Markets World Tech USA · World
Markets
Loading…
Live feed

Home / World

World

Volkswagen board approves plan to cut another 50,000 jobs

The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of a sweeping turnaround programme. It brings the total number of roles the company plans to shed by 2030 to 100,000.

Warsh Shift Points to an ‘Insurance’ Fed Hike

Fed chairman Kevin Warsh used his speech in Wyoming to lay out a firmer, more hawkish case on inflation than markets had heard from him before. The shift now puts more distance between where US rates might be headed and…

Why is the Japanese yen rallying today?

The Japanese Yen (JPY) loses some strength early Friday after rallying in the American session on Thursday, possibly fuelled by a foreign exchange market intervention by Japanese authorities. Later in the session, preli…

Global Bond Yields Fret Inflation and Deficits

New York – For those unsettled by the relentless rise in government bond yields in the US and across much of the world lately, the message from markets is getting clearer by the day: Get used to it.

Is France Becoming Another Fiscal Flashpoint?

France’s mounting debt has become a flashpoint in economic debates, with critics blaming decades of high public spending and subsidies for the country’s burden. The numbers underline how France’s trajectory has diverged…

There Are ’Warsh’ Things I Could Do

WASHINGTON (MaceNews) – The following is a rough transcript of the responses of the new Federal Reserve chair, Kevin Warsh, to reporters’ questions in his first post-Federal Open Market Committee news conference Wednesd…

Lords call for AI 'kill switch' powers in UK

A group of peers is calling for the British government to be able to deactivate powerful AI systems and switch off the country's data centres in the event of the tech posing a threat to national security.