Afraid of a worsening in the economic scenario for the coming months, the confidence of micro and small companies in Brazil fell by 0.8 points in October, compared to the previous month, and reached 96.7 points. The data are part of the survey “Survey of Micro and Small Companies”, carried out by Sebrae and by […]
Amazon confirms it has initiated mass layoff proceedings
Amazon confirmed on Wednesday that layoffs had begun at the company, two days after several retail outlets reported that the e-commerce giant planned to lay off around 10,000 employees this week. The initial cuts at Amazon will affect roles on the devices and services team, according to a memo shared publicly by Dave Limp, senior […]
Elon Musk says he will find a new leader for Twitter
Elon Musk said on Wednesday that he hopes to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he expects to complete an organizational restructuring this week. Musk made the remarks while testifying in a Delaware courtroom to defend against allegations that his $56 billion […]
Value of R$ 175 billion is maintained, but it depends on Congress, says Lula’s economist
The elected government will maintain the proposal for an increase of R$ 175 billion on the Budget forecast for 2023, to be included in the Transition PEC, in debate between congressmen and the transition team of Luiz Inácio Lula da Silva. The final amount to be approved, however, will depend on what Congress allows. The […]
European stock markets close lower, with geopolitics and economic uncertainties
Stock markets in Europe ended this Wednesday’s session (16) in decline, amid economic and geopolitical uncertainties that promoted a global movement of risk aversion. Speeches by central bankers and other officials were closely monitored by the market. In Frankfurt, the DAX index fell 1.00%, at 14234.03 points; Paris’ CAC 40 dropped 0.52% to 6607.22 points; […]
FTX crash is similar to Bernie Madoff scandal, says former regulator
In just three years, Sam Bankman-Fried has turned FTX into a giant cryptocurrency exchange, backed by high-profile investors and valued at $32 billion. But it only took days for everything to implode into a full-scale bankruptcy filing. Sheila Bair, one of the main regulators who acted during the 2008 financial crisis, told CNN that there […]
Musk needed capital for space travel, says Tesla chief
Elon Musk said he needed to receive what amounted to the largest compensation package in history so that he could fuel his goals around “interplanetary travel”, Tesla chairman Robyn Denholm testified on Tuesday. Denholm’s speech came as part of the week-long trial in the Delaware Court of Chancery in Wilmington examining Musk’s 2018 Tesla compensation […]
Industry creates solutions to decarbonize the economy, says CNI president
Brazilian industry has played an important role in the decarbonization of the economy, said Robson Braga de Andrade, president of the National Confederation of Industry (CNI), at the opening of Brazilian Industry Day, this Wednesday (16). The event took place during the 27th United Nations Conference on Climate Change (COP27), in Egypt. “In addition to […]
After generating 430 thousand new jobs, civil construction should grow 4.5% in 2023, says study
The civil construction sector registered more than 430 thousand new vacancies with a formal contract between March 2020 and May 2022, according to a survey by the Brazilian Chamber of Construction Industry (CBIC). Based on these data, Prospecta Analytica, a Big Data solution company, carried out a survey that showed the expansion of the sector […]
BC of China to intensify monetary policy and boost economy
China will step up implementation of its prudent monetary policy and stabilize employment and prices in an effort to consolidate and improve the economy’s upward trend amid growing downside risks to the global economy, its central bank said on Wednesday. . Beijing will maintain ample liquidity, guide commercial banks to expand medium- and long-term lending, […]