Leading global aerospace organization Boeing is grappling with a shortage of spare parts, semiconductors, and engines. The monthly hiccups and disruptions keep changing and look far from resolving, according to the US plane maker's executives.
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UBS Group is planning to promote Iqbal Khan to head the global wealth business solely and eventually groom him to take over from the current CEO Ralph Hamers.
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GameStop Corp. sacked Mike Recupero, its Chief Financial Officer, and is laying off people to turn around a business influenced by market malaise and shifting gaming demands.
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Bloomberg News reports that worrying about the time of recession is futile, and there is no need to be anxious as the US is already facing one. Wells Fargo Investment Institute said so.
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Kavak, a Mexico-based used car startup firm, is opening more Latin American locations. It is launching its first foray outside Turkey as it wants to prove that it can expand to other emerging markets with its online business model...
According to Bloomberg News, Barclays Plc stated that if Chinese goods attract any rollback of the US tariffs, it will have a modest impact on the Yuan and inflation in the United States.
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The cashier-less technology implemented by Amazon Inc. helps customers speed up their shopping at convenience and grocery stores. The company will now use the tracking system to help advertisers and brands to figure out how to sell more items.
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Tesla Inc. closed down its California facility resulting in hundreds of workers in its autopilot team losing their jobs, according to people having information on the matter.
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FTX crypto exchange owned by Sam Bankman-Fried is exploring whether it can buy Robinhood Markets Inc. or not, according to people with information on the matter.
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President and CEO of Toyota Motor Corp., Akio Toyoda, told shareholders during the annual meeting that the company is working on grooming candidates for the top position.
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