WION's Business Desk brings you this daily round up of global stories from the world of business and economy.
Paramount global surprises with streaming growth despite missing revenue estimates
Paramount Global's quarterly revenue disappointed Wall Street on Wednesday, even after posting a profit boosted by streaming gains that overshadowed a sluggish advertising market.
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Match Group Inc said on Wednesday it would lay off about 8 per cent of its workforce, a day after it forecast first-quarter revenue below Wall Street expectations.
The company has already cut jobs in the United States and the process is ongoing in other countries, Chief Financial Officer Gary Swidler said on the earnings call.
Watch | World Business Watch: Samsung reports lowest quarterly profit since 2014
Climate activists demonstrated against large oil companies at the World Economic Forum (WEF), claiming that these energy giants were monopolising the debate on climate change in Davos, according to a Reuters report.
Among the 1,500 corporate leaders gathered for the annual meeting in the Swiss resort are major oil companies like BP, Chevron, and Saudi Aramco, during which global issues, including climate change, will be discussed.
An unexpected growth was registered in the economy of the UK in November as people splurged during the World Cup, stated official data on Friday as analysts warned the country may still face recession because of a crisis due to the high cost of living.
The Office for National Statistics (ONS), issued a statement, saying that even after several strikes, the country’s gross domestic product increased by 0.1 per cent in November. The ONS said that restaurants and pubs majorly boosted the economy as people visited places to watch football matches.