Business

Salesforce to lay off 8,000 workers in latest tech purge

Business software maker Salesforce is laying off about 8,000 employees, or 10% of its workforce, as major technology companies continue to prune payrolls that rapidly expanded during the pandemic lockdown.

Business

Hong Kong exchange headed to worst IPO finish in a decade

Hong Kong's stock exchange is on track for its weakest year since 2012 for new listings as the city reeled from the pandemic, rising interest rates and China's economic uncertainty, according to data released Tuesday.

Automotive

High prices, low inventory, a new norm for car shoppers

Shopping for a new or used car over the last couple of years has become a more challenging endeavor. Because of the COVID-19 pandemic and its after-effects, we've had to deal with factory closures, supply chain issues, a ...

Business

ECB set to start countdown on new eurozone stimulus

The European Central Bank is likely to point Thursday to an interest rate cut in September, analysts say, although recent hints towards bucking up sluggish growth and inflation could even mean a move this week.

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