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A man stands near an IBM logo at the Mobile World Congress in Barcelona

IBM cuts 3,900 jobs, misses annual cash target

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.
Bank of England rises intrest rate to 1.75% as inflation hits 13%

Pound faces mid-Atlantic as markets eye BoE blink

Whatever new year fillip the euro zone economy got from ebbing natural gas prices, the UK saw none of it - showing just how peculiarly British the downturn there has become and heaping pressure on the Bank of England.
People walk past the main entrance of the Sri Lanka's Central Bank in Colombo, Sri Lanka

Sri Lanka c.bank holds rates as it awaits crucial IMF deal

Sri Lanka's central bank held interest rates steady for a third straight meeting on Wednesday, as widely expected, saying the prevailing tight monetary stance is crucial to taming still-high inflation and restoring economic stability.