The largest US banks continued to reduce staff in the first quarter, with Citigroup experiencing the largest decline. After the third-largest U.S. lender completed a comprehensive reorganisation targeted at increasing earnings and cutting managerial layers, Citi's workforce shrank by 2,000...

Food manufacturers like Kraft-Heinz and Conagra Brands have redesigned their products and methods in response to years of price increases as Americans who depend on government assistance for food and other necessities are cutting back on their spending.   Sales volumes of many of the largest...

Since 2021, stocks in China and Hong Kong have sold off a whopping $4.8 trillion in market capitalization, which, according to HSBC, which exceeds the value of the stock market in India.   The National Stock Exchange of India has only increased during this same period, therefore the...

Following a warmer-than-expected winter, natural gas supplies are exceeding supplied, which has caused prices to plummet globally.   Liquefied natural gas had a recent boom in prices and earnings, which sparked a surge of investment in the industry. There is currently a "record wave of...

With the cost of goods and services other than housing and energy declining sharply in February, U.S. prices softened and the Federal Reserve's June interest rate decrease remained on the table.   The strength of the economy was highlighted by the Commerce Department's report on Friday,...

The US is compiling a list of sophisticated Chinese chip manufacturing facilities that are prohibited from obtaining critical supplies, according to reports quoting information from sources. This list is intended to assist businesses in limiting the transfer of technology to China.  ...

More than a fifth of global oil refining capacity is at risk of shutdown, according to an estimate published on Thursday by energy firm Wood Mackenzie, as petrol margins fall and demand to limit carbon emissions grows.   Of the 465 refining assets examined, the consultant identified around...

American farmers are rapidly using artificial intelligence. The technology is as advanced as it is necessary.   A farmer stands in a lovely green field in the American Midwest, pointing his smartphone at one of his soybean plants. He takes a photo of a pest crawling on a leaf and then...

People are becoming cautious as they go down the economic scale as a result of the out-of-control costs at American fast-food restaurants and eateries, and executives at Wendy's and McDonald's have expressed concern about losing business to those with the lowest incomes.   According to a...

Following two weeks of discussions at the UN shipping agency in London, most nations came out in favour of the world's first-ever global carbon levy on Friday.   The most recent round of talks by the International Maritime Organisation focused on how to proceed with regulating the shipping...

India announced on Friday that it would reduce import duties on a select range of electric vehicles made by automakers who pledge to invest a minimum of $500 million and initiate local production within a three-year timeframe.   Due to a global slowdown in EV growth, the regulation will make...