Global Business

Global Business

Moody’s Pushes Turkey Debt Rating Down to B2

"As the risks to Turkey's credit profile increase, the country's institutions appear to be unwilling or unable to effectively address these challenges."
Global Business

Japan’s GDP Falls More Than 28%

The drop is the largest on record since 1955.
Global Business

Japan’s GDP Falls by Record 27.8% in Q2

Japan’s economy entered a recession even before the coronavirus pandemic and could be facing a long road to recovery.
Tax

The Prospect of Higher Taxes Could Spur Rush of Year-End PE Deals

Many PE players are starting to assess which way the political and fiscal winds are blowing and to work on getting deals done.
Mobile

Facebook Preparing To Launch TikTok Rival In U.S., 50 Other Markets

Instagram Reels launched in parts of Europe in June and is set to hit the U.S., Japan, the U.K., and Mexico next month.
Global Business

Regaining Momentum in Cross-Border Operations

Finance executives are looking beyond the turmoil created by the coronavirus pandemic and toward economic recovery and growth.
Capital Markets

JD.com Plans to Kickstart Hong Kong IPO

U.S.-listed Chinese firms are increasingly looking toward home.
Global Business

Six Priorities for Travel CFOs During the COVID-19 Pandemic

Hard-hit travel industry companies must take steps to adjust their offerings, redefine pricing strategies, and focus on maximizing customer lifetime value.
Coronavirus

Gilead Works to ‘Maximize Global Supply’ Of Coronavirus Candidate Remdesivir

"Close coordination of remdesivir manufacturing will be critical," said Gilead Sciences.
Mobile

Apple iPhone Sales Spike in China

“Apple is better positioned than most to experience a rapid recovery in a post-COVID world. We see demand as pushed out, not canceled.”
Global Business

Estimated Global Airline Losses Rise to $314B

The IATA said its revised estimate reflected a ‘significant deepening’ of the coronavirus crisis.
Global Business

Global Manufacturing Dives Amid Virus Lockdowns

Even export powerhouses Germany and Japan saw steep decreases in factory output last month as the coronavirus upended supply chains and crushed demand.
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