World

In Singapore, nearly 90% of Singapore CEOs have embarked on or are planning a hiring freeze over the next six months, KPMG says. Roslan Rahman | Afp | Getty Images Global CEOs are anticipating a recession in the next 12 months, according to a new survey by professional services firm …

Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Federal Reserve officials this week gave their clearest signal yet that they’re willing to tolerate a recession as the necessary trade-off for regaining control of inflation. Al …

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 20, 2022.  Andrew Kelly | Reuters The S&P 500 is on the verge of doing something it hasn’t done in at least two decades, according to Susquehanna. Chris Murphy, Susquehanna’s …

Elon Musk has reversed course and is again proposing to buy Twitter for $54.20 a share, according to sources familiar with the matter. A deal could happen as soon as Friday, the sources added. Twitter shares jumped as much as 15% on Tuesday after Bloomberg first reported on the Tesla …

The greatest worry for former CIA chief General David Petraeus (US Army, Ret.) concerning the war in Ukraine is the potential for unbridled escalation that would result in catastrophic consequences, he told CNBC Tuesday. Asked what his top concern was with regard to the Russia-Ukraine conflict, in which the U.S. …

Analysts have been debating the demand for Apple’s iPhone 14 models amid a backdrop of rampant inflation, rising interest rates and fears of a global recession. Getty Images Foxconn, a major supplier of Apple, warned Tuesday it is “cautiously positive” on the outlook for the fourth quarter after record September …

East and southeast Asia are set to post growth rates below those in the five years prior to the pandemic. Kiyoshi Ota | Bloomberg | Getty Images We still have time to step back from the edge of recession. Nothing is inevitable. We must change course. Rebeca Grynspan Secretary-General of …

Morning rush hour in Jakarta. Indonesia’s Jakarta Composite index faced a couple of bumps in the road in 2022, but as of Friday’s close, it was the best performing major Asia-Pacific index for the year. Bay Ismoyo | AFP| Getty Images In contrast, the Hang Seng index in Hong Kong, …

Rafael Henrique | LightRocket | Getty Images South Korean internet giant Naver is acquiring U.S. e-retailer Poshmark for roughly $1.2 billion, the companies announced Monday. Poshmark shares popped as much as 14% in extended trading. Naver is paying $17.90 per share in the all-cash deal. Poshmark closed on Monday at …

Tim Cook is the latest big name in tech to pour some cold water on the industry’s excitement over the concept of a metaverse. “I always think it’s important that people understand what something is,” the Apple CEO told Dutch publication Bright on Friday. “And I’m really not sure the …