Dollar eases as investors price out 'Armageddon recession' risk
The dollar eased on Thursday as investors scooped up higher-risk currencies after a run of strong U.S.
Dollar slips as inflation in focus, Ueda nominated as BOJ governor
The dollar was broadly lower on Tuesday ahead of a keenly anticipated inflation report, while the yen strengthened as surprise pick Kazuo Ueda was nominated to be the next governor of Bank of Japan.
Ford to cut 3,800 jobs in Europe, mostly Germany, UK
US automaker Ford said Tuesday it would cut 3,800 jobs in Europe, mostly in Britain and Germany, as competition in the electric car sector intensifies.
Layoffs strip away tech worker visas along with jobs
According to Eshoo and Lofgren, foreign-born workers make up nearly a quarter of the US science and tech workforce.
US stocks fall again as British pound advances
UK inflation slowed to 10.5 percent in December -- still around 40-year highs and more than five times the BoE's official target level of two percent.
Volvo braces for challenges in 2023 after quarterly profit falls
Volvo Cars said on Thursday 2023 was likely to be another challenging year, despite healthy demand for its vehicles, as the Swedish carmaker reported a fall in quarterly profit.
Wall St rises on robust earnings, Disney hits five-month high
U.S. main stock indexes rose on Thursday with Disney and Salesforce boosting the blue-chip Dow index, while data showing a rise in weekly jobless claims helped ease concerns about the Federal Reserve's rate-hike path.
Disney lays off 7,000 as streaming subscribers decline
Disney is also going to look at the volume of content it makes and the pricing of its streaming services.
Video conferencing star Zoom cuts staff by 15 percent
Zoom Video Communications chief executive Eric Yuan is also taking a 98 percent cut in salary this year.
Asia shares slip, dollar up as U.S. rate outlook shifts
Asian shares eased on Monday after a run of upbeat economic data from the United States and globally lessened the risk of recession, but also suggested interest rates would have to rise further and stay up for longer.
Former UK PM Truss criticises Sunak policies as pressure builds
Truss came to power in September, immediately implementing a radical tax-slashing agenda.
Google, Apple disappoint as tech earnings hit by gloom
Apple is the only tech giant that has yet to announce major layoffs in recent weeks.
FedEx to cut senior jobs as part of larger staff reduction
FedEx Corp on Wednesday said it would cut its officer and director ranks by more than 10% as part of a broad cost-reduction effort that has reduced staffing at the delivery giant by 12,000 workers since June, a spokeswoman said.
Nomura's Q3 profit grows despite investment banking slump
Nomura Holdings Inc, Japan's biggest brokerage and investment bank, reported an 11% rise in quarterly net profit on Wednesday, as a partial stake sale in an affiliate offset a slump in investment banking.
Philips to cut 13% of jobs in safety and profitability drive
Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the safety of its products following a recall of respiratory devices that knocked off 70% of its market value.
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.
Ford job cuts plan triggers union threat of Europe-wide disruption
German union IG Metall warned Ford on Monday that it would take measures impacting production across Europe if the company did not reverse plans to cut thousands of jobs in development in Germany and divert capacity to the United States.
Spotify to cut some 600 staff as tech woes spread
Swedish music streaming giant Spotify said Monday it was cutting six percent of its roughly 10,000 employees in the latest cost-cutting announcement among technology companies.
US media rocked by layoffs amid economic gloom
Newsroom employment has seen a steady decline in the United States, falling from 114,000 to 85,000 journalists between 2008 and 2020.
Google announces 12,000 job cuts
Google's parent company Alphabet announced about 12,000 job cuts globally on Friday citing a changing "economic reality", becoming the latest US tech giant to enact large-scale restructuring.
UK curbs energy bill support for businesses
The Energy Bill Relief Scheme offers help for businesses, the public sector and charity organisations.
U.S. labor market strong at end of 2022; trade gap narrows sharply
The number of Americans filing new claims for jobless benefits dropped to a three-month low last week while layoffs fell 43% in December, pointing to a still-tight labor market that could force the Federal Reserve to keep hiking interest rates.
Big tech layoffs may further disrupt equity and diversity efforts
2023 is shaping up as a challenging year to be a woman or minority working in the tech sector, or even a person with one too many years under their belt.
Stocks stall as firm Fed reins in China rally
Wall Street was set to tap the brakes on Thursday as upbeat jobs data after a firm message from the Fed that it won't be cutting interest rates any time soon offset China's latest reopening plans.
Twitter outages hit thousands of users worldwide
Twitter users around the world reported errors accessing it for several hours, web monitors said Wednesday, in one of the biggest outages since Elon Musk bought the platform.
Sweden's H&M first big European retailer to cut jobs as inflation hits demand
Swedish fashion giant H&M on Wednesday became the first big European retailer to start layoffs by announcing 1,500 job cuts owing to softening demand as consumers cope with soaring inflation.
Twitter job cuts a concern as new EU rules kick in, EU justice head says
Twitter's decision to shut down its Brussels office and the laying off of thousands of employees are drawing concerns on whether the company can comply with new tough European Union rules against illegal online content.
Credit Suisse trims 8 jobs in Southeast Asia, part of regional cuts-sources
Credit Suisse has cut eight jobs in its Southeast Asia investment banking and capital markets team, two sources familiar with the matter said, just weeks after the Swiss bank announced a major global restructuring plan.
Latest London Underground strike paralyses network
Millions of Londoners faced travel misery on Thursday as another strike by Underground staff shut down most of the network, including almost all lines and city centre stations.
Transit strikes snarl London, Paris as workers seek raises
Commuters in London and Paris scrambled for alternatives Thursday -- or simply stayed home -- as public transport workers went on strike for higher pay, the latest industrial action seeking relief from soaring prices in Europe.