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Economy
Microsoft to shed 10,000 jobs as recession worries cloud tech sector
DAVOS, Switzerland, Jan 18 (Reuters) - Microsoft Corp (MSFT.O) on Wednesday said it would eliminate 10,000 jobs and take a $1.2-billion charge, as its cloud-computing customers reassess their spending and the company braces for potential recession.The layoff, far larger than cuts by Microsoft last year, pile on to tens of thousands of job cuts…
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Treasury yields fall as traders assess data, Fed outlook
U.S. Treasury yields were lower on Wednesday as uncertainty around the outlook for monetary policy and the…
Weakening rupee raises fears about economy – Business
KARACHI: As the rupee continues to weaken faster than market expectations, doubts and fears are mounting over…
3 things to know about the debt-ceiling farce
The most tiresome issue in American politics is back, thanks to Republicans who regained control of the House of…
Wealth taxes: State lawmakers plan to introduce bills to tax the rich
Comment on this storyCommentLeft-leaning proponents of taxing the assets held by America’s billionaires have a…
China’s 2022 economic growth one of the worst on record, post-pandemic…
China Q4 GDP growth slows; 2022 growth one of worst on record2022 GDP grows 3.0%, far below official targetDec…
Musk rips ‘Satanic’ ESG as World Economic Forum meets and discusses…
DPCM Capital Chairman Emil Michael discusses the 'Fauci Files' ahead of its release, Elon Musk's 'end goal'!-->-->…
Global recession likely, say 63% of chief economists in WEF survey
Thirty-two percent said one was "extremely" or "somewhat" unlikely.Outlooks for economic growth varied by!-->>…
China’s reopening overwhelmingly positive to tackle inflation
OECD Secretary-General Mathias Cormann on Monday said China's reopening is "overwhelmingly positive" in the…
Tesla under fire in Germany over union concerns on working hours, contracts
BERLIN, Jan 16 (Reuters) - Tesla (TSLA.O) has come under fire from German union IG Metall and politicians over…