Smoke from wildfires in Canada caused delays and cancellations for flights at New York-area airports and in Philadelphia on Wednesday, with the FAA slowing traffic and briefly halting flight… Read More
Gita Gopinath, first deputy managing director of the International Monetary Fund, has warned that markets are pricing in rate cuts too soon and central banks will have to keep interest rates… Read More
Asia is expected to outperform other global markets due to its economic diversity and strong fundamentals. Japan and South Korea are particularly highlighted as bright spots in the region. T… Read More
Tesla has exceeded delivery estimates in Q2 2023, reporting record global production of 479,000 units and deliveries of 466,140. The increase in deliveries is attributed to price cuts and th… Read More
The World Health Organization (WHO) has announced that a new malaria vaccine has led to a significant reduction in severe malaria and child deaths. The vaccine, known as RTS,S, has been admi… Read More
Saudi Arabia has dismissed any discord with Russia, praising their coordinated efforts to remove barrels from the market and boost oil prices. Riyadh has extended its production reduction of… Read More
A teacher at Shanti International School in Noida, India, has been dismissed after cutting the hair of around a dozen students in a disciplinary action. The incident led to protests by angry… Read More
Residents of Johannesburg, South Africa woke up to rare snowfall on Monday as a cold front hit the city and other high-lying areas. The weather service warned of potential road closures and… Read More
Microsoft has confirmed that it will be cutting more jobs on top of the 10,000 layoffs announced in January. This comes as other technology companies, such as Amazon and Google, have also sc… Read More
Tesla has indicated on its website that the $7,500 federal tax credits for its Model 3 and Model Y electric vehicles are likely to be reduced after December 31. The tax credits, along with p… Read More
Sudan's capital, Khartoum, experienced a communications blackout for several hours on Friday as fighting between the army and paramilitary forces intensified. Witnesses reported violent clas… Read More
South Africa's Economic Freedom Fighters (EFF) party is open to working with opposition parties to remove the ruling African National Congress (ANC) from power in next year's legislative ele… Read More
Elon Musk, the CEO of Tesla and SpaceX, and executive chairman of Twitter, announced that Twitter's cash flow remains negative due to a significant drop in advertising revenue and "heavy deb… Read More
Goldman Sachs revised down the odds of a U.S. recession happening in the next 12 months, cutting the probability down to 20% from 25% on the back of positive economic activity. The investmen… Read More
Prime Minister Justin Trudeau had to cut short an appearance in Belleville, Ontario, after around 100 protesters surrounded him and his motorcade. Trudeau was visiting the city to commemorat… Read More
Tunisia is experiencing scorching heat with temperatures exceeding 50 degrees Celsius, causing power cuts and discomfort for residents. People are staying indoors with air conditioning or se… Read More
According to a new poll by The Associated Press-NORC Center for Public Affairs Research, nearly 7 in 10 U.S. adults believe in angels. The belief in angels is on par with belief in heaven an… Read More
Saudi Arabia's economy slowed in the second quarter, with GDP expanding by 1.1% compared to 3.8% in the previous quarter and 11.2% in the same period last year. The non-oil sector grew by 5… Read More
Telecommunications company Telus has announced plans to cut 6,000 jobs in order to remain competitive. The job cuts will affect 4,000 positions at the main Telus business and 2,000 at Telus… Read More
Oil prices have eased from four-month highs, with Brent futures trading 0.9% lower at $85.44 a barrel and WTI futures dipping 1% to $82.02 per barrel. Despite this, WTI is on track for its t… Read More
The article discusses the extreme heat wave in Phoenix, where temperatures reached 110 degrees Fahrenheit or above for 31 consecutive days, making it the hottest month on record in any U.S… Read More
Veteran economist Jim O'Neill believes that central banks should keep interest rates around 5% for a longer period, even as inflation decreases. Although the US Federal Reserve is expected t… Read More
Tesla has once again reduced prices in China, causing its shares to slide by up to 3%. The company made the announcement on Weibo, stating that two versions of the Model Y will be discounted… Read More
Release: First Cuts 2023 by VA
A stunning Afro House release by: Alberto Dimeo, Mrodriguez, Alex Aguiar, Bretho Rodriguez, Allans Marquez, Buxxta, Esteban Arenas, GAGH, David Moon (CO), MAP… Read More
Chinese EV maker Xpeng expects cost cuts and a partnership with Volkswagen to help narrow its losses, according to an exclusive interview with CNBC. The company reported a larger-than-expect… Read More
China's central bank, the People's Bank of China (PBOC), has cut its one-year loan prime rate by 10 basis points to 3.45%, slightly below expectations. However, the PBOC unexpectedly left it… Read More
China's central bank has cut the prime loan rate and pledged credit support for small and medium-sized businesses amid concerns over the country's slowing economy. The move comes as the econ… Read More
Tesla shares fell by 5% after the company reduced prices on certain models in the US and lowered the cost of its premium driver assistance software. The stock closed at $245.01, but it is st… Read More
Saudi Arabia has extended its voluntary oil production cut of 1 million barrels per day until the end of the year. The cut was first implemented in July and has been extended on a monthly ba… Read More
Saudi Arabia and Russia have announced that they will extend their voluntary oil production cuts through the end of the year, reducing global crude output by 1.3 million barrels and pushing… Read More
At least 296 people have lost their lives after a powerful catastrophic earthquake rocked Morocco on Friday, sending a wind of despair and confusion across the North Africa nation.
