BUSINESS

This week’s IMS Ibiza summit is taking place alongside the release of its annual IMS Business Report. The report claims that this sector grew by 17% in 2023 to reach $11.8bn. Festivals and clubs are still nearly half of the industry total.
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1 year ago Read more at Music Ally

In 2024, local companies are navigating a new reality where keeping pace with technological disruption and innovation is critical to business success. According to HubSpot’s research, eight in ten (81 per cent) Singapore companies said they’ve evolved more in the past four years than the previous two decades – the highest level of disruption across all countries surveyed. In line with strong local adoption of AI, Service Hub features over a dozen AI-powered tools, including: GPT-powered Chatbot* for 24/7 support, free
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1 year ago Read more at Wire19

Business Process Management Market size reached USD 17.3 billion in 2023. It is anticipated to reach USD 72.9 billion by 2031, registering a CAGR of 19.7% during the forecast period 2024-2031. Businesses are increasingly seeking to automate repetitive tasks to improve efficiency and productivity. By streamlining processes and optimizing workflows, businesses can respond quickly to new opportunities and challenges. This leads to increased efficiency and reduced operational costs.
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1 year ago Read more at StreetInsider.com

The European Parliament has closed the last plenary session of its 9th term. ADVERTISEMENT Lawmakers will now head back to their native countries to prepare for the elections in June. It is fair to say that Ursula von der Leyen came out of the blue, as she had been serving in the federal government of Chancellor Angela Markel holding several portfolios.
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1 year ago Read more at Euronews

Anthony Ambrose, a junior majoring in business administration at the Gabelli School of Business, spent his break trying to see how many times he could get rejected. As part of a course called Innovation and Resilience, ambrose visited numerous places around his hometown of Moorestown, New Jersey, with the goal of hearing the word no at least 10 times.
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1 year ago Read more at Fordham News

The U.S. economy slowed last quarter, growing at an annual rate of 1.6%. Consumers continued to drive growth in the January-March quarter. But prices remain well above their pre-pandemic levels.
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1 year ago Read more at Castanet.net

Cash burn for the quarter through March rose 57% to $387 million, above analysts' estimates of $361 million, according to LSEG data. Montreal-based Bombardier is ramping up production this year of its super mid-sized Challenger jets which seat about 10.
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1 year ago Read more at Yahoo Canada Finance

Bombardier BBD-B-T reported a higher-than-expected cash burn in the first quarter on Thursday. Cash burn for the quarter through March rose 57 per cent to $387-million, above analysts’ estimates of $361-million. Canadian plane maker is facing pressure from rival General Dynamics’ Gulfstream.
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1 year ago Read more at The Globe and Mail

Ontario’s long-term business confidence level for the next 12 months dropped 6.7 points since March to 49.2 according to the latest Canadian Federation of Independent Business (CFIB) Business Barometer® index. This score places Ontario in a tie with Quebec for the third lowest long term business confidence levels in the country after Saskatchewan and New Brunswick.
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1 year ago Read more at Canadian Federation of Independent Business

More than 540 luxury brands are owed a total of £35.9 million from the luxury retailer. If they do, repayments are expected to amount to less than a penny back for every pound owed, a report by Teneo Financial Advisory reveals. The brands owed the most following its collapse are Toteme (£945,132), Gabriela Hearst (£780,042), Gucci (£553,339), Burberry (£467,526) and
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1 year ago Read more at Vogue Business