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Exclusive: Meta cuts hiring plans and braces for ‘fierce’ headwinds

  • Post published:July 1, 2022
  • Post category:Business
  • Reading time:9 mins read

June 30 (Reuters) - Facebook owner Meta Platforms Inc (META.O) has cut its plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday.…

Continue ReadingExclusive: Meta cuts hiring plans and braces for ‘fierce’ headwinds

Tesla’s record delivery streak could hit the end of the road

  • Post published:July 1, 2022
  • Post category:Business
  • Reading time:8 mins read

Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany March 22, 2022. Patrick Pleul/Pool via REUTERSJoin now for FREE…

Continue ReadingTesla’s record delivery streak could hit the end of the road

Japan’s worst fall in industrial production in two years puts pressure on economy

  • Post published:June 30, 2022
  • Post category:Economy
  • Reading time:7 mins read

Smoke rises from a factory at sunset at the Keihin industrial area in Kawasaki, Japan January 16, 2017. REUTERS/Toru Hanai/Join now for FREE unlimited access to Reuters.comRegisterMay production fell 7.2%…

Continue ReadingJapan’s worst fall in industrial production in two years puts pressure on economy

Ecuador Oriente crude exports suspended, Napo sinks in case of force majeure

  • Post published:June 30, 2022
  • Post category:Economy
  • Reading time:6 mins read

QUITO/HOUSTON, June 29 (Reuters) - Exports of Ecuador's flagship crude oil, Oriente, remain suspended due to a declaration of force majeure as spreading anti-government protests hurt oil production, said Petroecuador…

Continue ReadingEcuador Oriente crude exports suspended, Napo sinks in case of force majeure

China’s factory and service sectors shake off 3 months of lockdown pain

  • Post published:June 30, 2022
  • Post category:Economy
  • Reading time:11 mins read

A worker polishes a bicycle steel rim at a sports equipment manufacturing factory in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS Join now for FREE unlimited…

Continue ReadingChina’s factory and service sectors shake off 3 months of lockdown pain

Norway helps fill Europe’s oil gap as Russian barrels head east

  • Post published:June 29, 2022
  • Post category:Economy
  • Reading time:9 mins read

Johan Sverdrup's oil exports to Europe have tripledMarch-May Exports to China down two-thirdsEU embargo will affect 90% of Russian oil imports by the end of the yearAs Europe turns away,…

Continue ReadingNorway helps fill Europe’s oil gap as Russian barrels head east

US FDA advisers recommend changing composition of COVID vaccine for fall

  • Post published:June 29, 2022
  • Post category:Business
  • Reading time:7 mins read

June 28 (Reuters) - U.S. Food and Drug Administration advisers on Tuesday recommended a change in the design of COVID-19 booster shots this fall to combat more recently circulating variants…

Continue ReadingUS FDA advisers recommend changing composition of COVID vaccine for fall

Fed officials promise rate hikes and fend off recession fears

  • Post published:June 28, 2022
  • Post category:Economy
  • Reading time:7 mins read

June 28 (Reuters) - Federal Reserve policymakers pledged further rapid interest rate hikes on Tuesday to bring down high inflation, but brushed off mounting fears among investors and economists that…

Continue ReadingFed officials promise rate hikes and fend off recession fears

Explained: How a massive options trade by a JP Morgan fund can move the markets

  • Post published:June 28, 2022
  • Post category:Market
  • Reading time:8 mins read

A Wall Street branding sign outside the New York Stock Exchange (NYSE) in New York, where markets crashed after Russia continues to attack Ukraine, in New York, United States, February…

Continue ReadingExplained: How a massive options trade by a JP Morgan fund can move the markets

London luxury property prices rise as Russians lock down

  • Post published:June 28, 2022
  • Post category:Business
  • Reading time:10 mins read

LONDON, June 28 (Reuters) - The war in Ukraine is making it difficult for even unauthorized Russians to sell exclusive residential properties in Britain, adding to a shortage of supply…

Continue ReadingLondon luxury property prices rise as Russians lock down
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