Economy
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General Motors has announced that it will lay off 500 salaried employees as part of its ongoing restructuring efforts
General Motors is implementing a cost-cutting strategy by reducing its salaried workforce, a move that is in line with similar…
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British supermarkets are rationing some fresh produce due to supply chain problems causing shortages.
Supermarkets in the UK are facing shortages of certain vegetables like tomatoes, peppers, cucumbers, and lettuce, leading to the implementation…
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Fed’s Mester has expressed optimism that the current inflationary pressures can be resolved without a recession.
Cleveland Federal Reserve President Loretta Mester believes that in order to bring inflation levels back to acceptable rates, interest rates…
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Surprise decline in unemployment benefits applications in the USA
Unemployment claims in the US fell to a four-week low, contrary to expectations, to 192 thousand, pointing to the strength…
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Used home sales continue to decline in the US
Second-hand home sales in the US fell 0.7 percent month-on-month in January, the lowest level since 2010. @gettyımages National Association…
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US household debt reaches $16.9 trillion
In the last quarter of 2022, household debt in the USA increased by 2.4 percent compared to the previous quarter…
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The U.K. inflation rate fell for the third month in a row in January to hit 10.1%, below economists’ expectations
Inflation in the UK slowed down more than expected in January due to the fall in fuel prices.
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Ford to lay off 3,800 jobs in Europe
As part of its plan to return to electric cars, the US automaker Ford will lay off about 3,800 people…
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Fed Executive Waller warns against cryptocurrencies
Christopher Waller, Member of the Board of the US Federal Reserve (Fed), warned that those who own cryptocurrencies could lose…
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The US budget ran a $39 billion deficit in January 2023
The US federal government’s budget deficit was $39 billion in January as revenues fell and spending increased. The US budget…
