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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

What to expect in UK Chancellor Jeremy Hunt's plan to fix fiscal hole

Prime Minister Rishi Sunak's finance minister is trying to identify £50 billion ($56 billion) of spending cuts and tax increases to get debt falling as a proportion of gross domestic product

Biden slams Musk's Twitter buy, says platform responsible for spewing lies

"There's no editors anymore," Biden added. "There's no editors. How do we expect kids to be able to understand what is at stake?"

Donald Trump gets extension to next week to comply with Jan. 6 subpoena

''We have informed the former president's counsel that he must begin producing records no later than next week and he remains under subpoena for deposition testimony starting on Nov. 14th''

Job cuts at Twitter spur concerns about US midterms, human rights

Product and engineering teams were gutted by well over 50%, according to two sources, and other groups - like communications, marketing, human rights and diversity - were almost completely eliminated

As job cuts begin at Twitter, Elon Musk decries 'massive' sales drop

The global workforce reductions are expected to affect 3,700 jobs - about half of the company.

Lawyer suing Twitter over layoffs says Elon Musk trying to comply

Attorney Shannon Liss-Riordan said she "will be monitoring the situation" at Twitter to ensure employees receive appropriate notice and compensation.

Twitter layoffs likely set back the company's recent diversity gains

The firings of about half of the staff on Friday also may hit hard: The leaders of several of Twitter's diversity-focused groups were part of the job cuts, according to people familiar with the matter

Nissan Motor likely to snub Renault revamp over sharing technology

While both sides appeared near a final agreement two weeks ago, Nissan's board and management have recently expressed concern over Renault's plans for the intellectual property

US jobs top forecasts, wages pick up in labor market despite Fed aggression

US employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve's aggressive efforts to cool it down.

Apple pauses hiring for many roles besides R&D in escalation of cost cuts

The pause generally doesn't apply to teams working on future devices and long-term initiatives, but it affects some corporate functions and standard hardware and software engineering roles

Tesla's former India policy chief to join e-scooter start-up Ather

Manuj Khurana, who quit his post as Tesla's local head of policy and business development in June, will start next week at Ather Energy

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