Chris Licht Addresses Bombshell Profile: “CNN Is Not About Me”

CNN Worldwide chairman and CEO Chris Licht addressed the bombshell profile in The Atlantic in comments to network staffers on Monday, telling them, “I should not be in the news unless it’s taking arrows for you.” Licht indicated that he had been doing “a lot of thinking” over the weekend about the profile, and said […]

Markets Wait For Debt Limit Deal, PCE Inflation

Market sentiment remains muted amidst an anxious wait for the outcome of the negotiations on the debt limit. Also keenly anticipated is the PCE inflation reading from the U.S. for the month of April. European benchmarks are trading lower. Wall Street Futures are trading in negative territory. Asian stocks finished trading on a mixed note. […]

Layoffs Surge 315%

Anyone who thinks that tech layoffs will not lead job attrition in the United States this year is wrong. According to a new report by Challenger, Gray & Christmas, of 417,500 layoffs announced through the first five months of the year, 136,831 have been in the tech sector. (Your boss does not want you to […]

Germany Slid Into Recession In Q1

The German economy entered a technical recession in the first quarter, in contrast to the initial estimate, as high inflation damped household consumption, official data revealed Thursday. Gross domestic product declined a seasonally and calendar adjusted 0.3 percent from the fourth quarter of last year, when the economy shrank 0.5 percent, Destatis reported. The initial […]

India’s progress on digital inclusion stalled in 2022, says GSMA report

India’s progress on digital inclusion stalled in 2022 with no change in mobile internet use for either men or women, the latest mobile gender gap report, published by global mobile industry association GSMA shows. Released on Wednesday, the report shows that 81 per cent of men and 72 per cent of women in India owned […]

Sebi proposes enhanced disclosure requirements for high-risk FPIs

The Securities and Exchange Board of India (Sebi) has proposed stricter disclosure norms for certain foreign portfolio investors (FPIs) to bring in more transparency and trust against the backdrop of the Adani-Hindenburg Research saga. Under the new norms, FPIs with an exposure of more than 50 per cent to a single group or with assets […]