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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

The S&P 500 closes the book on its biggest first-half plunge since 1970

  • Post published:June 30, 2022
  • Post category:Business
  • Reading time:8 mins read

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 22, 2022. REUTERS/Brendan McDermidJoin now for FREE unlimited access to Reuters.comRegisterNEW YORK,…

Continue ReadingThe S&P 500 closes the book on its biggest first-half plunge since 1970

UK balance of payments gap hits record high, ONS urges caution over data

  • Post published:June 30, 2022
  • Post category:Economy
  • Reading time:9 mins read

A general view is seen over the London skyline from Canary Wharf in London, Britain October 19, 2016. REUTERS/Hannah McKayJoin now for FREE unlimited access to Reuters.comRegisterUK balance of payments…

Continue ReadingUK balance of payments gap hits record high, ONS urges caution over data

BOJ PR crisis forces rethink on inflation messaging

  • Post published:June 30, 2022
  • Post category:Economy
  • Reading time:15 mins read

TOKYO, June 30 (Reuters) - Japan's central bank has descended into a rare public relations storm that has taken the debate over its ultra-low interest rates out of sterile boardrooms…

Continue ReadingBOJ PR crisis forces rethink on inflation messaging

Factbox: Ambani children at center of leadership change at India’s Reliance

  • Post published:June 30, 2022
  • Post category:Business
  • Reading time:8 mins read

(L-R) Radhika Merchant, Anant Ambani, Nita Ambani, Akash Ambani, Isha Piramal, Anand Piramal and Mukesh Ambani, the Chairman of Reliance Industries, pose during a photocall during Akash's wedding ceremony, at…

Continue ReadingFactbox: Ambani children at center of leadership change at India’s Reliance

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

Saudi Arabia could raise August crude prices to Asia to near record highs

  • Post published:June 30, 2022
  • Post category:Economy
  • Reading time:8 mins read

A general view of Aramco oil tanks and pipes at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File PhotoJoin now for…

Continue ReadingSaudi Arabia could raise August crude prices to Asia to near record highs

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
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