How (not) to explain economics to the public – The Financial Times
I had some sympathy for UK chancellor Jeremy Hunt last week when he was teased for trying to explain inflation with coffee cups and a...
Category : News En
Microsoft Posts Earnings Beat On Solid Cloud Results, But Guidance Disappoints – Barron’s
Microsoft posted better-than-expected results for the December quarter, driven by strength in cloud computing. But the strong results were tempered by disappointing guidance for the...
How Many People Were Actually Laid Off So Far in San Francisco and Silicon Valley? – Wolf Street
There have been a gazillion layoff announcements by companies headquartered in San Francisco and in Silicon Valley, and there are websites that track those announcements...
For Tech Companies, Years of Easy Money Yield to Hard Times – The New York Times
Rock-bottom rates were the secret engine fueling $1 billion start-ups and virtual attempts to conquer the physical world. But in 2023, reality bites.Eighteen months ago,...
The CBI is right. The UK needs a growth plan – The Guardian
The CBI billed it as a “major speech”, which is a judgment best left to others, but, yes, Tony Danker, the director general of the...
Bank of England warns insurers over ability to sell down assets in a crisis – The Financial Times
Life insurers could be overly optimistic about their ability to sell down assets in a crisis, the Bank of England has warned. The BoE’s Prudential...
Impending UK recession could be twice as bad as anticipated, say analysts – The Guardian
The UK’s impending recession could be twice as bad as previously thought, according to leading economic forecasters at the business consultancy EY. Reduced government support,...
Microsoft extends AI partnership with ChatGPT and Dall-E maker OpenAI – BBC News
Microsoft has announced a multi-year, multibillion dollar investment in artificial intelligence (AI) as it extends its partnership with OpenAI. OpenAI is the creator of popular...
Spotify to Cut 6% of Workforce in Latest Tech Layoff – WSJ
Spotify Technology SA SPOT 2.07%increase; green up pointing triangle is laying off about 600 employees, or roughly 6%, of its workforce as part of broader...
UK will be 15 years late in hitting £1tn annual export target, figures show – The Guardian
Forecasts predict exports will fall to £707bn next year and target will not be reached until 2035. Ministers have been accused of leaving a “record...