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Economy
US blocks export license renewals for China’s Huawei
BEIJING (AP) — China’s government accused Washington on Tuesday of pursuing “technology hegemony,” as the United States has begun stepping up pressure on tech giant Huawei by blocking access to American suppliers.The Biden administration…
Europe’s Economy Edges Higher, Heading Off Forecasts of Recession
Europe’s economy is showing signs it may avoid a recession this winter, even as it continues to cope with persistent inflation, rising interest rates and a war in Ukraine that shows no signs of abating.On Tuesday, the region’s statistics…
‘This could be a turning point’: IMF raises growth outlook, sees inflation past peak
The International Monetary Fund inched up its outlook for global growth this year, reflecting greater-than-expected resilience in economies across the world while striking a more optimistic tone than in reports last year.The IMF now sees…
Washington halts licences for US companies to export to Huawei
The Biden administration has stopped providing US companies with licences to export to Huawei as it moves towards imposing a total ban on the sale of American technology to the Chinese telecom equipment giant.Several people…
‘Recession Resilient’ Climate Start-Ups Shine in Tech Downturn
But the stakes are too high to be cynical, climate entrepreneurs and investors said.“There’s a bigger fight to fight,” said Elisa Jagerson, an investor at Wildcat Venture Partners. “Everything else feels like rearranging deck chairs on…
Oil climbs after drone attack in Iran, China’s pledge to promote consumption
SINGAPORE, Jan 30 (Reuters) - Oil prices climbed in early Asia trade on Monday, supported by tensions in the Middle East following a drone attack in Iran and as Beijing pledged over the weekend to promote a consumption recovery which…
Consumers could be in a ‘world of hurt’ if Biden doesn’t act soon, former Walmart…
Former Walmart U.S. CEO Bill Simon joined ‘Fox & Friends Weekend’ to discuss the nationwide spike in layoffs that have now extended beyond the Big Tech industry. Mass layoffs are plaguing more than just the Big Tech industry. …
The shock of mass lay-offs is only the beginning for companies
“After almost 8.5 years working at Google, I received notice this morning that I was impacted by the workforce reduction and no longer have a role at the company . . . I envisioned spending my entire working career at Google, so…
SNAP benefits returning to pre-COVID amounts in February
Photo: Michael S. Williamson/The Washington Post via Getty ImagesThe extra food assistance benefits put into place during the COVID-19 pandemic will end nationwide in February, per the U.S. Department of Agriculture’s Food and Nutrition…
Are we headed toward a “polycrisis”? The buzzword of the moment, explained.
There is nothing that Davos loves more than a good buzzword, and in 2023 that buzzword was “polycrisis.”
The folks at this year’s World Economic Forum adopted the term after historian Adam Tooze popularized it in his inaugural…