Club Med owner is bullish on China’s reopening, says resort is ‘definitely not for sale’

In this picture taken on October 12, 2016 a general view shows the Club Med resort in Sanya. Almost two years after being bought out by Chinese investment fund Fosun, the holiday resort French group Club Med tries to import its recipes on a promising Chinese market, where a growing upper middle-class now discovers the … Read more

These tech giants are still making money, but layoffs are coming hard and fast

Google and Facebook parent Meta are some of the companies that have laid off workers in recent months. Beata Zawrzel | Nurphoto | Getty Images From the US to Europe and Asia, global tech giants from Microsoft and Google, to Amazon, SAP and more have laid off thousands of employees since the start of the … Read more

The Fed is likely to hike rates by a quarter point but it must also reassure it can contain a banking crisis

The Federal Reserve is expected to raise interest rates Wednesday by a quarter point, but it also faces the tough task of reassuring markets it could stem a worse banking crisis. Economists mostly expect the Fed will increase its fed funds target rate range to 4.75% to 5% on Wednesday afternoon, though some expect the … Read more

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