Business and Economy

Business and Economy Latest News

UK political upheaval and stagflation fears weigh on pound
UK political upheaval and stagflation fears weigh on pound
by  AFP

Political uncertainty and growing economic woes, including spiralling inflation and the threat of a recession, are weighing heavily on the British pound, against both the US dollar and the also struggling euro. Against the euro, which has been weighed down by the European Central Bank's difficulties in tightening its monetary policy, the pound has fallen by two percent this year.

Snap confirms cutting 20 percent of staff
Snap confirms cutting 20 percent of staff
by  AFP

Snapchat's parent company confirmed Wednesday it is cutting 20 percent of staff, as the troubled messaging app attempts to dig itself out amid competition and revenue woes, as well as recent quarterly losses. In July, the company reported that quarterly losses nearly tripled to $422 million amid conditions "more challenging" than expected.

Energy

Money

Industry

Technology

Economy