagen supervisory board members have a full program for their meeting on Friday. On the agenda are the future positioning of the Cariad software unit and Audi’s desire to enter the Formula 1 racing series. The IPO… Continue reading German Handelsblatt: Supervisory Board meeting: leadership through provocation? VW boss Herbert Diess is also fighting for his job004655 on Friday

Automotive eCall Market to Reach 5.22 Million Units Globally by 2025 at 2.86% CAGR | Technavio

The automotive eCall market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market. The automotive eCall market report offers information on several market vendors, including Aptiv Plc, Continental AG, DENSO Corp., Quectel Wireless Solutions Co. Ltd., Robert Bosch GmbH, STMicroelectronics NV, Telit Communications Plc, Texas Instruments… Continue reading Automotive eCall Market to Reach 5.22 Million Units Globally by 2025 at 2.86% CAGR | Technavio

German Handelsblatt: Supervisory Board meeting: leadership through provocation? VW boss Herbert Diess is also fighting for his job004654 on Friday

Crypto exchange Genesis discloses exposure to bankrupt Three Arrows CapitalGenesis is also pursuing all strategies to recover any potential loss

Digital asset exchange Genesis Trading said on Wednesday it had been exposed to Three Arrows Capital (3AC), but had mitigated its losses after the bankrupt crypto hedge fund failed to meet a margin call. Genesis Chief Executive Officer Michael Moro in a tweet said the firm’s parent company Digital Currency Group has assumed some of… Continue reading Crypto exchange Genesis discloses exposure to bankrupt Three Arrows CapitalGenesis is also pursuing all strategies to recover any potential loss

Japan’s pursuit of overseas acquisitions not impaired by yen’s drop

Japan’s pursuit of overseas acquisitions has not been impaired by the yen’s drop to 24-year lows, as suitors are intent on offseting grim domestic growth prospects and developing new revenue streams, investment bankers said. A 15% decline in the yen against the U.S. dollar this year will make purchases abroad more expensive for Japanese firms, yet bankers… Continue reading Japan’s pursuit of overseas acquisitions not impaired by yen’s drop

HSBC in talks to sell Russian lending business to Expobank

HSBC is in advanced talks to sell its Russian corporate lending business to Expobank, a source with knowledge of the matter told Reuters, as many major banks exit the country. Several of the world’s top financial services companies have moved to sell or dramatically reduce their business interests in Russia since it invaded Ukraine. Moscow’s invasion,… Continue reading HSBC in talks to sell Russian lending business to Expobank

Data Vantage: Mosaic Solutions, TWID and Planetarium Labs raise new funding and other updates

Mosaic Solutions, a Philippines-based provider of restaurant management solutions, received $5 million in fresh funding last week, according to regulatory filings. Kickstart Ventures’s ACTIVE Fund, Gentree Fund and Sierra Madre were among the investors in the latest round. The startup’s shares were priced at $1 apiece. Mosaic had last announced raising $1 million in additional… Continue reading Data Vantage: Mosaic Solutions, TWID and Planetarium Labs raise new funding and other updates

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