"This can be as big an opportunity as the IT services industry was in the 90s," said Girish Mathrubootham, CEO of Freshworks, India's best-known SaaS company. It filed for an IPO last month, joining a string of other major Indian tech unicorns that are going public this year. * Freshworks was founded more than a decade ago in the southern Indian city of Chennai. Like Salesforce, it provides software to help companies manage relations with their customers. It's also India's olde...

"This can be as big an opportunity as the IT services industry was in the 90s," said Girish Mathrubootham, CEO of Freshworks, India's best-known SaaS company. It filed for an IPO last month, joining a string of other major Indian tech unicorns that are going public this year. * Freshworks was founded more than a decade ago in the southern Indian city of Chennai. Like Salesforce, it provides software to help companies manage relations with their customers. It's also India's olde...

No doubt this is a big "if," hinged largely on inflation steadily receding from June's 40-year high. But it should. Oil and gasoline prices are falling quickly as the worst of the commodity market fallout from the Russian invasion of Ukraine appears to be behind us. Meanwhile, the pandemic continues to fade, allowing global supply chains to iron themselves out, which will ease shortages for everything from lumber to vehicles. Potential workers sidelined by the virus are also slowly getti...

No doubt this is a big "if," hinged largely on inflation steadily receding from June's 40-year high. But it should. Oil and gasoline prices are falling quickly as the worst of the commodity market fallout from the Russian invasion of Ukraine appears to be behind us. Meanwhile, the pandemic continues to fade, allowing global supply chains to iron themselves out, which will ease shortages for everything from lumber to vehicles. Potential workers sidelined by the virus are also slowly getti...

In the complaint, YouTube on Thursday said it will no longer allow misinformation related to abortion on its platform, including false claims about the safety of the procedure and potentially unsafe instructions about how to self-induce an abortion. The video-sharing service added abortion-related content to its medical misinformation policies, which also prohibit false claims about Covid-19 and vaccines. The policy change takes effect Thursday. "We believe it's important to connect peop...

In the complaint, YouTube on Thursday said it will no longer allow misinformation related to abortion on its platform, including false claims about the safety of the procedure and potentially unsafe instructions about how to self-induce an abortion. The video-sharing service added abortion-related content to its medical misinformation policies, which also prohibit false claims about Covid-19 and vaccines. The policy change takes effect Thursday. "We believe it's important to connect peop...

A couple of forces are buoying (pun intended) those businesses, and neither are particularly uplifting: *It's hot. Like, in a "the planet is overheating" kinda way. Everyone's just trying to cool off, and those who can afford it will pay for the privilege of a cool dip.The inventory of boats and houses dwindled during the pandemic. Now, as inflation eats into discretionary income, people who splurged on the 20-foot pontoon boat or the more-expensive house with a pool out back may be...

A couple of forces are buoying (pun intended) those businesses, and neither are particularly uplifting: *It's hot. Like, in a "the planet is overheating" kinda way. Everyone's just trying to cool off, and those who can afford it will pay for the privilege of a cool dip.The inventory of boats and houses dwindled during the pandemic. Now, as inflation eats into discretionary income, people who splurged on the 20-foot pontoon boat or the more-expensive house with a pool out back may be...

BOTTOM LINE Energy officials say Europe must find ways to save 12 billion cubic meters of gas — equal to about 3% of its annual consumption — over the next 12 weeks to avert disaster. "This is a big ask, but it does not exaggerate the scale of what is needed," said Fatih Birol, executive director of the International Energy Agency, earlier this week. * "It is categorically not enough to just rely on gas from non-Russian sources — these supplies are simply not available in the volumes required...

BOTTOM LINE Energy officials say Europe must find ways to save 12 billion cubic meters of gas — equal to about 3% of its annual consumption — over the next 12 weeks to avert disaster. "This is a big ask, but it does not exaggerate the scale of what is needed," said Fatih Birol, executive director of the International Energy Agency, earlier this week. * "It is categorically not enough to just rely on gas from non-Russian sources — these supplies are simply not available in the volumes required...

"People have been put through the wringer these last two years," said Mark Zandi, chief economist at Moody's Analytics. "The sentiment is consistent with a very nervous consumer." The Conference Board's Leading Economic Index reversed earlier gains and fell in the first half of 2022, signaling that near-term recession risks have grown, the group said. University of Michigan data showed that consumer sentiment tumbled to a record low between May and June, but — perhaps surprisingly —...

"People have been put through the wringer these last two years," said Mark Zandi, chief economist at Moody's Analytics. "The sentiment is consistent with a very nervous consumer." The Conference Board's Leading Economic Index reversed earlier gains and fell in the first half of 2022, signaling that near-term recession risks have grown, the group said. University of Michigan data showed that consumer sentiment tumbled to a record low between May and June, but — perhaps surprisingly —...

