Microsoft to cut thousands of jobs across all of its divisions – reports

Microsoft to cut thousands of jobs across all of its divisions – reports

Jan 17 (Reuters) – Microsoft Corp (MSFT.O) plans to cut thousands of jobs and some positions are expected to be cut in the human resources and engineering divisions, media reports said on Tuesday. The expected layoffs would be the latest in the US tech sector, where companies like Amazon.com Inc (AMZN.O) and Meta Platforms Inc … Read more

Iran executes British-Iranian national, UK condemns ‘barbaric’ act

Iran executes British-Iranian national, UK condemns ‘barbaric’ act

Alireza Akbari was a former Iranian Deputy Defense Minister Arrested in 2019, he is accused of spying for Britain UK’s Sunak calls it ‘an insensitive and cowardly act’ Britain had said Iran should not follow through on his sentence DUBAI/LONDON, Jan 14 (Reuters) – Iran has executed a British-Iranian national who was once its deputy … Read more

China’s COVID peak will last two to three months, then hit rural areas

China’s COVID peak will last two to three months, then hit rural areas

Peak of the COVID wave observed for 2 to 3 months – epidemiologist Older people in rural areas particularly at risk People’s mobility indicators are picking up, but not yet fully recovering BEIJING, Jan 13 (Reuters) – The peak of the COVID-19 wave in China is expected to last two to three months and will … Read more

TSMC cuts investment in 2023 after record fourth quarter as chip demand weakens

TSMC cuts investment in 2023 after record fourth quarter as chip demand weakens

Q4 profit of T$295.9 billion vs. T$289.44 billion, analysts say Fourth-quarter revenue up 26.7% year-on-year to $19.93 billion Sees 2023 investments at $32-36 billion from $36.3 billion the previous year The company plans to increase its production abroad TAIPEI, Jan 12 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) warned on Thursday that first-quarter revenue would fall … Read more

Chinese worry about elderly as WHO warns of COVID outbreak over holiday

Chinese worry about elderly as WHO warns of COVID outbreak over holiday

Two billion trips expected for Lunar New Year The virus is spreading from cities to vulnerable villages WHO says China’s response challenged by lack of data China’s grand reopening spoiled by Japan and Korea spat BEIJING, Jan 12 (Reuters) – People in China on Thursday worried about the spread of COVID-19 to elderly relatives as … Read more

Bed Bath & Beyond surges for day three of meme stock rally

Bed Bath & Beyond surges for day three of meme stock rally

Jan 11 (Reuters) – Shares of Bed Bath & Beyond (BBBY.O) surged on Wednesday as individual investors crowded in, extending the stock’s rebound from the multi-decade lows hit last week and reigniting a rally in other meme actions. Among the top three companies listed on Fidelity’s retail platform, Bed Bath & Beyond jumped 69% during … Read more

Wall St jumps on optimism ahead of key inflation report

Wall St jumps on optimism ahead of key inflation report

CPI report expected on Thursday before the bell Bed, Bath & Beyond Extends Recent Gains NEW YORK, Jan 11 (Reuters) – U.S. stocks closed with strong gains on Wednesday, led by a jump in the Nasdaq as investors were bullish ahead of an inflation report that could give the Federal Reserve some leeway to reverse … Read more

Biden’s climate agenda has a problem: Not enough workers

Biden’s climate agenda has a problem: Not enough workers

Jan 11 (Reuters) – U.S. clean energy companies are offering better wages and benefits, bringing in trainers from abroad and considering ideas such as buying roofs and electrical repair shops just to hire their workers as companies try to overcome a labor shortage that threatens to derail President Joe Biden’s climate change agenda. The Cut … Read more