According… Read More
U.S. crude oil prices have surpassed $90 a barrel for the first time since November 2022, driven by expectations of a tighter supply. West Texas Intermediate crude (WTI) rose 1.6% to reach a… Read More
Oil prices reached their highest level of the year, with some analysts predicting a return to $100 a barrel before the end of 2024. Brent crude futures traded at $93.29 a barrel on Friday, w… Read More
The streaming model has disrupted the economics of the media industry, leading to financial challenges for Hollywood studios. Legacy media companies like Disney and Warner Bros. Discovery st… Read More
The United Auto Workers have gone on strike against GM, Ford, and Stellantis after failed negotiations, causing repercussions such as plant idling and temporary layoffs. Lime announced its a… Read More
China has decided to keep its benchmark loan rates unchanged for September, signaling a stabilization in the country's economy. The one-year loan prime rate, which affects most household and… Read More
The Republican speaker of the Wisconsin Assembly, Robin Vos, is blocking pay raises for University of Wisconsin employees unless the university cuts diversity, equity, and inclusion spending… Read More
A man, Oro Umaru from Ba’abete Fulani Camp in Kaiama Local Government Area of Kwara State, was presented before a Kwara State Magistrates Court in Ilorin on Thursday for alleged culpab… Read More
UK Finance Minister Jeremy Hunt has ruled out short-term tax cuts, citing concerns over inflation. Hunt stated that the focus is currently on reducing inflation and that tax cuts could only… Read More
French troops have begun to withdraw from Niger, with a convoy of soldiers and equipment leaving the country for an undisclosed location, possibly Chad. The withdrawal was demanded by Niger'… Read More
A new report by the US-based think tank Global Energy Monitor (GEM) predicts that close to a million coal mine jobs, more than a third of the coal mining workforce, could disappear by 2050… Read More
Investors are pressuring Tesla CEO Elon Musk to start spending on major media campaigns as the company's growth in unit sales lags. Shareholders have challenged Musk on this issue at the ann… Read More
Tesla is urging the Biden administration to adopt stricter fuel economy standards than currently proposed, which would give the company an advantage over legacy automakers such as General Mo… Read More
Google has cut dozens of jobs in its news division, with an estimated 40 to 45 workers losing their jobs. The layoffs come at a sensitive time for online platforms and publishers, as the spr… Read More
A storm named Babet has hit northern Europe, causing floods, power outages, and disruptions to transportation. At least four people have died in the storm, with the latest victim being a wom… Read More
Roblox China, a joint venture with Tencent, has laid off a small number of staff in the US and China. The company has been quiet about its operations since it abruptly halted service nearly… Read More
Boeing has announced that it will deliver fewer 737 Max aircraft than previously expected this year due to production flaws on the fuselages. The company now estimates handing over between 3… Read More
The Bank of England is expected to keep interest rates unchanged due to moderating price pressures and weakening economic activity. Recent data shows that UK inflation remains at 6.7% in Sep… Read More
Shell reported a $6.2 billion profit for the third quarter, in line with estimates, thanks to higher oil prices and refining margins. The company also announced a $3.5 billion share buyback… Read More
Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International, has warned investors not to trust the recent stock market rally. He believes that the rally is no… Read More
The United Autoworkers (UAW) has reached tentative agreements with GM, Stellantis, and Ford, ending a six-week strike and securing significant concessions for workers, including record pay r… Read More
Moody's Investors Service has lowered its ratings outlook on the United States government from stable to negative, citing rising risks to the nation's fiscal strength and political polarizat… Read More
A United Nations report has revealed that countries' current plans to reduce carbon emissions would actually result in an 8.8% increase in global emissions by 2030 compared to 2010 levels, f… Read More
Citigroup is set to begin layoffs as part of CEO Jane Fraser's corporate overhaul. Employees affected by the cuts will be informed starting Wednesday, with new dismissals announced daily thr… Read More
A giant Amazon seller now declares an unexpected bankruptcy, part of a restructuring agreement with lenders to slash its debt.
Walpole, Massachusetts-based Thrasio is asking the court to… Read More
Another tech company is now laying off 350 employees to help drive stronger operating leverage and align with “future strategic priorities.”
Bumble announced on Tuesday plans… Read More
This massive bank is now cutting 286 jobs which will take effect before May 3rd according to the latest WARN filings.
The staff cuts, set to take effect before May 3, encompass 239 emplo… Read More
A beloved tech retailer now warns of new layoffs even as the company navigated through a period of consumer electronics demand.
Best Buy warned of another year of softer sales and said it… Read More
This massive US company will now lay off in California, as well as other prominent states such as Ohio and Pennsylvania, sources report.
UPS is laying off employees at facilities in Calif… Read More
Samsung has continued its streak of discounts, with price cuts on the Galaxy Watch 6, Galaxy Buds, and now the Galaxy Tab A9+. Previously priced at $219, the Galaxy Tab A9+ is now available… Read More