Laid-off techies face ‘sense of impending doom’ with job cuts at highest since dot-com crash
CNBC spoke to a dozen recently laid-off employees about their experiences navigating an increasingly challenging job market.
Financial News
CEO of Hapag-Lloyd, one of world’s top ocean shippers, says the outlook has changed for the global economy
Rolf Habben Jansen, CEO of Hapag-Lloyd, says the latest read on demand shows that inventories are depleted and the second half of 2024 should see a bump.
Japan’s workers are set for 5.28% hike in wages after ‘shunto’ negotiations, largest union group says
Market speculation reached fever pitch this week with corporate giants announcing robust wage increments which, in some instances, exceeded what unions had demanded.
EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans
Automakers from Ford and GM to Mercedes-Benz, Volkswagen and Aston Martin are scaling back or delaying their electric vehicle plans.
Britain notches 0.2% January GDP growth after dipping into technical recession
The U.K. economy entered a technical recession in the final quarter of last year.
China’s stock valuations are ‘way too low,’ strategist says — here’s why
Valuations of Chinese stocks are “way too low,” according to Shaun Rein, founder and managing director of the China Market Research Group.
India inks ‘watershed’ $100 billion free trade deal with four non-EU nations
The agreement with Switzerland, Iceland, Norway and Liechtenstein is also expected to create 1 billion jobs in India.
Sam Altman rejoins OpenAI board of directors as investigation into his ouster comes to a close
Sam Altman rejoined OpenAI’s board of directors and the company added three new board members, along with announcing the results of an internal investigation.
The ‘special relationship’ under pressure: Are Biden and Netanyahu on a collision course over Gaza?
Tensions are appearing in the historically close relationship between the White House and Israel as the war in Gaza becomes a worsening humanitarian disaster.
Ukraine’s female soldiers are fighting on two fronts — against Russians, and sexism within their ranks
Ukraine’s Ministry of Defense said last October that almost 43,000 women are currently serving in the military, a 40% increase since 2021, before Russia’s full-scale invasion.