Invasion or not, Ukraine’s economy is already paying price
In his open-plan office in the centre of Kyiv, tech executive Dmytro Voloshyn lists off the tricky questions he’s dealt with over the last weeks as fears have soared over a possible Russian invasion. What will happen if things escalate? What to do…
Apple asks India’s antitrust watchdog to dismiss apps market case | Business and Economy News
Apple Inc has asked India’s antitrust watchdog to throw out a case alleging abuse of market power in the apps market, saying it is too small a player in the South Asian country where Google is dominant, a filing seen by the Reuters news agency shows. The…
Is the economy really worse off than in April 2020?
Editor’s Note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take…
Embattled China property giant sparks economy fears
Evergrande is currently building a new stadium for its football team, Guangzhou FC Chinese company Evergrande has started to repay investors in its wealth management business with property, as the world’s most indebted real estate developer faces a…
VC Daily: Question: How Are Startup Founders Reacting as Economy Slows?
Good day. Last week, we asked about what is driving the rush of startup mergers and acquisitions. Stock appreciation and more private equity and SPAC buyers are contributing, wrote General Catalyst managing director Paul Kwan. “Tech companies…
Big Tech Earnings Surge During Pandemic While Economy Slumps
(Bloomberg) — The largest U.S. technology companies are thriving in a pandemic that has increased dependence on their products and services, while hammering much of the rest of the economy.Quarterly results from Apple Inc., Amazon.com Inc.,…
Big Tech Earnings Surge During Pandemic While the Economy Slumps
(Bloomberg) — The largest U.S. technology companies are thriving in a pandemic that has increased dependence on their products and services, while hammering much of the rest of the economy.Quarterly results from Apple Inc., Amazon.com Inc.,…
Stocks Slump on Economy Before Big Tech Earnings: Markets Wrap
(Bloomberg) — U.S. stocks slumped and Treasuries climbed after economic data added to concern over a slow and uneven recovery amid a resurgence of coronavirus cases around the globe. A third day of falling bond yields sent financial shares to their…
How Might Tech Shape Up In the Post-COVID Economy? Earnings Ahead
Key Takeaways: Analysts expect a decline in Q2 and Q3 earnings but a strong recovery from Q4 2020 through 2021 Companies producing or offering cloud-based and subscription-based services performed better during the COVID lockdown period Economic…