German Housing Construction Cancellations At New High – Ifo

Germany’s residential construction sector crisis continued to intensify in August with the number of project cancellations hitting a new high, mainly due to rising costs and higher interest rates, a survey from the ifo Institute revealed Tuesday. In August, 20.7 percent of companies reported canceled housing projects, up from 18.9 percent in the previous month, the findings of a survey […]

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Asian Stock Markets Fret About Global Growth

Asian markets finished trading on a mixed note on Wednesday amidst concerns about growth in China as well the broader world economy. A rise in crude oil prices also weighed on sentiment. China’s Shanghai Composite Index gained 3.71 points or 0.1 percent to finish trading at 3,158.08. The day’s trading ranged between 3,162.15 and 3,136.90. The Shenzhen Component Index shed […]

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Can RBI Win The War On Inflation?

‘There are occasions when the prices of individual items like food raise inflation; then supply-side measures must be taken.’‘But if there is continued inflation, it means liquidity is aggravating the situation.’ Inflation is a subject that can drive dry central bankers to become droll. ‘As is often the case, we are navigating by the stars under cloudy skies,’ said Jerome […]

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Major car dealership closes down after 60 years with 'NO prospect' of reopening leaving shoppers gutted | The Sun

A MAJOR car dealership has closed after 60 years – with no prospect of reopening. Bristol Street Motors Ford dealership in Stroud, Gloucestershire, shuttered on Friday. Formerly known as Valley Garage and then Coulter, there has been a dealership on the London Road site for 60 years. Staff are set to be relocated to retailers in nearby Gloucester and Cheltenham, […]

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WWE, UFC Merger Is Official: New TKO Group Unveils Growth Strategy, Board, As Stock Set To Hit NYSE

UFC, the mixed martial arts powerhouse, has officially tied the knot with Vince McMahon’s professional wresting juggernaut WWE, creating a new company called TKO Group that starts trading on the New York Stock Exchange today. Execs from both sides will be ringing the NYSE opening bell to celebrate “a new premium sports and entertainment company serving more than one billion […]

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Byju’s changing fortune: From buying spree to selling crown jewels

Edtech major Byju’s rode the easy money wave during the Covid pandemic, using that time to acquire companies that allowed it to enter a new vertical or geography. From those highs, the Bengaluru-headquartered company founded in 2011 is now looking to sell two companies it lists as “well-known acquisitions” on its website —  Epic and Great Learning. But strategic buys […]

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