Global factory growth stunted by war, China’s COVID-19 curbs

Manufacturing growth slows in May 2022, illustrating the challenge policymakers face in trying to combat inflation while not stifling anemic economic activity Global growth in factory activity slowed in May as China’s strict coronavirus curbs and Russia’s invasion of Ukraine disrupted supply chains and dampened demand, adding to woes for businesses already struggling with surging … Read more

Stocks tumble on growth concerns, bond yields slip

Shares slid worldwide on Tuesday, May 24, as supply chain woes and surging costs hurt corporate earnings and manufacturing output slowed, while Treasury yields dipped as the weakness in equities revived a safe-haven bid for US government debt. The stock market’s two-day relief ended as investors worried about slow raising costs. Corporate profit margins have … Read more

Pre-pandemic growth track, reducing poverty

Arsenio Balisacan says he looks forward to working with Ferdinand Marcos Jr.’s economic team and the private sector to revive the Philippines’ high growth trajectory MANILA, Philippines – An inclusive economy and bringing the Philippines back to a high growth trajectory are among the priorities of Arsenio Balisacan, the choice of presumptive president Ferdinand Marcos … Read more

Grab announces three ESG goals for sustainable and inclusive growth

Through the ESG goals, Grab strengthens their ongoing commitment to reduce their carbon footprint, accelerate digital readiness in the country, and provide Filipinos access to meaningful livelihood opportunities Editor’s note: This press release is sponsored by Grab Philippines and was handled by BrandRap, the sales and marketing arm of Rappler. No member of the news … Read more

Twitter user growth rises but weak sales highlight Musk challenges

The company reports 12 million new users in the first quarter of 2022, its highest rise since the height of the pandemic Twitter Inc on Thursday, April 28, reported revenue and ad sales that fell short of expectations and were depressed by the ongoing war in Ukraine, laying out the challenges billionaire Elon Musk will … Read more

Meta shares surge after Facebook ekes out user growth

Meta CEO Mark Zuckerberg says the company would scale back costs and invest in artificial intelligence tools to improve recommendations and ads Facebook rebounded from a drop in users early this year and its parent Meta posted a profit ahead of Wall Street targets, defying low investor expectations with a quarterly report that sent shares … Read more

IMF cuts global growth forecast due to ‘seismic waves’ from Russia’s war in Ukraine

WASHINGTON, USA – The International Monetary Fund (IMF) on Tuesday, April 19, slashed its forecast for global economic growth by nearly a full percentage point, citing Russia’s war in Ukraine, and warning that inflation was now a “clear and present danger” for many countries. The war is expected to further increase inflation, the IMF said … Read more

Global growth hit by Ukraine war, IMF’s Georgieva says, warning of ‘very dangerous time’

The International Monetary Fund will downgrade its growth outlooks for 143 harvesting 86% of global economic output WASHINGTON, USA – The International Monetary Fund (IMF) will cut its global growth estimates for 2022 and 2023 as Russia’s war in Ukraine drives food and energy prices higher, piling pressure on already fragile, Managing Director Kristalina Georgieva … Read more

Diesel shortage in Europe threatens to slow economic growth

LONDON, United Kingdom – European face the risk of a diesel shortage, the preferred fuel for heavy industry, as on Russian energy threatens to disrupt imports while supply from elsewhere limited. Russia is Europe’s largest supplier of diesel and related fuels, sending over three quarters of a million barrels per day (bpd) for use in … Read more

Mitchell Robinson’s growth can’t stop free agency rumors

MEMPHIS – It’s almost bittersweet. Mitchell Robinson, the Knicks center who turns 24 on April 1, keeps growing while rumblings that he will seek greener pastures as an unrestricted free agents grows too. The Post reported last month that if Robinson doesn’t have a contract extension in place by Jun. 30, he’s likely a guner. … Read more