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...Shares have declined 98 per cent from their 2021 highs to a little over $7 on Friday, giving it a market value of $674mn....
...“With the organisational simplification behind us and a good quarter under our belt, we have started this critical year on the right foot,” said Citi’s chief executive Jane Fraser....
...Compared with dominant, deep-pocketed rivals such as Meta, the smaller Los Angeles-based social media platform has battled to rebound after tough macroeconomic conditions caused marketers to tighten their belts...
...Chief executive Sima Sistani shot out a memo to assure her employees the company’s financial standing was intact, but WW’s market value remains 98 per cent below its 2018 peak at about $145mn....
...Belt and Road abroad Belt and Road Forum shows China recalibrating after 10 years...
...Boeing’s stock fell 1.8 per cent to $200, putting them down 20 per cent since the start of the year, while Spirit’s shares closed 15.4 per cent higher at $32.98, valuing it at almost $4bn....
...The number of nights and experiences booked rose 12 per cent to a record for the final quarter of 98.8mn, with guest demand strong in all regions, “especially among first-time bookers”, Airbnb said....
...Hanes cotton Originals crop tank, $14.98. Bettter.us upcycled wool-mix trousers with leather belt, £353 Le Tricoteur hand-finished wool Guernsey jumper, £140....
...Mark Widmar, chief executive of First Solar, the largest US solar manufacturer, warned at a Senate finance committee hearing on Tuesday of the country becoming a “de facto extension of China’s Belt and Road...
...A version of this article was first published by Nikkei Asia on January 16. ©2024 Nikkei Inc. All rights reserved....
...They have all benefited significantly from China’s Belt and Road infrastructure initiative and robust trade relations....
...Sales for Paxlovid, another oral antiviral which was in huge demand from China’s elites during a surge of cases in the country late last year, have also tanked, falling 98 per cent in the second quarter...
...You had most of the auto industry advocating that safety belts were against the business model, right?...
...When we wrote about SmileDirectClub’s extremely self-flattering compensation set-up last year, its shares were down a mere 98 per cent since its public offering....
...Xpeng sold 66,133 EVs in the first nine months of the year, down from 98,553 in the same period last year and significantly fewer than rival BYD, which sold 1.07mn pure battery electric vehicles during the...
...“We may be in for a recessionary period, consumers are tightening their belts,” said Lynch of Oghma Partners. “But the longer-term trend for premiumisation will bounce back.”...
Pharmacy group slashes earnings forecast as market softens and customers tighten belts
...With 98.5 per cent of the votes counted, here’s the latest. 3....
...Some Hollywood executives are worried that Apple’s perceived lack of budget constraints — a notion the company rejects — will create problems for the legacy studios, which are all in belt-tightening mode...
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
...Policymakers have at least sounded more cautious about America’s mounting obligations now that it boasts a debt-to-GDP ratio of roughly 98 per cent....
...The town in the Midwestern corn belt is home to the manufacturing operations of Rivian, the battery-powered vehicle start-up worth more than Ford or Volkswagen soon after it listed 18 months ago....
...A version of this article was first published by Nikkei Asia on November 28. ©2023 Nikkei Inc. All rights reserved....
...Nearly three-and-a-half decades of deflation and corporate belt-tightening later, Japan’s collective entertainment expenses have never recovered the peak and were ¥3.9tn in pre-Covid 2019....
...The company hosts more than 2mn guests a year with 98 per cent occupancy, according to Brookfield’s website....
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