UK grocery inflation slows to 9.1 in November Kantar Cost of Christmas dinner up 1.3 yearonyear Sainsbury39;s has largest market share gain in over a decade LONDON, Dec 5 Reuters British grocery inflation slowed again in November, while the rise in the cost of a traditional Christmas dinner is tracking well below the headline rate, […]

MOSCOW, Dec 5 Reuters Russia39;s finance ministry said on Tuesday it would decrease the volume of deferred foreign currency purchases in the coming month by more than 212 times to a cumulative total of 244.8 billion roubles 2.68 billion. The purchases are deferred because the central bank in August stopped buying foreign currency until the end of […]

Dec 4 Reuters Cloud communications platform Twilio Inc said on Monday it will lay off about 5, or 295, of its total workforce by the first quarter of 2024 to achieve profitable growth. The company expects to incur about 25 million to 35 million associated with the restructuring in the last three months of 2023. Tech […]

Dec 4 Reuters Economic uncertainties due to a rapid rise in interest rates forced U.S. companies like tech behemoth Amazon.com and Wall Street banks including Goldman Sachs to slash thousands of jobs in a quest to rein in costs. Many companies such as Meta Platforms even resorted to more than one round of layoffs as the economic outlook […]

Dec 4 Reuters New orders for U.S.made goods fell more than expected in October, marking the biggest monthly drop in roughly three and a half years, constrained by weakening demand for durable goods and transportation equipment and bolstering the view that high interest rates are beginning to bite into spending. Factory orders fell 3.6 after […]