Tag: Economic outlook

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'No doubt' that China will come back, but may take several quarters, Siemens CEO says
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Siemens posts industrial profit drop as automation division slows

15 November 2023, Bavaria, Munich: Flags with the word “Siemens” in front of the company’s headquarters. Karl-Josef Hildenbrand | Picture Alliance | Getty Images German technology giant Siemens on Thursday reported a drop in profit at its industrial business in the fiscal second quarter and said its automation division had slowed. The company’s industrial profit...

'I don't think we're facing the next GFC,' UBS U.S. chief economist says
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Next global financial crisis is not ahead: UBS U.S. chief economist

Despite indicators like U.S. credit card debt pointing toward financial and economic pressures, another global financial crash is not imminent, UBS chief U.S. economist Jonathan Pingle believes. U.S. credit card debt soared to $1.08 trillion in the third quarter of 2023, data from the Federal Reserve Bank of New York showed earlier this month. This...

We believe Southeast Asia is still a bright spot for startups, venture builder says
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Vietnam’s digitalization efforts fuel startup scene

Vietnamese employees working inside the French IT company Linkbynet in Ho Chi Minh City. A decade ago app technology would likely have been developed in California’s Silicon Valley, but today those apps are being churned out by Vietnam’s startup sector, an industry driven by local techies trained overseas but returning home to prowl for opportunities....