China’s leaders take a cautious approach to the estimate for the country’s economic recovery, after removing most of the Covid restrictions on business activity that were imposed in 2022. China announced a target of around 5% Gross Domestic Product (GDP) growth for 2023, with only a slight increase in fiscal support. The vice president and senior…
The White House announced its much-awaited National Cyber Strategy. It provides a road map for how the White House administration aims to defend the USA from an increasing number of online threats. A key element of the new strategy consists of shifting the cybersecurity burden from individuals, local governments, and small businesses to software developers,…
Goldman Sachs CEO David Solomon stated that asset management and wealth management will be the growth driver of the bank. Solomon said, “The actual story of opportunity for growth for us in the coming years is around asset management and wealth management. Goldman was already the fifth-biggest active asset manager in the world. There is genuine…
AT&T Inc, the second-biggest USA wireless carrier, is seeking a sale of its cybersecurity division, potentially to do away with its acquisition five years ago. The sale of the cybersecurity division would add to a series of divestments AT&T has turned to for paying down its debt. AT&T Inc purchased Time Warner Inc. for $108.7…
