PayPal lays off workforce

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The financial payments company PayPal has revealed that it would lay off nearly 2,000 employees. The company is one of the many among the recent string of layoffs. Recently, the stock markets for an unknown reason have reacted positively to any major firing.
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Wed, 01 Feb 2023 22:47:42 GMT

US Federal Reserve hikes Federal Funds Rate

The United States Federal Reserve Federal Open Market Committee has hiked the US Federal Funds Rate from 4.50% up to 4.75%. The market consensus was that the US Fed would hike the base interest rate by 0.25%.

Thu, 02 Feb 2023 10:30:05 GMT

Asian economy fails to recover

Despite the Chinese government lifting Covid restrictions, data reveals that the supposed Asian economic reopening has been lagging, as the Caixin PMI, Japanese and South Korean manufacturing activity indices have declined.

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