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ECONOMY11 DAYS AGO
Amazon plans to lay off 10,000 employees, its largest job cuts ever
Amazon has unveiled plans to lay off 10 thousand employees in corporate and technology jobs amid a “worsening macroeconomic environment”, as inflation in the United States is at a 40 year record high.
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ECONOMY13 DAYS AGO
US Treasury chief warns of need to lift debt ceiling
The US Treasury chief warns that lawmakers' failure to raise the statutory limit on US debt poses a ‘huge threat’ to the nation's economy.
US
ECONOMY19 DAYS AGO
Facebook parent Meta preparing large-scale layoffs this week: Report
Meta Platforms Inc (META.O) is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter.
Meta
ECONOMY21 DAYS AGO
Twitter mass layoffs begin as Musk launches overhaul
Thousands of Twitter employees were ordered to stay home Friday to await a bracing round of layoffs that could see half of the payroll axed as new owner Elon Musk launches his major overhaul of the company.
California
ECONOMY25 DAYS AGO
Fed to deliver another big rate hike to tame US inflation
US central bankers are expected to keep their inflation fight in high gear this week.
ECONOMY27 DAYS AGO
US Fed set for further steep rate hike as recession fears loom
The US Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week as it battles surging costs, with its aggressive stance fueling expectations of a recession.
Washington
ECONOMY27 DAYS AGO
US to build Poland’s first nuclear power plant
The United States’ Westinghouse Electric Company will build Poland’s first nuclear power plant.
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