杜卡迪走向世界我的 CNN 同事乔纳森·霍金斯最近有机会在意大利米萨诺与杜卡迪首席执行官克劳迪奥·多梅尼卡利坐下来，为期三天的世界杜卡迪周吸引了大约 80,000 名狂热的粉丝和车主。 这家由大众汽车拥有的公司周五宣布，它在 2022 年上半年实现了创纪录的 5.42 亿欧元（5.52 亿美元）的收入，并将营业利润提高了约 15%。 但杜卡迪的负责人描述了复杂的商业环境，这使得满足自行车需求的激增变得更加困难。 多梅尼卡利说，自大流行以来的供应链问题一直是一场“彻头彻尾的噩梦”。 “这是一个非常复杂的混合体，”他说，并指出将集装箱从亚洲运到欧洲所需的时间已经翻了一番，而中国的关闭使得获得必要部件变得困难。 然而，他驳斥了供应链应该更加本地化的想法，并指出逆转数十年全球化的陷阱。

杜卡迪走向世界我的 CNN 同事乔纳森·霍金斯最近有机会在意大利米萨诺与杜卡迪首席执行官克劳迪奥·多梅尼卡利坐下来，为期三天的世界杜卡迪周吸引了大约 80,000 名狂热的粉丝和车主。 这家由大众汽车拥有的公司周五宣布，它在 2022 年上半年实现了创纪录的 5.42 亿欧元（5.52 亿美元）的收入，并将营业利润提高了约 15%。 但杜卡迪的负责人描述了复杂的商业环境，这使得满足自行车需求的激增变得更加困难。 多梅尼卡利说，自大流行以来的供应链问题一直是一场“彻头彻尾的噩梦”。 “这是一个非常复杂的混合体，”他说，并指出将集装箱从亚洲运到欧洲所需的时间已经翻了一番，而中国的关闭使得获得必要部件变得困难。 然而，他驳斥了供应链应该更加本地化的想法，并指出逆转数十年全球化的陷阱。

In a press conference Wednesday, Fed chair Jerome Powell called the index "important" because of how it accounts for the composition of the labor market. The data tracks changes in employers' labor costs for wages and salaries, along with health, retirement and other benefits. The index is not subject to the same distortions as other measures, such as average hourly earnings, because it keeps the composition of the workforce constant. Wage growth won't abate until the labor market t...

In a press conference Wednesday, Fed chair Jerome Powell called the index "important" because of how it accounts for the composition of the labor market. The data tracks changes in employers' labor costs for wages and salaries, along with health, retirement and other benefits. The index is not subject to the same distortions as other measures, such as average hourly earnings, because it keeps the composition of the workforce constant. Wage growth won't abate until the labor market t...

OverhaulThe bank's latest plans include cutting its cost base to below 15.5 billion francs in the medium term versus an annualized 16.8 billion this year based on first-half numbers. It said it will give more details on how to do this with third-quarter results. The bank has previously said it aimed to bring cost savings forward, speeding up measures introduced as part of its reorganization in November targeting 1.0 billion to 1.5 billion francs in annual structural cost savings by 2024....

OverhaulThe bank's latest plans include cutting its cost base to below 15.5 billion francs in the medium term versus an annualized 16.8 billion this year based on first-half numbers. It said it will give more details on how to do this with third-quarter results. The bank has previously said it aimed to bring cost savings forward, speeding up measures introduced as part of its reorganization in November targeting 1.0 billion to 1.5 billion francs in annual structural cost savings by 2024....

Workers at a Chipotle in Lansing, Michigan also have filed for a vote, And there are similar efforts underway in Flushing, Queens as well as several other "nascent" efforts, Young said. The closure "sends a message — if you try to organize, we'll close your store," he said. Brandi McNease, who was employed at the Augusta location and has been leading the unionization efforts, said "we're not done" trying to unionize. "We really want to ... tell Chipotle that this isn't going to...

Workers at a Chipotle in Lansing, Michigan also have filed for a vote, And there are similar efforts underway in Flushing, Queens as well as several other "nascent" efforts, Young said. The closure "sends a message — if you try to organize, we'll close your store," he said. Brandi McNease, who was employed at the Augusta location and has been leading the unionization efforts, said "we're not done" trying to unionize. "We really want to ... tell Chipotle that this isn't going to...

Exxon made nearly $17.9 billion between April and June, almost four times what it earned during the same period in 2021. Chevron booked a profit of $11.6 billion, while Shell earned $11.5 billion. But those numbers pale in comparison to the haul by Saudi Aramco. Saudi Arabia's state oil giant said Sunday that it earned $48.4 billion in the second quarter, a 90% year-on-year increase and all-time high for the company. Aramco CEO Amin Nasser pointed to "increasing demand" for the company&a...

Exxon made nearly $17.9 billion between April and June, almost four times what it earned during the same period in 2021. Chevron booked a profit of $11.6 billion, while Shell earned $11.5 billion. But those numbers pale in comparison to the haul by Saudi Aramco. Saudi Arabia's state oil giant said Sunday that it earned $48.4 billion in the second quarter, a 90% year-on-year increase and all-time high for the company. Aramco CEO Amin Nasser pointed to "increasing demand" for the company&a...

The sudden shift reflected the broader turbulence in this sector. Buoyed by billions in venture capital and a surge in demand earlier in the pandemic, a long list of on-demand companies promised to deliver ice cream, toilet paper, vodka or even a single apple in as little as 10 minutes. These startups opened offices and micro-fulfillment centers in cities across the country and rapidly recruited couriers. * Then the music stopped. Soaring inflation, rising interest rates, fears of a looming r...

The sudden shift reflected the broader turbulence in this sector. Buoyed by billions in venture capital and a surge in demand earlier in the pandemic, a long list of on-demand companies promised to deliver ice cream, toilet paper, vodka or even a single apple in as little as 10 minutes. These startups opened offices and micro-fulfillment centers in cities across the country and rapidly recruited couriers. * Then the music stopped. Soaring inflation, rising interest rates, fears of a looming r...