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...BCG is working with global tech giants and AI companies — from Microsoft and Google to OpenAI and Anthropic — to integrate their technology into company operations and processes....
...Munich Re chair Nikolaus von Bomhard and his BASF counterpart Kurt Bock were both previously the most senior operational executives at their respective groups....
...This compares with global air passenger volumes, which are only likely to exceed pre-pandemic levels this year, according to trade group Airports Council International....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...China’s industrial activity jumped 7 per cent at the start of the year, boosting hopes of an economic recovery after a period marked by deflation, low consumer confidence and a property cash crunch....
...Apple, however, is so far missing out on much of that broader industry recovery....
...But less global focus can mean missing out....
...Though France accounts for less than a tenth of global sales, the luxury group — which includes brands ranging from fashion label Louis Vuitton to Moët & Chandon champagne — is keen to trumpet its contribution...
...It has had a decent recovery — the bloc’s gross value added rose 3.9 per cent in the four years to the third quarter of 2023 — but this is left in the dust by the US’s stellar rebound....
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
...Skydance, the film studio behind Top Gun: Maverick, has entered exclusive talks to take control of Paramount Global, which had rejected a $26bn takeover offer from buyout firm Apollo, said people briefed...
...Sales at the Paris-based group’s fashion and leather goods division, a global bellwether for personal luxury goods, grew 2 per cent on an organic basis to €10.5bn in the first three months of this year....
...Fink attributed the US’s faster recovery from the financial crisis relative to Europe to America’s lower dependence on the traditional banking sector....
...S&P Global’s flash eurozone composite purchasing managers’ index, which measures business activity across the bloc, rose to an eight-month high of 48.9 this month, up from 47.9 in January....
...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...LVMH, the world’s largest luxury group, reported its weakest quarterly sales growth since the pandemic recovery as Chinese demand subsided and champagne sales fell....
...On a year-on-year basis, deliveries fell almost 9 per cent for Tesla while rising 13 per cent for BYD, although the figure was nowhere near the 85 per cent annual growth the Chinese group reported in the...
...Melanie Debono, an economist at research group Pantheon Macroeconomics, said: “We expect growth to remain subdued in the first half of 2024, as a lagged response to the rise in interest rates over the course...
...This uplift comes as the technology industry has been battling a global downturn....
...That worked out to nearly 12 per cent of group total. On a profit level, the card deal carries even more weight....
...His view was there are no signs of a global economic recovery and telecom operators are becoming more cautious in their spending....
...Analysts at Barclays estimate the ice cream business to be worth up to €17bn, and Unilever is the industry leader with 20 per cent share of the global ice cream market....
...“We are clearly seeing signs of recovery,” the European Central Bank president said on Wednesday....
...Perrette said that the group was “way ahead of what we thought we’d do” in driving profits from its streaming platform. WBD will also start to crack down on password sharing among its existing users....
...Inchcape, which exports cars for global manufacturers across 40 countries, said it would use £100mn of the sale proceeds to buy back shares once the deal is completed, which is expected to happen during...
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