Shipping containers at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California on April 7, 2021. Lucy Nicholson | Reuters An increase in canceled or canceled departures from Asia to the United States is hitting some of the largest domestic ports, including the Port of Long Beach …
President Biden was hoping for a pause on inflation ahead of the Nov. 8 midterm elections. Instead, it happened two days later. Better late than never. The annual rate of inflation slowed from 8.2% in September to 7.7% in October. This is still too high, and basic necessities such as food and transportation are increasing …
SHANGHAI, Nov 11 (Reuters) – Tesla (TSLA.O) is considering exporting Chinese-made electric cars to the United States, two people with knowledge of the planning told Reuters, a reversal that would reflect the growing cost advantage automaker at its Shanghai plant and slowing demand from Chinese consumers. Tesla has been investigating whether parts made by its …
Exclusive: Tesla plans to export Chinese-made electric vehicles to US sources Read More »
Srdjanpav | E+ | Getty Images The layoffs at tech giants Twitter and Meta this week affected thousands of people – and they’re just the latest examples of a downsizing trend that was already happening in the industry. The news has shed light on employee rights in mass termination situations. Although downsizing laws vary by …
You’ve been fired – now what? Here are 3 steps to follow if you lose your job Read More »
Big tech is bleeding thousands of jobs – but here’s why the economy will ‘very easily absorb’ layoffs and mark a ‘turning point’ in the sector Meta is laying off 13% of its staff, joining other tech giants that have cut staff or suspended hiring amid weak growth this year. But while news of massive …
BEIJING (AP) — Travelers arriving in China will spend less time in quarantine thanks to changes to sweeping virus checks announced Friday to reduce disruption to the economy and society. The announcement came as a surge in COVID-19 cases prompted Beijing to close parks and impose other restrictions. The country has reported 10,729 new cases …
China eases some quarantines for travelers even as cases rise Read More »
Agathe Demarais is director of global forecasts at the Economist Intelligence Unit. His new book on the effects of US sanctions, “Backfire”, will be released next week. Russia has turned energy supply into an economic weapon. The strategy is evident in Ukraine, where Russian drones and missiles bomb power plants. But it’s also evident in …
As hundreds, if not thousands, of tech layoffs once again become daily news this week, we look back at the dot-bomb implosion of 22 years ago, when the Bay Area became a graveyard. f*cked companies. In the first ten days of November, we saw hundreds of layoffs at Lyft and Stripe, thousands of layoffs at …
BRASILIA, Nov 10 (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s brief honeymoon with financial markets appeared to be over on Thursday, as investors grew impatient with his desire to increase social spending without establishing long-term fiscal rules or name its economic leader. policy makers. Brazil’s currency and benchmark Bovespa stock index (.BVSP), which …
Lula’s honeymoon with Brazilian markets ends amid spending plan fears Read More »
