Private equity set a remarkable new standard for itself in 2021. Buyout deal value reached an all-time high of $1.1 trillion, doubling 2020’s total of $577 billion and shattering the previous record of $804 billion set in 2006 during the exuberant run-up to the global financial crisis. Deal size, not deal count, ...
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The pandemic has reset the ways we live, work, and do business, accelerating some long-term shifts and setting new changes in motion. In 2021, the McKinsey Global Institute took stock of how the economy is transforming—and the new opportunities now at hand. Below infographic showcases 12 of the most thought-provoking ...
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Major companies from different sectors around the world have announced the suspension of their operations in Russia one after another due to its war on Ukraine. During the last week, many sectors in Russia saw suspension decisions, ranging from technology to automotive and energy. Apart from sanctions, particularly those imposed ...
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The value of the United States dollar has fallen considerably in recent years, raising questions over the dollar’s long-term viability as a safe-haven currency. According to data presented by Finbold, the U.S. dollar has depreciated sixfold over the past 50 years. In 1972, the worth of one dollar was $1, but ...
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The International Air Transport Association (IATA) announced that the recovery in air travel slowed for both domestic and international in January 2022 compared to December 2021, owing to the imposition of travel restrictions following the emergence of Omicron last November. “The recovery in air travel continued in January, despite hitting ...
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On Monday, the Chairman of Jordan Motorsport, HRH Prince Faisal bin Al Hussein, was elected as senate member of the Fédération Internationale de l'Automobile (FIA) for the next four years. His Highness was one of a total of four members elected to the FIA World Motor Sport Council in a ...
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The unemployment rate in the eurozone dropped to a historic low during December, according to official figures issued on Tuesday. According to the official Eurostat statistics agency, the seasonally shifting unemployment rate stood at seven percent in December compared to 7.1 percent in the month before 2021 and 8.2 percent ...
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The American multinational technology company, Apple, reported that sales have soared during the Christmas season, despite the global shortage of microchips as a result of the COVID-19 pandemic. Sales increased by 11 percent to a record-breaking USD123.9 billion between October and December, while shares increased by more than four percent ...
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One of the world’s largest consumer goods companies, Unilever, cut 1,500 management jobs worldwide, describing the move as "simplifying the organisation," a result of intense pressure from shareholders to enhance growth, as reported by CNN. Unilever issued a statement on Tuesday saying factory workers will not be affected by the ...
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Netflix's (NFLX) stock dropped a staggering 41 percent from an all-time high, only two months ago, as It is gaining subscribers at a relatively, extremely slow pace, as reported by CNN Business. The company's stock was shy of USD700 back in November but dropped to approximately USD400 on Friday. After becoming ...
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