Tag

Global Uncertainties

All articles tagged with #global uncertainties

international-relations2 years ago

"Premier Li emphasizes unity and cooperation between China, Europe, and G20 at G20 summit"

Chinese Premier Li Qiang called for China and Europe to "unite and cooperate" against global uncertainties at the G20 summit, as the European Union grows wary of engaging with China. Li urged the EU to provide a non-discriminatory environment for Chinese firms and expressed China's willingness to strengthen dialogue and cooperation in areas such as clean energy and green finance. He emphasized the importance of the stability of China-EU relations as a hedge against the uncertainty of the world situation.

business2 years ago

Lenovo remains optimistic despite PC market decline

Lenovo, the world's largest PC-maker, reported a third consecutive quarter of revenue decline due to the global slump in demand for personal computers. However, the company is optimistic about its non-PC businesses, which grew 7% and now consist of nearly 40% of total revenue for the full year through March. Lenovo's CFO, Wong Wai-Ming, believes that the company's clear strategy is working and that its operation is resilient, even in the face of global uncertainties. The company expects the PC market to return to growth in the second half of 2023.

business2 years ago

Infosys shares plummet: Here's why.

Infosys shares have dropped over 10% due to a dismal revenue outlook caused by the impact of banking turmoil in major markets, specifically the United States and Europe. The IT sector, which earns more than 25% of its revenue from just the US and European banking, financial, services and insurance sector, is facing rising global uncertainties and fears of a recession causing clients to defer spending. At least 10 brokers have lowered their ratings on Infosys stock, and the outlook for India's IT services sector is set to worsen over the next six months before bottoming out.