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IBM cuts 3,900 jobs, misses annual cash target

A man stands near an IBM logo at the Mobile World Congress in Barcelona
IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter.
An Easyjet Airbus aircraft taxis close to the northern runway at Gatwick Airport in Crawley

EasyJet sees return to profit, strong bookings for 2023

EasyJet (EZJ.L) on Wednesday said it expected to beat current market expectations for 2023 based on the strength of bookings into summer and was set to deliver a return to full-year profit as the sector recovers from pandemic restrictions.
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British PM Sunak leaves Downing Street for the Houses of Parliament in London

UK employers urge Sunak to act urgently on growth reforms

Britain is lagging its peers in the race to spur economic growth and Prime Minister Rishi Sunak must act now to boost green investment, fix a lack of workers and avoid chaos over post-Brexit rules, the head of an employers group said on Monday.
Illustration shows U.S. Dollar and Euro banknotes

Euro nears nine-month peak as ECB hawks let fly

The dollar was staring at a fourth straight session of losses against the euro on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve.