Special Reports

Whirlpool Corporation recently announced workforce reductions of 1,000 people globally, initially targeting office staff, amid a backdrop of shifting market dynamics. The company, grappling with sluggish demand and escalating manufacturing costs, witnessed a precipitous decline in its stock value, plummeting by over 11% following the news. CFO Jim Peters cited...

Tesla CEO Elon Musk has announced the cancellation of his anticipated visit to India, originally scheduled for April 21-22, 2024. Musk attributed the postponement to his extensive workload at Tesla but expressed eagerness to reschedule the visit later in the year. Musk confirmed the trip's delay in a social media...

Fashion retailer Express Inc. has initiated Chapter 11 bankruptcy proceedings in the United States, announcing its intention to shutter more than 100 stores as part of its restructuring efforts. The company, which encompasses brands like Express, Bonobos, and UpWest Express, cited assets and liabilities ranging from $1 billion to $10...

Warner Bros. Discovery is under scrutiny for its executive compensation practices, with CEO David Zaslav's 2023 pay package totaling $49.7 million, a significant increase of 26.5% from the previous year. While the company grappled with financial challenges and shrinking business segments, top executives enjoyed substantial pay hikes, raising questions about...

According to the Global CEO Survey conducted by CEOWORLD magazine, a majority of CEOs (98% globally) are anticipating an economic downturn, which geopolitical tensions and disruption in the global supply chain will characterize. However, they are divided on the length, depth, and severity of the impending recession. The survey recorded...

As of 2023, Canada's nominal gross domestic product (GDP) was approximately 2.11 trillion US dollars. This puts Canada at the 10th position in the world GDP ranking, following the United States ($26.94 trillion), China ($17.70 trillion), Germany ($4.42 trillion), Japan ($4.23 trillion), India ($3.73 trillion), the United Kingdom, France, Italy,...

As of 2023, China's nominal gross domestic product (GDP) was approximately 17.70 trillion US dollars. This puts China in the second position in the world GDP ranking, following the United States ($26.94 trillion). Germany ($4.42 trillion), Japan ($4.23 trillion), The United Kingdom, France, Italy, Brazil, and Canada complete the top...

As of 2023, India's nominal gross domestic product (GDP) was approximately 3.73 trillion US dollars. This puts India at the fifth position in the world GDP ranking, following the United States ($26.94 trillion), China ($17.70 trillion), Germany ($4.42 trillion), and Japan ($4.23 trillion). The United Kingdom, France, Italy, Brazil, and...

A recent report by the Australian Council of Social Service and the University of New South Wales reveals that Australia's wealthiest millennials owe their financial status more to parental assistance than to high-paying jobs. The study underscores the significant role of parental support in shaping the wealth distribution among young...

The traditional work model is experiencing a significant shift globally. Factors such as increased economic pressures, a desire for a better work-life balance, and the trend towards remote work have led many workers to seek more flexible work arrangements. As a result, the global freelance workforce is growing at an...