Business in the Middle East was impacted by the conflict, leading to a $400 million cut for Accenture, which was reported by Reuters.
2 reports, 2 independent
Updated Jul 7
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What happened
Business in the Middle East was impacted by the conflict, leading to a $400 million cut for Accenture, which was reported by Reuters.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Middle East tensions and Fed policy drive global market volatilityAlso in this story
- KPMG economist Diane Swonk discusses inflation while the FED debates its next move amid Middle East supply issues.
- Fed rate hike expectations are influencing market sentiment, while the Middle East crisis hopes are driving rallies in Asian chip markets like Seoul and Jakarta.
- Geopolitical flare-ups stemming from the Iran conflict are causing market sell-offs and impacting global market stability, specifically affecting Nasdaq.
- Fed signals regarding interest rates are affecting market movement, with Neel Kashkari serving on the committee.
The entities involved
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Accenture
multinational management consulting, technology services and outsourcing company
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Reuters
international news agency
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Geopolitical conflict and regional instability in West Asia and the Middle East are impacting business operations and revenue targets for companies like Accenture.
- Conflict in the Middle East caused business uncertainty and cost pressures, though ceasefire hopes supported business optimism.
- Middle East conflict is impacting global supply chains and trade.
- Middle East softness impacted Tech & Services revenue for LTM.