Category Archives:
Microsoft to cut 10,000 jobs as tech layoffs intensify
(Reuters) - Microsoft Corp said on Wednesday it would cut 10,000 jobs by the end of the third quarter of fiscal 2023, the latest sign that layoffs were accelerating in the U.S. technology sector as co...
Jan 18, 2023
U.S. producer prices fall more than expected in December
WASHINGTON (Reuters) - U.S. producer prices fell more than expected in December as the costs of energy products and food declined, offering more evidence that inflation was receding. The producer pric...
Jan 18, 2023
OECD sees revenue gains from new tax pact reaching $250 billion
PARIS (Reuters) - New cross-border corporate tax rules could yield about a quarter of a trillion dollars in extra revenue for governments, more than previously expected, the Organisation for Economic ...
Jan 18, 2023
Fintech Pagaya to lay off 20% of employees
(Reuters) - Financial technology firm Pagaya Technologies Ltd said on Wednesday it was laying off nearly 20% of its employees across its offices in the United States and Israel. Fintech startups have ...
Jan 18, 2023
Spotify joins media firms to urge EU action against Apple’s ‘unfair’ practices
(Reuters) - Music streaming service Spotify Technology, along with other media firms such as Deezer, urged the European Commission to take action against Apple Inc for anticompetitive and unfair pract...
Jan 18, 2023
Shell unit to acquire EV charging firm Volta for about $169 million
(Reuters) - Volta Inc said on Wednesday that a Shell Plc subsidiary would take over the electric vehicle (EV) charging network operator in an all-cash deal valued at about $169 million. Shell USA Inc ...
Jan 18, 2023
U.S. retail sales drop more than expected in December
WASHINGTON (Reuters) - U.S. retail sales fell more than expected in December, pulled down by a decline in motor vehicle purchases and a range of other goods, putting consumer spending and the overall ...
Jan 18, 2023
Davos 2023: UBS head says regulators’ ‘eyes off the ball’ on non-banks
LONDON (Reuters) - UBS Chairman Colm Kelleher said traditional finance firms were "systemically safe" after years of increased regulation, but guardians of global financial markets had further to go t...
Jan 18, 2023
China to launch state-backed transport platform for ride-hailing, trucking
HONG KONG (Reuters) - China will soon launch a state-backed platform for transport which includes services of ride-hailing, cargo trucking, road transport, railway, ferry and flight services, Chinese ...
Jan 18, 2023
Actress Zar Amir Ebrahimi channelled own experience of Iran in thriller ‘Holy Spider’
By Marie-Louise Gumuchian LONDON (Reuters) - Iranian actress Zar Amir Ebrahimi, who fled her home country in 2008 in fear after a private video was leaked, says she channelled her own experience in th...
Jan 18, 2023
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