Microsoft could announce thousands of job cuts on Wednesday, according to multiple news reports, potentially becoming the latest tech company to cut its workforce as the global economy slows. Sky News, without citing sources, reported that the layoffs would affect around 5% of the company’s workforce. Microsoft employs 221,000 people worldwide, including 122,000 in the […]
Suzanne
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.
FTX Says $415 Million in Cryptocurrency Was Stolen
Bankruptcy cryptocurrency exchange FTX said in a report to creditors on Tuesday that about $415 million in digital currencies was stolen in digital attacks on its systems. FTX said it recovered more than $5 billion in cryptocurrencies, cash and liquid securities, but that significant deficits remained in its US and international digital currency operations. The […]
Argentina will buy back US$1 billion in foreign debt, says economy minister
Argentina will buy back foreign bonds equivalent to more than US$1 billion to improve the country’s debt profile and help access the capital market, Economy Minister Sergio Massa said on Wednesday (18). The measure will focus on sovereign bonds maturing in 2029 and 2030, added the minister, with the program set to start immediately, as […]
Unigel will invest up to US$ 1.5 billion in Bahia for the production of “green hydrogen”
The Brazilian chemical industry Unigel announced this Wednesday (18) that it will invest up to US$ 1.5 billion in its complex in Bahia for the production of the so-called “green hydrogen”, the first installation in the country for the product on an industrial scale. Located in Camaçari (BA), the factory should have the first of […]
Agribusiness exports close 2022 with a 32% increase in revenue, at US$ 159 billion
Agribusiness exports totaled US$ 159.09 billion in 2022, 32% above the previous year. The performance, according to the Secretariat of Trade and International Relations (SCRI) of the Ministry of Agriculture and Livestock, in a note, is due to higher international prices of agricultural commodities. “The price index of products exported by agribusiness increased by 22.1% […]
Inflation fight and ECB rate guidance hold, says Villeroy in Davos
The European Central Bank has yet to win its fight against high inflation, so its guidance for big interest rate hikes in the coming months remains valid, French central bank governor Francois Villeroy de Galhau said on Wednesday. The ECB has raised rates by 2.5 percentage points since July and signaled a 50 basis point […]
Tax reform will help end “fiscal war”, assesses expert
Finance Minister Fernando Haddad and the federal government as a whole have signaled that tax reform will be a priority in this first half. For the economist and tax lawyer Eduardo Fleury, the proposal by Bernard Appy – the government’s special secretary for tax reform – is mature. “From a technical point of view, the […]
Disappointing US bank earnings point to US recession
Six of the largest US banks have reported their Q4 2022 results in recent days. Among them, three had a drop in revenue and four had lower profits, compared to the same period of the previous year. The poor performance of the sector is yet another piece of data that corroborates the thesis that the […]
Caixa starts paying Bolsa Família of R$ 600 this Wednesday (18)
Caixa Econômica Federal will start paying this Wednesday (18) the January installment of Bolsa Família with a minimum value of R$600. According to the Ministry of Development and Social Assistance, this month the Federal Government’s income transfer program will reach 21.9 million families, with an expenditure of R$ 13.38 billion. The average amount received per […]
China’s real estate sector shrinks 5.1% in 2022: statistics bureau
China’s real estate sector shrank 5.1% year-on-year in 2022, value-added data from the National Bureau of Statistics showed on Wednesday, increasing pressure on authorities to revive the sector in 2023. The value added in the industry was 7.2% lower in the fourth quarter than in the previous year, after a 4.2% annual contraction observed in […]
