Global Business

The Economy

Starbucks Changing Format of Business District Stores

CEO Kevin Johnson says store traffic is down in central business districts but up in the suburbs.
Global Business

Ford Earnings Beat Estimates; China Growth, Ford Credit Highlighted

“We know that there’s huge value to be unlocked as we turn around our automotive operations," said new CEO Jim Farley.
Tax

Revitalizing the Global Economy Requires Outside-the-Box Thinking

Countries will not be able to tax their way back to prosperity, so it’s time for leaders to find other solutions.
Global Business

China’s Economy Grows Nearly 5%

“China's economy continued its rapid rebound last quarter, with the recovery broadening out and becoming less reliant on investment-led stimulus.”
M&A

Caesars Confirms $3.7B Offer For William Hill

Caesars said it plans to sell William Hill’s non-U.S. businesses, including 1,400 U.K. betting shops.
Technology

Ant Group Launches Cross-Border Trade Platform

"We look forward to making cross-border trading safer, more reliable, and more efficient for buyers and sellers."
Global Business

U.S. Tariffs Violated WTO Rules, Panel Finds

The WTO sided with a complaint from China over tariffs imposed on about $234 billion in goods in 2018.
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.
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