Business News

Netflix is laying off 6% of its workforce, in biggest round of job cuts at streaming giant in years

CHICAGO (AP) — Netflix plans to lay off about 6% of its workforce, amounting to nearly 1,000 positions,...

Irish public sector workers strike, leading to school closures and canceled medical appointments

LONDON (AP) — Hundreds of thousands of teachers, doctors and civil servants walked off the job in Ireland...

Fuel crisis hits Indonesia's Bali, triggers long lines in gas stations for days

DENPASAR, Indonesia (AP) — Long lines of vehicles snaked outside gas stations across Indonesia’s resort...

The building housing London's oldest restaurant has been donated to a conservation charity

LONDON (AP) — The building that houses London's oldest restaurant has been donated to Europe's biggest...

Energy agency lowers world oil demand forecast for the year

The International Energy Agency is lowering its world oil demand forecast for the year, noting that...

Lufthansa to buy 44.9% of TAP Air Portugal in €1.2B deal

LISBON, Portugal (AP) — Lufthansa is buying a 44.9% stake in Portuguese flag carrier TAP Air Portugal...

IMF chief urges US and wealthy nations to rein in debt to ease global economic pressure

BANGKOK (AP) — The U.S. and other wealthy nations need to urgently tackle mounting global debt levels...

Iran-backed Houthis strike Saudi oil company Aramco's headquarters, officials say

CAIRO (AP) — Iran-backed Houthi rebels hit the headquarters of the Saudi state-owned oil company...

Taiwan plans to buy liquefied natural gas from Alaska pipeline project

TAIPEI, Taiwan (AP) — Taiwan plans to buy 6 million metric tons (6.6 million U.S. tons) of liquefied...

Inflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections near

WASHINGTON (AP) — U.S. inflation accelerated last month as gasoline and many other goods and services...

US stocks sink as inflation gets worse

NEW YORK (AP) — Worries about worsening inflation are weighing on Wall Street Wednesday and pulling...

Public Media Co’s bridge fund for nonprofit radio stations turns from rescue to reinvention

Public Media Co. celebrated its 25th anniversary Tuesday night with a $10 million donation from the...

China’s trade surplus nears record as pressure mounts from trading partners

HONG KONG (AP) — China’s exports surged 36.3% in September from a year earlier, its customs agency sai...

Kroger to lay off 3,000 corporate employees over 3 years as it leans into artificial intelligence

Grocery store chain Kroger said it will lay off 3,000 corporate employees over the next three years...

US home sales rose in September, but slowed from a year earlier as mortgage rates, prices rose

Sales of previously occupied U.S. homes rose in September from the previous month, but slowed compared...

Big banks post strong Q3 profits, but warn higher rates and inflation could bite

NEW YORK (AP) — Wall Street’s biggest banks reported another strong quarter on Tuesday, as the U.S....

Environmentalists picket African Energy Week, urging an end to new oil and gas exploration

JOHANNESBURG (AP) — Climate activists picketed outside the African Energy Week conference in Cape Town,...

Tensions flare over the EU’s next long-term budget ahead of unpredictable elections in 2027

BRUSSELS (AP) — Political tensions mounted Tuesday over the European Union’s next long-term budget...

I thought I had these 3 retirement topics figured out. Here’s why I changed my mind

As much as there are immutable truths in investing and money matters — costs matter and getting started...

Visa wins approval to prepare a bank card clearing business in China

BEIJING (AP) — U.S. payments giant Visa said Tuesday that it received approval to prepare to set u...

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