The euro-area economy is entering 2024 on a weaker footing than previously expected, according to new European Union forecasts that anticipate another year of subdued growth.
Japan's economy is facing more headwinds than previously thought, after it dropped to the world's fourth-largest, trailing the United States, China and now Germany, and unexpectedly slipping into recession last year.
Japan fell into recession due to declining consumer spending caused by pay cuts in the services sector. Weak yen currency increased the cost of living. Higher fuel and stock prices added to the economic pain.
From the recession wave in Britain and Japan, job cuts by Cisco and Morgan Stanley to Coinbase turning black, SpaceX s shift to Texas, and Apple s new developer tool, here s a look at recent business developments around the world.