Yahoo is going to lay off more than 1,600 people, 20 percent of its workforce. Remarkably, it does so for strategic reasons, not financial problems. Yahoo plans to lay off 1,000 people this week and another 600 later this year. In total, approximately 8,500 people work for the company. The […]

The budget deficit in the United Kingdom reached a record high last month. Public finances came under further pressure from the cost of measures to protect households and businesses against high energy bills. The government also spends much more on paying interest on its debts. The budget deficit is now […]

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