Reuters Software firm Oracle on Thursday laid off hundreds of employees, rescinded job offers and cut back open positions within its health unit, the Insider reported, citing three people familiar with the matter. The layoffs follow thousands of cuts in corporate America as companies wrestle with elevated levels of inflation and rising interest rates. Oracle39;s health […]

BEIJING, June 16 Reuters Four major Western banks have cut their 2023 gross domestic product GDP growth forecasts for China after May data showed a postCOVID recovery was faltering in the world39;s secondlargest economy. UBS, Standard Chartered, Bank of America BoA and JPMorgan now expect China39;s GDP growth to be between 5.2 and 5.7 this year, down […]