Independent thinking for complex markets and current events
CHINA SLASHES ‘NO-GO’ LIST TO WIN BACK FOREIGN CASH Beijing just cut its investment blacklist from 117 to 106 industries in a fresh attempt to say: “Please invest here, we swear it’s fine.” TV, telecoms, and pharma services got partial green lights, while e-cigs and drones? Still on the no-no list – because nothing says …
Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce. U.S. staff receiving the notices this week will stay on Boeing’s payroll until January to comply with federal requirements that give …
In a significant development, BlackRock, the world’s largest asset manager, is reportedly undergoing layoffs, marking a notable shift for the firm as it matures and reassesses its strategic focus. The move comes as BlackRock grapples with various factors, including a reported pullback from Environmental, Social, and Governance (ESG) investments and the anticipation surrounding the approval …