A dispute between two billionaires once united in a visionary project to send power from Australia to Singapore via the world’s longest undersea cable has intensified with one blaming cost overruns on “inexperienced management”. Fortescue Metals billionaire Andrew “Twiggy” Forrest told CNN backstage at the World Economic Forum in Davos that capital costs for Sun […]
Suzanne
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.
World Economic Forum reaches its final day this Friday (20)
The World Economic Forum (WEF) comes to its final day this Friday (20) in Davos, Switzerland. The meeting, considered one of the main ones in the global calendar of annual events, had the theme “Cooperation in a fragmented world” and brought together great political, business and civil society leaders to debate some of the main […]
Inflation would be at 9%, if it weren’t for the tax cut, says BC president
The president of the Central Bank, Roberto Campos Neto, repeated this Thursday (19) that part of the disinflation that occurred in recent months was due to the cut in taxes on fuel and electricity. “Inflation would be at 9%, not 5.8%, if it weren’t for this tax cut”, he replied, in a lecture at the […]
Wages in circulation in the economy grows R$ 31.353 billion in 1 year
The mass of wages in circulation in the economy increased by BRL 31.353 billion in the period of one year, to BRL 272.998 billion, an increase of 13.0% in the quarter ended in November 2022 compared to the quarter ended in November 2021. Data are from the Continuous National Household Sample Survey (Continuous PNAD) by […]
The number of lawsuits opened at the CVM against Americanas reaches 5
Based on a complaint sent by the Brazilian Association of Investors (Abradin), the Securities and Exchange Commission (CVM) opened an administrative process to investigate the events related to Americanas and the PwC audit, bringing the number of proceedings filed to five. The process may be forwarded to the Corporate Relations Superintendence (SEP). As the investigations […]
CEOs in Davos are using ChatGPT to compose work emails
Jeff Maggioncalda, CEO of online learning provider Coursera, said that when he first tried ChatGPT, he was “blown away”. Now, it’s part of your daily routine. It uses new and powerful AI chatbot tool to send emails. He uses it to craft speeches “in a friendly, upbeat, authoritative tone with a mixed cadence.” He even […]
Americanas: what you need to know before clicking “buy”
The disclosure of a BRL 20 billion shortfall at Americanas, which led the company to urgent judicial recovery, leaves consumers with doubts regarding purchases on the company’s website. But, in the midst of everything that is happening, is Americanas still safe to make purchases, whether on the website or in the physical store? Guilherme Farid, […]
Americanas asks that more than R$ 800 million blocked be returned in 6 hours
Lawyers from Grupo Americanas requested the Justice of Rio de Janeiro this Thursday (19), that the banks BV, Bradesco, Itaú and Safra return the funds blocked from the company’s account within six hours. Added together, the obstructed amounts come close to R$ 822 million (R$ 821,9,931,967.94). According to the document, “Banco Votorantim promoted undue compensation […]
Netflix founder Reed Hastings steps down as co-CEO
Netflix announced on Thursday that its founder, Reed Hastings, is stepping down as co-CEO of the company and will serve as executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. “Our board has been discussing succession planning for many years (even founders need to evolve!),” Hastings wrote in a blog post […]
Resale prices of Gucci, Chanel and Louis Vuitton handbags fall amid crisis
Consumers, spooked by accelerating job cuts, fears of an impending recession and continued high prices for goods and services in 2023, are trading down when they’re shopping, and that includes second-hand stores. Demand for second-hand goods remains high, with the resale market expected to hit $82 billion in sales by 2026, nearly doubling from $43 […]
