Dutch electronics giant Philips to cut 6,000 jobs worldwide
Philips, the Dutch home appliance and medical device maker, said on Monday it will cut 6,000 jobs worldwide over the next two years, while also […]
BUSINESS
BUSINESS: Japan
Economy Unexpectedly Negative Growth Due to Weak Yen
The Japanese economy unexpectedly contracted for the first time in a year as rising prices directly hit growth in consumer spending. Gross domestic product (GDP) […]
BUSINESS: Credit Suisse cuts 9,000 jobs to stem losses
Credit Suisse is laying off thousands of jobs and restructuring its business to stem heavy losses and investor fears. The bank said it would take […]
BUSINESS: Nissan recalls over 200,000 pickups over rollover risk
Nissan Motor will recall more than 203,000 pickup trucks in the US. The reason is that there is a possibility that the vehicle may roll […]
BUSINESS: Yen falls to 24-year low against dollar
The Japanese yen fell to its lowest level since August 1998 against the dollar, prompting the government to consider taking action. The dollar rose on […]
BUSINESS: Asian stocks fell on fears of US interest rates
Asian stocks plunged as the US central bank governor said he would continue to raise interest rates to combat rising inflation. Jerome Powell has warned […]
BUSINESS: Ford lays off about 3,000 people
Ford Motor Co. will cut about 3,000 white-collar workers to cut costs and shift from internal combustion engine vehicles to electric vehicles. The Dearborn, Michigan-based […]
BUSINESS: American Airlines buys 20 supersonic jets to transport passengers around the world in half an hour
American Airlines said Tuesday it has ordered 20 supersonic jets that can carry passengers at twice the speed of today’s fastest commercial airliners. American became […]
BUSINESS: Saudi Oil major Aramco breaks personal record with quarterly profit of $48.4 billion
Saudi Arabian oil giant Aramco broke its own record with a profit of $48.4 billion in the second quarter of 2022. That was a 90% year-on-year […]
BUSINESS: U.S. inflation eases in July as gasoline prices fall
U.S. energy prices continued to surge last month, but lower gas prices moderated the pace. Annual inflation, the rate of increase in prices, hit 8.5% in […]
