SAO PAULO — Brazilian police allege an Italian refiner purchased gold from a trader sourcing it illegally in the Amazon rainforest region, according to police documents, and corporate disclosures show that refiner has supplied the precious metal to four of the world’s largest tech companies. Read More
Royal Philips NV Chief Executive Officer Frans Van Houten discusses the company’s financial results, strategy and outlook. The Amsterdam-based maker of medical gear lowered its sales guidance as inflationary pressures and supply chain troubles led it to miss earnings estimates in the second quarter. On top of supply chain struggles, Philips faces about 300 court cases following […]
Mallika Sachdeva, Asia macro strategy managing director at Deutsche Bank, discusses Fed policy, what’s priced into markets and her outlook for Asian central banks. She speaks on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/
India’s second-largest IT firm Infosys Ltd. raised its annual sales forecast on upbeat demand for its digital services. Saritha Rai reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/
A hard-line immigration policy risks tightening the labour market further and choking off economic growth in the capital, a top London business body has warned Tory leadership contenders. In an open letter to Rishi Sunak and Liz Truss urging them to consider the “special needs” of London, the London Chamber of Commerce said the capital […]
As the cost of living crisis continues, over 30m Brits have been forced to seek an additional source of income due to the pinch on their finances. Shockingly, this is a staggering 65 increase in just four months, since February this year, according to new research. Younger people are most keen to secure new income […]
The number of restaurants falling into insolvency has increased by more than 60% in the past year amid worker shortages and the cost of living crisis, which has forced customers to cut back on spending. New data from the accountancy firm UHY Hacker Young showed that 1,406 restaurants in the UK closed their doors in […]
The number of jobs being advertised offering bonuses has more than doubled since the start of last year, as employers seek to fill staff shortages without committing to inflation-proof pay rises. Mounting concerns that the UK is headed into an economic downturn have led companies to contain costs while trying to attract talent amid record […]
Britain’s next prime minister must accelerate the pursuit of trade deals to prevent a further sharp rise in costs as global supply chains are overhauled, according to the country’s leading business group. Tony Danker, director-general of the CBI, warned that the West’s shift away from countries including Russia and China risked becoming “incredibly expensive” for […]