Worldcrunch
A week of record highs flipped to panic with new China tariff talk, exposing fragile nerves as experts warn that a fast growing $2.2 trillion private credit market with light oversight, risky PIK structures, and bank and insurer exposure could turn the next shock into a chain reaction.
The “titan” of Indian business, Ratan Tata, has died at 86. Under his leadership, the Tata Group evolved into a global powerhouse, renowned for its integrity and expansive reach.
Swedish telecom network giant Ericsson plans to shut down all its remaining production plants in Sweden, Svenska Dagbladet (SvD) reports in a front-page exclusive Thursday. The Stockholm daily cites internal documents, which would confirm the end to the Swedish company’s more than 140-year-old tradition to keep at least part of its production at home, a […]
Earning cash and starting a business are no longer frowned upon on the island nation, as the rapprochement with the U.S. sets the stage for a different kind of Cuban economy.