Business News
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Tesla lowers prices by up to 20% to increase demand.
To increase customer demand, Tesla has reduced the price of some of its most popular electric vehicles by thousands of ...
World Cup-driven November growth raises concerns about recession.
Director of economic statistics at the Office for National Statistics (ONS), Darren Morgan, stated, “The economy increased somewhat in November, ...
UK economy outperforms in November
The UK economy surprisingly expanded in November, aided by the World Cup, according to official data. Despite households being squeezed ...
FTX: Collapsed crypto behemoth recovers $5bn.
A lawyer for the defunct cryptocurrency exchange FTX believes that more than $5 billion (£4.1 billion) in assets have been ...
Tesco CEO predicts food inflation as big retailers report Christmas advances.
Asos and Halfords are among the retailers who experienced a difficult holiday season due to a decline in discretionary spending, ...
Liberty Steel blames “unviable” market as restructuring threatens hundreds of jobs.
Instead of laying off employees, the corporation proposes to retain them, but under new conditions. Liberty Steel UK has put ...
Goldman Sachs cuts 3200 positions, including UK personnel, to decrease costs.
Employees of the international financial services corporation based in the United States await their fate as the investment bank launches ...
World Bank warns of global recession
The world economy is perilously close to entering a recession, according to the World Bank’s most recent projection. It predicts ...
Unions say pay settlements to avoid rail strikes are “far way off.”
If more national strikes are to be prevented, according to union officials, there is still plenty to negotiate. Mick Lynch, ...
Cost of living: Uniqlo will increase Japanese wages by 40%.
The owner of the Japanese fashion brand Uniqlo has announced a wage increase of up to 40 percent for employees ...
Goldman Sachs begins major layoffs.
In response to decreasing profitability, investment behemoth Goldman Sachs has initiated a large round of layoffs across the globe. The ...
Consumer expenditure numbers confirm the UK’s recession.
The value of December spending fell short of the pace of inflation, according to two highly followed surveys on the ...