Business - Page 101

Italy has utilized about 45% of the 113.5 billion euros ($123.5 billion) it has received from European Union COVID-19 recovery funds, falling short of a target set in 2022, the Italian government

On Friday, Russian officials claimed that Moscow’s increased self-sufficiency helped it avoid the global IT systems outage, attributing this resilience to years of adapting under Western sanctions. However, some experts caution that

Burberry’s new CEO, Joshua Schulman, who previously led Coach, has inherited a significant strategic dilemma. On Monday, Schulman was announced as the successor to Jonathan Akeroyd, making him the fourth CEO in

American Express’s (AXP.N) second-quarter revenue rose by 9% to a record $16.33 billion, driven by robust spending from its affluent customers. Despite this increase, the revenue fell short of expectations, causing a

GE Aerospace announced on Friday its plan to invest over $1 billion in the next five years to expand its global maintenance, repair, and overhaul (MRO) facilities, aiming to reduce turnaround times

The European Central Bank (ECB) maintained interest rates unchanged on Thursday, indicating that September’s meeting was “wide open.” This decision comes amidst a downgraded economic outlook for the eurozone and forecasts of

The yen surged on Wednesday, which analysts suspect may be due to Japanese officials intervening to support the struggling currency from multi-decade lows. Recently, the yen experienced significant movements, notably rising sharply

Apple‘s (AAPL.O) shares surged 2.5% to a record high on Monday after Morgan Stanley boosted its price target and named the stock a “top pick,” citing Apple’s advancements in artificial intelligence as

UnitedHealth (UNH.N) projected a more significant impact on this year’s earnings due to a February hack at its tech unit, Change Healthcare. This breach has prompted the company to notify customers and