Business & Startups

A Verizon retail store exterior representing the company's restructuring and retail network changes.

Reuters · 2 months 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.

Container ships at a Chinese port as economic data highlights slower second-quarter growth and continued reliance on exports.

Reuters · 3 months 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.

Workers walk through a commercial district in China as the country's latest economic data highlights slowing growth and weak consumer demand.

Reuters · 3 months 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.

Volkswagen headquarters in Wolfsburg as the company announces plans to reduce production capacity and streamline its vehicle lineup.

Reuters · 3 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

A city skyline in Japan representing the country's long-term economic growth strategy and workforce challenges.

Reuters Breakingviews · 3 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.

IMF headquarters building representing the release of updated global economic growth and inflation forecasts.

Reuters · 3 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.

Federal Reserve building in Washington, D.C., representing the release of the June policy meeting minutes.

Reuters · 3 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.

Volkswagen headquarters in Wolfsburg as the company prepares to discuss a major restructuring plan involving factories and jobs.

Reuters · 3 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.

People walking through a busy commercial district in the United States, representing activity in the country's services sector.

Reuters · 3 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.

Microsoft office building with Xbox branding representing the company's workforce reduction and gaming business restructuring.

Reuters · 3 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.

Electronic stock market display showing mixed performance, with the Dow rising to a record close while technology stocks decline.

Reuters · 3 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.

A U.S. worker walks through an office building as charts tracking employment and labor market indicators are displayed.

Reuters · 3 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

Federal Reserve building with financial market graphics representing interest-rate expectations.

Reuters · 3 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.

Workers walking through a business district in the United States following the release of the June employment report.

Reuters · 3 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.

The World Bank headquarters representing financial support for Nigeria's long-term development strategy.

Reuters · 3 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.

Workers operating equipment inside a U.S. manufacturing facility with industrial machinery on the production floor

Reuters · 3 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.

Vehicles refuelling at a petrol station in India.

Reuters · 3 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.

Factory workers operating production equipment inside a manufacturing facility in China

Reuters (via Yahoo Finance) · 3 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.

Digital display showing stock market data alongside financial charts representing investor focus on U.S. jobs data and interest rate expectations

Reuters · 3 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.

Foreign exchange traders monitor multiple currency trading screens inside a South Korean bank dealing room.

Reuters · 3 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.

Employees walking through Sydney's central business district as Australia's labour market records stronger job growth in May

Reuters · 3 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.

Engineers working inside a Renault automotive research and development facility in France.

ad-hoc-news.de (Based on Reuters) · 3 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.

Indian and U.S. trade officials meeting to discuss an interim trade agreement and bilateral economic cooperation.

Reuters · 3 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.

India’s Trade Minister Piyush Goyal preparing for discussions with UK officials ahead of the India-UK trade agreement rollout.

Reuters · 3 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

Verizon to Divest 274 Retail Stores and Cut Around 500 Corporate Positions

China's second-quarter growth slows to a three-and-a-half-year low as domestic demand remains weak

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

Volkswagen Plans Major Capacity and Model Lineup Cuts Amid Ongoing Restructuring

Japan’s Long-Term Growth Strategy Faces Workforce Challenge

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

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

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

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

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

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

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

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

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

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

US Manufacturing Growth Slows in June While Input Costs Stay High

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

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

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

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

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

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

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

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

Five must-reads.
Every Monday.

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Verizon to Divest 274 Retail Stores and Cut Around 500 Corporate Positions

China's second-quarter growth slows to a three-and-a-half-year low as domestic demand remains weak

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

Volkswagen Plans Major Capacity and Model Lineup Cuts Amid Ongoing Restructuring

Japan’s Long-Term Growth Strategy Faces Workforce Challenge

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

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

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

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

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

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

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

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

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

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

US Manufacturing Growth Slows in June While Input Costs Stay High

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

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

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

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

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

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

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

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

Five must-reads.Every Monday.

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Five must-reads.
Every Monday.