Alibaba’s Cloud Arm to Cut 7% of Staff in Overhaul, Sources Say
Alibaba Group Holding Ltd.’s cloud division has begun a round of job cuts that could reduce its staff
2023-05-23 19:23
IMF Says UK Economy Will Grow Faster Than Germany This Year
The UK economy will grow faster than Germany this year and avoid a recession, the International Monetary Fund
2023-05-23 17:50
Ukraine Can’t Win War Against Russia, Hungarian Premier Says
Ukraine can’t win the war against Russia, Prime Minister Viktor Orban said. With NATO not ready to send
2023-05-23 17:23
Fed Rate Path Hinges on Trade-Off Between Stable Banks or Prices
Federal Reserve policymakers are increasingly grappling with a critical question: How much should they weigh the adverse impact
2023-05-23 17:16
UK Service Firms Report Fastest Rise in Costs in Three Months
Britain’s service-sector companies reported the fastest increase in cost pressures in three months, the latest sign that the
2023-05-23 16:55
Euro-Zone Factories Flounder With Activity Shrinking at Fastest Pace Since Pandemic
Euro-zone manufacturing activity shrank this month at the fastest pace since the pandemic shuttered factories three years ago,
2023-05-23 16:24
Russia Says Forces Still Clearing Out Incursion From Ukraine
Russia said its security forces are continuing what it described as an “anti-terrorist” operation for a second day
2023-05-23 16:21
Saudi Energy Minister Tells Oil Speculators to ‘Watch Out’
Saudi Arabia’s top energy official issued another warning to oil short-sellers, just over a week before the OPEC+
2023-05-23 16:18
French Economic Growth Slows in May as Services Lose Momentum
The French economy grew at the slowest pace in four months in May as the services sector lost
2023-05-23 15:58
German Economy Keeps Growing Despite Deepening Factory Downturn
Germany’s economic activity accelerated in May thanks to better performance in the services sector that outweighed ongoing weakness
2023-05-23 15:54
UK Speeding-Ticket Row Shows Sunak’s Hard Road to Election
Rishi Sunak pledged to restore integrity and professionalism to his Conservative government when he took office in October.
2023-05-23 15:29
Egypt Races to Solve Currency Dilemma in Hunt for Gulf, IMF Cash
What comes first, another currency devaluation or a wave of Gulf investment? Cash-strapped Egypt is racing to resolve
2023-05-23 15:19