The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
Tag: Global Economy
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Big Tech announced widespread layoffs this week. Verizon will lay off 15,000 to cut costs, Synopsys chip design company will lay off 2,800 people and Intel will lay off 669 people in Oregon by year-end.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
As AI continues to take over human jobs, IBM announced a restructuring to focus on software development, cloud services and AI, which could result in 2,700 to 5,000 layoffs.
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SPOTLIGHT: BIGS GETTING BIGGER
Between 26 and 31 October, three deals totaling $81.4 billion in value made the headlines.
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SPOTLIGHT: CHINA’S AUTO INDUSTRY PUTS THE PEDAL TO THE METAL
China will gradually take over Europe’s auto industry, rehabilitating factories and saving jobs that the continent’s own makers cannot, Carlos Tavares says in a new memoir.
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SPOTLIGHT: CHINA’S SEARCH FOR ECONOMIC GROWTH
In its meeting in late October, China’s ruling committee redoubled its call for extraordinary measures to advance the country’s self-sufficiency in advanced technologies, particularly in advanced computing and artificial intelligence.
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SPOTLIGHT: GRADING THE TRUMP-XI SUMMIT
Donald Trump praised his trade agreement with China, reached last week, but U.S. analysts and businesses say crucial issues have yet to be settled, The Wall Street Journal reported.
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ECB PLANS TEST OF DIGITAL EURO FOR 2027
The European Central Bank (ECB) is planning a pilot test of a digital euro in 2027 if the European Commission will give timely approval for the experiment, the bank has announced.
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COPPER PRICE SETS NEW RECORD ON SUPPLY FEARS
On 29 October, copper’s price rose 1 percent to set a new record at $11,137 per metric ton after several major producers said production of the metal will decline next year.