Vietnam to cut annual rice exports by 44% to 4 million tons by 2030
Vietnam is the world’s third-largest rice exporter, after India and Thailand.
China’s industrial profits tumble 18% in April as demand sputters
Profits at China’s industrial firms slumped in the first four months of 2023, official data showed, as companies struggle with margin pressures and soft demand amid a faltering economic recovery.
The No. 1 ‘underrated’ city in the world, according to 175 travel experts: It’s the ‘new hot city’
New York, Paris and Tokyo may be on your travel bucket list, but there are plenty of cities that don’t get enough credit and are well worth a visit. This year’s pick, according to travel experts, is Bologna, Italy.
JPMorgan Chase cut about 500 jobs this week, including technology and operations roles
Like many financial firms, JPMorgan periodically trims staff during the year, even as it hires thousands more workers to fill roles.
Marvell shares rocket 32% on earnings beat and ‘tremendous’ business potential for A.I.
Shares of Marvell Technology surged about 32% off the back of quarterly earnings results.
European markets close higher with U.S. debt ceiling talks in final stages; tech stocks up 3%
European markets closed higher on Friday after declining through the week.
Tech layoffs ravage the teams that fight online misinformation and hate speech
Meta, Amazon, Alphabet and Twitter have all drastically reduced the size of their teams focused on trust and safety as the companies cut costs.
Fintech firm Klarna halves net loss in first quarter as it races toward profitability
The results show that Klarna is making “significant strides” toward profitability on a monthly basis by the second half of 2023, the firm said.
French riot police fire tear gas at climate protesters outside TotalEnergies shareholder meeting
French police on Friday fired tear gas at climate activists who tried to prevent the annual general meeting of oil giant TotalEnergies.
A U.S. recession would be ‘good news’ for markets, strategist says
A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management.
