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US jobless insurance claims near historic low despite cooling economy

Applications for US unemployment insurance last week fell slightly, hovering around historically low levels as the labor market holds strong despite a weakening economy

In shift away from China, Apple adds a new iPhone 14 supplier in India

That move makes Pegatron the second Apple supplier to produce the iPhone 14 in the country, people familiar with the matter told Bloomberg News

Food prices at 9-month low as slow staples demand offset war disruptions

The continued decline offers some relief to households grappling with a cost-of-living crunch. The index is down for seventh month, its longest slump in 9 years, and food inflation has begun to slow

Twitter sued for mass layoffs by Elon Musk without enough notice

Twitter intends to start cutting staff Friday, the company said in an email to employees. Musk plans to get rid of half the workforce

Former Pakistan PM Imran Khan blames govt, spy agency for shooting

Former Pakistan leader Imran Khan has blamed Prime Minister Shehbaz Sharif, Interior Minister Rana Sanuallah and a top general from the intelligence agency for the attack on his rally

Instead of phasing down coal the world is burning it more than ever

Outside of China and India, plans for new production capacity are limited. Along with expectations that gas will remain costly after Russia's invasion of Ukraine,

Elon Musk to commence job cuts at Twitter today as advertisers hit pause

"In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday," Twitter management said in an email reviewed by Bloomberg

Byju's Aakash Educational Services IPO valuation likely to hit $4 billion

May pick the lead bank in 2 weeks and DRHP expected in Jan-Feb

More applicants applying for remote jobs: Finds LinkedIn analysis

Black, Hispanic and female job seekers are making up a greater share of applicants and new hires for roles that can be done remotely, LinkedIn analysis finds

Turkish inflation tops 85% driven by surge in food prices, energy costs

Turkish annual inflation accelerated for the 17th month in a row in October, driven by a surge in food prices and energy costs, to its likely peak during President Erdogan's two decades in power

Elon Musk plans to eliminate 3,700 jobs at Twitter to cut costs: Reports

Musk also intends to reverse the company's existing work-from-anywhere policy, asking remaining employees to report to offices -- though some exceptions could be made, the people said

Climate change targets pose stark challenge for the developing world

Floods and drought, hurricanes and heat waves will make the path out of poverty much more difficult. But trying to limit climate change poses its own set of problems for the developing world

Investors shed $7 billion off Credit Suisse Saudi backer over stake deal

Investors have wiped about $7 billion off Saudi National Bank's market value amid growing concern over the lender's plans to purchase a stake in Credit Suisse Group AG

India's taxes on crypto transactions may 'kill the industry': Binance CEO

Binance Holding CEO Zhao "CZ" Changpeng said India's onerous taxes on cryptocurrency transactions will probably "kill the industry"

Qualcomm gives downbeat forecast as Covid-19 lockdown affect phone market

Qualcomm Inc., the biggest maker of smartphone processors, tumbled in pre-market trading after giving a far weaker forecast than expected, punished by the economic slowdown and Covid-19 lockdowns

Jeff Bezos sued by former housekeeper over racial bias, long hours

Mercedes Wedaa, who joined the billionaire Amazon.com Inc. founder's staff in September 2019, sometimes worked 10 to 14 hours a day and supervised a team of five to six housekeepers

RBI's MPC to explain first inflation miss since 2016 to government today

This is the first time the Reserve Bank of India is writing such a letter after the country switched to a flexible inflation-targeting regime and formed a committee in 2016 to set interest rates

Iphone supply chain hit by Xi Jinping's stringent Coronavirus curbs

The abrupt move is expected to disrupt a factory already grappling with an outcry over an on-site coronavirus outbreak, worker exodus and enforced quarantine

Elon Musk aims to start charging for Twitter verification from next week

The badges will be part of an $8-a-month subscription that could go live as early as Monday, according to people familiar with the plans.

Bankers take to streets with megaphones, enlist grocers to lure customers

Rising loan demand from companies and consumers has pushed annual credit growth to a decade high of 17.95% as of October, compared to a five-year average of 9.7%