Financial insights
Little sign of relief expected in October US inflation data
The nation’s punishing inflation rate likely kept simmering in October, giving the Federal Reserve little cause to ease up in...
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Mark Zuckerberg announces Meta will layoff 11,000 employees
Mark Zuckerberg has announced that Meta will be laying off 11,000 of its employees -- an estimated 13% of its...
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Elon Musk sells Tesla shares worth 4 billion dollar
Musk said he was done selling Tesla stock back in August before Twitter’s legal action sealed the deal for the...
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Wall Street rises ahead of election results and inflation data
Election Day brought another tick higher for stocks, as Wall Street braces for the results from the day’s midterm elections...
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California settles with the firm in Volkswagen emissions scandal
California has settled a lawsuit against a German company stemming from the emissions scandal that tarred Volkswagen and Fiat Chrysler...
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From Teslas to BMWs, cars are piling up on land and at sea in the German port of Bremerhaven
The German Port of Bremerhaven, Europe’s fourth largest auto hub, is seeing so much congestion due to driver shortages and...
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Asian markets mixed ahead of US elections, inflation data
Asian stocks are mixed ahead of the U.S. midterm elections with trading likely to stay bumpy in a week that...
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Metaverse flop behind the social media giants’ dismal results
Social media behemoth Meta's big bet on the virtual world metaverse has been a flop - a costly one so...
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Facebook parent Meta is preparing large-scale layoffs this week
Meta Platforms Inc (META.O, follow the share value in newshub charts) is planning to begin large-scale layoffs this week that will affect...
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How Qatar bought up Britain
As the world’s attention turns to the emirate for the World Cup, an Observer investigation reveals that it and its...
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