LinkedIn To Lay Off More Than 660 Workers
On Monday, LinkedIn announced it will be laying of over 660 employees across its engineering, product, talent, and finance teams. In a news release, the resume-sharing social media site said,…
US Government Holds $5 Billion In Bitcoin
On Sunday, the Wall Street Journal reported that the United States government is now among the largest holders of cryptocurrency in the world, with roughly 200,000 bitcoin worth billions of…
Western Oil Sanctions Give China A $10 Billion Discount On Oil
A new Reuters report which has examined data from ship-trackers and traders, found that this year China has managed to save billions of dollars on record levels of crude oil…
France Cuts Electricity Consumption By 12%
In an interview with the TV channel France 2, French Energy Transition Minister Agnès Pannier-Runacher said, that since last October, electricity and gas consumption in the nation has fallen by…
Putin – BRICS Nations Now Bigger Than G7
On Monday, in an interview with the China Media Group, Russian President Vladimir Putin noted that the BRICS nations have surpassed the G7 states in terms of purchasing power parity…
Dimon Says Israeli Conflict Makes This The “Most Dangerous Time”
JPMorgan CEO Jamie Dimon was sounding a warning in the bank’s third quarter earnings report released on Friday, noting that the ongoing conflict between Russia and Ukraine, mixed with the…
Bloomberg Warns Of Grave Economic Effects If Israeli Conflict Spreads
In a report this week, Bloomberg finds that if Iran were to become involved in the Israeli-Palestinian conflict, it would cause oil prices to skyrocket, driving the economy into a…
British Shoppers Are Cutting Back On Spending
According to the latest sales-monitor report from the British Retail Consortium (BRC) and KPMG which was released this week, in September, retail sales in the UK fell as the cost…
Argentina Hikes Interest Rates To 133%
For the sixth time this year, Argentina’s central bank hiked the nation’s benchmark interest rate, as the regulator seeks to constrain soaring prices which have weighed heavily on incomes, and…
Dutch Companies Fined For Violating Russian Sanctions
On Friday Reuters reported that four companies and eight individuals from the Netherlands were fined for violating sanctions imposed on Russia by the EU, between 2014 and 2017. The Dutch…
