Business & Startups

Reuters · 1 month ago

China's Economy Slows in Second Quarter as Weak Consumer Spending Raises Concerns

China's economic growth slowed to a three-and-a-half-year low in the second quarter as weak consumer spending and slowing investment offset strong exports and manufacturing activity.

Reuters · 2 months ago

Volkswagen Plans Major Capacity and Model Lineup Cuts Amid Ongoing Restructuring

Volkswagen will reduce its model lineup and production capacity as part of a restructuring plan aimed at addressing rising costs, weaker profitability, and changing market conditions

Reuters Breakingviews · 2 months ago

Japan’s Long-Term Growth Strategy Faces Workforce Challenge

Japan's ambitious growth plan is expected to face significant labour shortages as the country's workforce declines, increasing pressure for stronger productivity and immigration reforms.

Reuters · 2 months ago

IMF Trims 2026 Global Growth Outlook to 3%, Expects Recovery in 2027

The IMF has lowered its 2026 global growth forecast to 3.0%, citing geopolitical tensions, trade fragmentation and AI-related risks, while expecting economic growth to strengthen in 2027.

Reuters · 2 months ago

Fed June Minutes Show Growing Inflation Concerns and Split Views on Future Rate Moves

Minutes from the Federal Reserve's June meeting show policymakers were increasingly concerned about inflation, with officials divided over whether future interest rate increases may be needed.

Reuters · 2 months ago

Key Questions Surround Volkswagen's Major Restructuring Plan Ahead of Supervisory Board Meeting

Volkswagen's board will review a sweeping restructuring proposal that includes potential plant closures, job reductions, and corporate restructuring as the automaker seeks to address mounting business challenges.

Reuters · 2 months ago

US Services Activity Slows in June as Hiring Picks Up Again, ISM Survey Shows

U.S. services sector growth slowed in June as new orders eased, while employment recovered after three months of contraction, according to the latest ISM survey.

Reuters · 2 months ago

Microsoft to Eliminate 4,800 Jobs as It Restructures Xbox Business

Microsoft will cut 4,800 jobs globally and restructure its Xbox business, including changes to several game studios, as it continues investing heavily in AI and streamlining operations.

Reuters · 2 months ago

Dow closes at record high as weak U.S. jobs report lifts rate hopes; Nasdaq falls on chip stock slide

The Dow reached a record closing high after weaker-than-expected U.S. jobs data lowered expectations for near-term interest rate hikes. Meanwhile, losses in semiconductor stocks pushed the Nasdaq lower.

Reuters · 2 months ago

Weak June Hiring and Smaller Workforce Could Reignite Fed Debate on Labor Market

A weaker June jobs report and a shrinking U.S. workforce are raising fresh questions about labor market conditions, potentially renewing debate within the Federal Reserve over future policy decisions

Reuters · 2 months ago

Fed Rate Hike Expectations Ease After Weaker U.S. Jobs Growth

Slower-than-expected U.S. job growth has lowered expectations for a Federal Reserve interest-rate increase in July, while markets continue to anticipate a possible move in September.

Reuters · 2 months ago

US Hiring Cools in June as Payroll Growth Slows and Workforce Participation Declines

U.S. job creation slowed in June, payroll estimates for previous months were revised lower, and labor force participation fell to its lowest level in more than five years.

Reuters · 2 months ago

World Bank approves $1.25 billion support package for Nigeria's 2026–2032 development strategy

The World Bank has approved a $1.25 billion financing package to support Nigeria's 2026–2032 development strategy, with a focus on jobs, private investment, and expanded access to essential services.

Reuters · 2 months ago

US Manufacturing Growth Slows in June While Input Costs Stay High

U.S. factory activity continued to expand in June but slowed from May's four-year high, while manufacturers continued to face elevated input costs despite improving supply chain conditions.

Reuters · 2 months ago

India to End Temporary Petrol and Diesel Sales Restrictions from July 1

India will lift temporary restrictions on petrol and diesel sales from July 1 after easing concerns over fuel supply disruptions linked to the Middle East conflict.

Reuters (via Yahoo Finance) · 2 months ago

China's Manufacturing Sector Returns to Growth in June, PMI Reaches 50.3

China's official manufacturing PMI climbed to 50.3 in June, returning the country's factory sector to expansion as high-tech exports linked to AI supported overall activity.

Reuters · 2 months ago

US Jobs Report Set to Shape Rate Outlook as Wall Street Wraps Up Strong First Half

Investors are closely watching the upcoming U.S. jobs report as it could influence Federal Reserve rate expectations and market sentiment, particularly across technology and semiconductor stocks.

Reuters · 2 months ago

South Korea prepares for round-the-clock won trading as banks brace for operational challenges

South Korea will launch 24-hour won trading from July 6, with banks increasing staffing and preparing for continuous operations while balancing liquidity and market volatility concerns.

Reuters · 2 months ago

Australia adds jobs in May as unemployment eases, keeping rate outlook in focus

Australia's employment rebounded in May with stronger-than-expected job gains and a lower unemployment rate, while economists continued to assess the outlook for future interest rate decisions.

ad-hoc-news.de (Based on Reuters) · 2 months ago

Renault to Reduce Around 800 Engineering Jobs in France Amid Cost Restructuring

Renault plans to reduce around 800 engineering roles in France through voluntary measures as part of a broader efficiency and cost-control initiative.

Reuters · 2 months ago

India, US Explore Options for Interim Trade Agreement Following Fresh Talks

India and the United States have discussed possible routes toward an interim trade agreement, with both sides reporting progress in ongoing negotiations aimed at strengthening economic ties.

Reuters · 2 months ago

India’s Trade Minister to Hold UK Talks Before Bilateral Trade Pact Takes Effect

India’s Trade Minister Piyush Goyal will visit the UK this week to discuss preparations for the India-UK trade agreement, which is scheduled to take effect on July 15

Reuters · 2 months ago

US Manufacturing Growth Continues in June as Factory Hiring Falls Sharply

U.S. manufacturing expanded for a fourth consecutive month in June as companies increased orders to guard against potential supply disruptions and price increases. However, factory employment dropped to its lowest level in six years amid concerns over rising costs.

Reuters · 2 months ago

Lucid Plans U.S. Workforce Reduction of About 18%, COO Marc Winterhoff Departs

Electric vehicle manufacturer Lucid is reducing its U.S. workforce by roughly 18% and has confirmed the departure of Chief Operating Officer Marc Winterhoff as the company continues efforts to improve profitability.