Business & Startups

BUSINESS

From

Reuters

Reuters · 2 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 · 2 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 · 2 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 · 2 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 · 2 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.

BUSINESS

From

Reuters

Reuters · 4 weeks 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.

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 · 1 month 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 · 1 month 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 · 1 month 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 · 1 month 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 · 1 month 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 · 1 month 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 · 1 month 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.