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.

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.

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.

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.

US central bankers are expected to keep their inflation fight in high gear this week.

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.

The United States’ Westinghouse Electric Company will build Poland’s first nuclear power plant.