The head of the Dutch central Bank Klaas Knot has stated that the markets are underestimating the rate hikes, which are planned by the European Central Bank.
The US online retailer sent out a memo on Wednesday, which ordered firing employees by the end of the day in the United States, Canada and Costa Rica.
Recently interviewed US Federal Reserve policymakers have revealed that despite recent slowdown in inflation, the central bankers want to increase base interest rates.
Microsoft Corporation has announced that it would lay off nearly 10,000 employees and eliminate their positions at the company.
Analysts surveyed by Reuters have revealed that most major US tech companies are expecting abysmal quarterly results and intend to lay off staff, which was increased during the pandemic.
Various media have reported that Microsoft has set out to cut thousands of employee jobs, as various roles in engineering and human resources are set to be eliminated.
A transcript of a testimony of Director of Autopilot for Tesla Ashok Elluswamy has revealed that the Tesla promotion video that has been in use since 2016 does not depict the actual capabilities of the company's developed autopilot.
The US Treasury Secretary Janet Yellen has stated that the United States and China should communicate on economic issues and avoid conflict.
Reuters has revealed that the European Central Bank staff union has been losing faith in the leadership of the central bank, as it fails to battle inflation.
The Bank of Japan revealed this week that it would keep its interest rates ultra-low, despite US Fed and other central banks tightening their policy.
The Chinese fourth quarter gross domestic product had increased by 3.0%, which is the lowest reading in almost fifty years.
The Bank of America survey of global investors has revealed that fund manager allocations into US stocks has plummeted in January, as 39% have revealed that they had underweight positions.
The luxury brand giant LVHM has reached a 400 billion Euro market value, which makes it the most valuable European company.
For a fourth year in a row the sales of Renault have continued to decline, as reported by the company's annual financial report.
The Goldman Sachs Group has revealed that it had missed its quarterly earnings estimates due to a decline in dealmaking and asset management. The bank has reported a 69% decline in quarterly profits.
The Bank of England has revealed that it remains sceptical on the creation of a digital Pound, despite other central banks backing work on digital currencies.
The Edelman Trust Barometer survey has revealed that two in five people expect their welfare to be worse in the future than currently.
The EU antitrust regulators are set to issue an official warning to Microsoft for its $69 billion bid for Activision Blizzard.
Siemens has announced that the company has signed a three billion Euro train supply and maintenance deal with the government of India.
The Finance Minister of Germany Christian Lindner has stated that the ban of commission-based sales in banking and insurance would create a setback for the EU's capital markets.
The Brazilian retailer's Americanas SA Chief Executive Officer and Chief Financial Officer have resigned, as it has been discovered that there are accountancy inconsistencies in the company that amount to $3.88 billion.
Taiwan Semiconductor Manufacturing Company is decreasing its 2023 capital expenditure plans, despite a record fourth quarter of 2022. The company expects a decline in demand.
The Chamber of Commerce and Industries of Germany has revealed that 53% of companies from a total of 22,000 surveyed were reporting employee shortages.
Taiwan Semiconductor Manufacturing Company has posted its fourth quarter financial results. The company has beaten its profit expectations by 78%.