‘The Titanic was sinking’: Ford says Algoma Steel layoffs were expected
‘We either save two thirds, or we don’t save anything, and I believe in saving the company,’ the…
VIDEO: Algoma Steel has lost 1,300 jobs since Donald Trump took office
To be clear, Algoma Steel started prepping for a wave of layoffs long before Donald Trump unleashed his…
Rising everyday costs outpace wages, pressuring salaried workers
Customers wait for a Lotte Mart branch to open in Seoul, Thursday. Yonhap Baik Seung-ki, a salaried worker…
Asian currencies slump, Philippine peso pares early losses
(Dec 4): Asian currencies weakened on Thursday as the dollar firmed after nine straight days of declines, while…
Long back, this export by India wowed Russians
It was the 1950s, and Moscow airport was packed. Fans screamed and surged forward, all for one man,…
Why are European natural gas prices tumbling despite the cold winter?
European natural gas prices have fallen sharply in recent days, with the Dutch Title Transfer Facility (TTF) benchmark…
USD/CNH recovers from one-year low – BBH
USD/CNH bounced from a one-year-plus low as the PBOC set a higher-than-expected fixing, signaling managed support for yuan…
GT Voice: Rising investment by European firms confirms value of Chinese innovation
Illustration: Liu Xiangya/Global Times As European companies’ profitability and global competitiveness become increasingly tied to their Chinese operations,…
China state-owned banks soak up dollars to slow yuan gains, sources say
Dec 4 (Reuters) – China’s major state-owned banks bought dollars in the onshore spot market this week and…
China likely to chase 5% GDP growth in 2026 in bid to end deflation
BEIJING, Dec 3 (Reuters) – China is likely to stick to its current annual economic growth target of…
Govt’s domestic borrowing drops 48% in first 5 months of FY26
Highlights: Government domestic borrowing fell 48% amid lower spending Most borrowing came from non-bank sources like insurers and…
The Job Market Is In Its Worst Stretch Since The Pandemic
Key Takeaways Private employers lost 32,000 jobs in November, the third month of job losses in the last…