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UK budget set to deliver more economic pain
UK budget set to deliver more economic pain
by  AFP

Britain is set Thursday to unveil hefty tax rises and spending cuts at the risk of worsening a cost-of-living crisis for millions in the recession-bound economy. The BoE says that Britain is probably already in recession after its economy shrank in the third quarter and is set to do so again in the final three months of the year.

US Fed official open to slower rate hike in December
US Fed official open to slower rate hike in December
by  AFP

Recent signs of easing inflation pressures and a slowing US economy could allow the central bank to dial back the pace of interest rate hikes, Federal Reserve Governor Christopher Waller said on Wednesday.

'Hardcore' or bust: Musk gives ultimatum to Twitter staff
'Hardcore' or bust: Musk gives ultimatum to Twitter staff
by  AFP

Twitter's new boss Elon Musk has asked staff to choose by Thursday between being "extremely hardcore" and working intense, long hours, or losing their jobs, according to an internal memo seen by AFP. The Tesla tycoon has come under fire for radical changes at the social media company, which he bought for $44 billion late last month. "This will mean working long hours at high intensity.

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