BRUSSELS, BELGIUM - Business activity in the eurozone slumped at a faster rate in December, weighed down by a deeper downturn in France, a key survey said on Friday. The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global fell to 47 in December from 47.6 in November. A figure below...
Microsoft to lay off 10,000 workers as economic gloom deepens
The tech giant will lay off some 10,000 employees in the coming months as the economic downturn continues to punish US tech giants. The job cuts is expected to affect close to five percent of employees and follow in the wake of similar moves by Facebook-owner Meta, Amazon and Twitter.
Market downturn impacts growth equity valuation
For strong growth companies, the choice has narrowed down to growth funding vs private equity and both have different criteria. Very often, companies prefer growth-oriented investors for higher valuations, whereas many PE investors remain by nature more cautious, he adds.
Investment to tackle climate change falls in 2022, says UNCTAD
Cross-border investment in climate change mitigation and adaptation is projected to decline in 2022 against the backdrop of a global investment downturn, according to a new report published by the UN Conference on Trade and Development.
