Business & Startups

Reuters · 13 hours ago

Adyen Plans to Expand India Operations and Increase Hiring

Adyen plans to expand its India operations and hire more employees as it sees long-term growth potential in digital payments and cross-border commerce.

Reuters · 1 day ago

US Consumers Grow More Concerned About Jobs and Personal Finances

U.S. consumers became more concerned about employment and their personal finances in August, while inflation expectations remained broadly stable, according to a New York Federal Reserve survey.

Reuters · 6 days ago

China Unveils Five-Year Plan to Support SMEs, Jobs and Innovation

China has unveiled a five-year plan to strengthen small and medium-sized businesses, with targets covering employment, innovation, R&D and the growth of specialised “little giants” by 2030.

Reuters · 6 days ago

Volkswagen Plans Another 50,000 Job Cuts as Board Approves Major Restructuring

Volkswagen has approved a major restructuring plan that includes another 50,000 job reductions worldwide, alongside changes to its group structure and plans to review the future of four German plants.

Reuters · 6 days ago

India’s Services Activity Improves in August, but Demand Remains Weak

India’s services activity improved slightly in August, but weak new business kept growth near a four-year low. Hiring accelerated to its fastest pace in 15 months despite subdued demand.

Reuters · 1 week ago

US Job Openings Increase in July, but Hiring Remains Weak

U.S. job openings rose to 7.271 million in July, driven by higher manufacturing vacancies, but hiring declined, suggesting the labor market remained subdued.

Reuters · 1 week ago

Canadian Manufacturing Sector Expands for Fifth Month Despite Trade Tensions

Canada's manufacturing sector expanded for a fifth consecutive month in August, supported by higher output, sales and employment, although rising trade tensions with the United States could affect future growth.

Reuters · 1 week ago

India’s Private Sector Takes a Bigger Role in Driving Economic Growth

India’s economic expansion is increasingly being supported by private-sector investment, with capital spending gaining momentum across infrastructure, manufacturing and technology while consumption remains resilient.

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Reuters

Reuters · 3 weeks ago

Silver Lake in Talks to Acquire Workday in Potential $50 Billion-Plus Software Buyout

Silver Lake is reportedly in talks to acquire Workday in a potential software buyout that could value the HR and financial-management technology company at more than $50 billion.

Reuters · 3 weeks ago

U.S. Producer Prices Unchanged in July, Further Dimming Rate Hike Odds

U.S. producer prices were unchanged in July, strengthening expectations that the Federal Reserve could keep interest rates steady in September. The latest data also points to a relatively stable U.S. labor market despite recent job losses.

Reuters · 4 weeks ago

U.S. Consumer Inflation Remains Mild in July as Gasoline Prices Decline

U.S. consumer prices increased only 0.1% in July as gasoline prices fell for a second consecutive month, keeping underlying inflation relatively moderate and reducing expectations of a September Federal Reserve rate hike.

Reuters · 4 weeks ago

India’s Sovereign Rating Retained at BBB- as Fitch Highlights Growth and Youth Employment Risks

Fitch retained India’s sovereign rating at BBB- with a stable outlook, citing strong economic growth and improving policy credibility while warning that fiscal weaknesses and rising youth employment concerns could create future spending pressures

Reuters · 4 weeks ago

U.S. Unemployment Rate Falls to 4.1%, Keeping Labor Market at the Center of Fed Rate Debate

The U.S. unemployment rate fell to 4.1% in July despite weaker job growth and slower wages. The reading remains a key indicator for the Federal Reserve as it weighs labor-market conditions and interest-rate policy.

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Reuters · 1 month ago

China's Manufacturing Activity Contracts in July as Weak Demand Raises Growth Concerns

China's factory activity returned to contraction in July as weaker domestic and export demand weighed on manufacturing. The latest PMI data highlights growing concerns over slowing economic growth and increasing pressure for additional policy support.

Reuters · 1 month ago

Boston Scientific Launches Restructuring Plan, Signals Workforce Reductions Through 2029

Boston Scientific has approved a multi-year restructuring program that includes supply chain changes, manufacturing shifts, and organizational adjustments. The company expects some job cuts while continuing to hire in expanding business areas.

Reuters · 1 month ago

Porsche Plans to Reduce Workforce by 9,000 by 2035 Amid China Market and EV Challenges

Porsche will cut about 9,000 jobs by 2035 through voluntary measures as the company restructures to address weaker demand in China and challenges in its electric vehicle business.

Reuters · 1 month ago

Australia Adds Far More Jobs Than Expected in June as Rate Hike Outlook Strengthens

Australia's employment rose by 76,300 in June, far surpassing forecasts, while unemployment held at 4.4%, reinforcing expectations of another Reserve Bank of Australia interest rate increase.

Reuters · 1 month ago

Australia Adds Far More Jobs Than Expected in June, Keeping Rate Hike Expectations Alive

Australia's employment surged by 76,300 jobs in June, far exceeding expectations, while unemployment held steady at 4.4%. The stronger labour market reinforced market expectations that the Reserve Bank of Australia could raise interest rates again this year.

Reuters · 1 month ago

Macquarie Names Greg Ward as Next CEO Following Shemara Wikramanayake's Retirement

Macquarie Group has selected veteran executive Greg Ward to become its next CEO after Shemara Wikramanayake announced her retirement. Investors see the appointment as a continuation of the bank's existing long-term strategy.

Reuters · 1 month ago

Labour Market Strength and Fed Inflation Focus Remain Key Themes for Investors

Economists are closely monitoring the U.S. labour market and the Federal Reserve's inflation framework, with employment trends and policy targets expected to influence upcoming monetary decisions.

Reuters · 1 month ago

Global Stocks Slip as Oil Prices Climb Amid Iran Tensions and Earnings Watch

Global stock markets declined while oil prices advanced as investors tracked Middle East developments and awaited earnings from major U.S. companies. Markets also focused on upcoming central bank meetings.

Reuters · 1 month ago

Samsung Reduces U.S. Consumer Electronics Workforce as Headquarters Moves to Texas

Samsung Electronics has reduced jobs within its U.S. consumer electronics business as Samsung Electronics America relocates its headquarters from New Jersey to Texas. Most affected employees received relocation offers, while others left the company.

Reuters · 1 month ago

Verizon to Divest 274 Retail Stores and Cut Around 500 Corporate Positions

Verizon will sell 274 company-owned retail stores and eliminate about 500 corporate jobs as part of its restructuring plan, while continuing efforts to strengthen its retail network and customer experience.

Reuters · 1 month ago

China's second-quarter growth slows to a three-and-a-half-year low as domestic demand remains weak

China's economy expanded 4.3% in the second quarter, marking its slowest growth in more than three years as weak consumer spending and slowing investment offset strong exports.