Pound on worst run since March 2020 as weak economy curbs interest rate rises – The Guardian
The pound has suffered its longest stretch of daily falls since the start of the Covid-19 pandemic amid growing speculation in the currency markets that...
Category : News En
US Manufacturing’s Missing Ingredient: Women – Bloomberg
The US is undergoing a manufacturing renaissance as billions of dollars are invested in new factories. In fact, only last week the White House boasted...
Companies See “Sticky” Inflation in July in Services, as they Pass on Surging Input Costs, Including Higher Wages – Wolf Street
The message about “sticky” inflation in services, as seen from the companies’ point of view, was the most interesting element in the S&P Global Flash...
Why Walmart is trouncing Amazon in the grocery wars – The Economist
When Amazon announced the $13.7bn acquisition of Whole Foods Market in 2017, it followed some oddball attempts to strengthen its grocery business, some conceived by...
Elon Musk has officially killed Twitter. The zombie platform lives on as X, a disfigured shell of its former self – CNN
Bye bye, birdie. Twitter, the text-based social media platform that played an outsized role on society by serving as a digital town square, was killed...
One Year After Liftoff, ECB Grapples With Endgame for Rate Hikes – Bloomberg
A year after the European Central Bank began lifting interest rates, officials are thrashing out the final stages of what’s already their toughest-ever campaign of hiking....
European Bonds Surge on Souring Economic Signals – Bloomberg
Europe’s government bonds surged and the euro slid after fresh warning signs over the health of the region’s economy, just days before the central bank...
US banks rush financial restatements to reduce Silicon Valley Bank liabilities – The Financial Times
The largest US banks have been rushing to restate their financials in order to minimise how much they may have to pay to cover the...
Why Businesses Can’t Stop Asking for Tips – WSJ
Employers far beyond restaurants rely on the practice to avoid paying higher wages; testing customer limits....
Transformers: the Google scientists who pioneered an AI revolution – The Financial Times
Like many breakthroughs in scientific discovery, the one that spurred an artificial intelligence revolution came from a moment of serendipity. In early 2017, two Google...