Oracle starts job cuts in US – The Information

3D printed clouds and figurines are seen in front of the Oracle cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Oracle Corp (ORCL.N) has started to lay off employees in the United States, The Information said on Monday, … Read more

China raises hope for emerging market debt

Zambia’s President Hakainde Hichilema addresses the 76th Session of the United Nations General Assembly at UN headquarters in New York, US on September 21, 2021. Spencer Platt/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register MUMBAI, Aug 1 (Reuters Breakingviews) – China’s commitment to restructure the $6 billion it is owed by … Read more

India shares up on auto rally ahead of sales data

People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, Aug 1 (Reuters) – Indian shares kicked off August trading on a positive note on Monday, after having logged their best gains since November 2020 last month, led … Read more

JLR parent Tata Motors sees sales picking up as chip shortage eases

BENGALURU, July 27 (Reuters) – Tata Motors Ltd (TAMO.NS) expects strong demand to drive up sales of its cars, including at the luxury Jaguar Land Rover (JLR) unit, as the semiconductor shortage eases, even as it posted a wider quarterly loss on higher costs. The carmaker reported a consolidated net loss of 50.07 billion rupees … Read more

Soup kitchens feed Sri Lanka’s poor amid bleak economic crisis

COLOMBO, July 27 (Reuters) – With no fuel and no money for food, HG Indrani and her family of nine trudged for an hour to a community kitchen in Colombo, in hopes of finding a simple vegetarian meal. Rampant food inflation and chronic shortages of cooking gas and petrol are making daily life a battle … Read more

Explainer: India’s economic outlook at the mercy of monsoon

Villagers affected by flood dry their paddy crop on a road in Morigaon district in the northeastern state of Assam, India, May 24, 2022. REUTERS/Anuwar Hazarika/File Photo Register now for FREE unlimited access to Reuters.com Register MUMBAI/NEW DELHI, July 26 (Reuters) – The monsoon, which accounts for about 75% of India’s annual rainfall, is the … Read more

US to host virtual meeting on Tuesday of Indo-Pacific trade, economic ministers

US President Joe Biden listens to other leaders joining the Indo-Pacific Economic Framework for Prosperity (IPEF) launch event virtually, at Izumi Garden Gallery in Tokyo, Japan, May 23, 2022. REUTERS/Jonathan Ernst Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 24 (Reuters) – The United States will host a virtual meeting on Tuesday … Read more

South Korea’s economy likely lost some steam in Q2

BENGALURU, July 22 (Reuters) – South Korea’s economic growth probably slowed a bit in the second quarter as falling exports and soaring import costs hurt private consumption that makes up about half of the economy, a Reuters poll found. Exports in Asia’s fourth-largest economy grew at their slowest pace in over 1-1/2 years in June … Read more

Snap’s report incinerates $80 billion in ad industry market cap

A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City, NY, US March 2, 2017. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com Register July 21 (Reuters) – Facebook-owner … Read more

Sri Lanka swears in new president amid worst economic crisis in decades

COLOMBO, July 21 (Reuters) – Veteran politician Ranil Wickremesinghe was sworn in as Sri Lanka’s new president on Thursday, a day after winning a vote in parliament and urging the island nation to come together to find a way out of its worst economic crisis in. decades. The six-time prime minister succeeded Gotabaya Rajapaksa who … Read more