Economy

Indian business tycoon Gautam Adani is in the eye of a storm after a dramatic crash in the stocks of his companies. Adani’s businesses have lost more than $100 billion after a U.S. investment firm, Hindenburg Research, alleged that the…
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As the annual World Economic Forum gets underway this week in Davos, Switzerland, Oxfam says extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years. The charity is calling for fairer taxation amid…
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Software giant Microsoft on Wednesday became the latest major company in the tech sector to announce significant job cuts when it reported it would lay off 10,000 employees, or about 5% of its workforce. Microsoft’s job cuts come just as…
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The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos, where leaders are seeking to bridge political divisions in a polarized world, buttress a hobbling economy and address concerns about…
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As the annual World Economic Forum (WEF) gets underway this week at the Swiss ski resort of Davos; the charity Oxfam says extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years – and is calling for…
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In his meeting with Dutch Prime Minister Mark Rutte on Tuesday at the White House, President Joe Biden appeared to have made no progress to get the Netherlands to support U.S. restrictions on exporting chip-making technology to China, a key…
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The Treasury Department said Monday it plans to increase its borrowing during the first three months of 2023, even as the federal government is bumping up against a $31.4 trillion limit on its legal borrowing authority.  The U.S. plans to…
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U.S. House Speaker Kevin McCarthy promised Sunday the United States would not default on its national debts as the country approaches its $31.4 trillion spending limit in June but said the government cannot continue to annually spend more…
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Across the U.S., there's a silent frustration brewing about an age-old practice that many say is getting out of hand: tipping. Some fed-up consumers are posting rants on social media complaining about tip requests at drive-thrus, while…
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A Japanese whaling operator, after struggling for years to promote its products amid protests from conservationists, has found a new way to cultivate clientele and bolster sales: whale meat vending machines. The Kujira (Whale) Store, an…
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