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 […]
News
The round of layoffs at Microsoft particularly affects employees working on virtual and mixed reality. Microsoft announced last week that it would lay off 10,000 people, or about 5 percent of its workforce. Of course, these layoffs concern different departments, but it is striking that the teams around metaverse, virtual […]
A video from a Russian news site has caused outrage in Serbia. The Wagner group recruits Serbian volunteers to fight alongside the Russian army in Ukraine. On Thursday, a lawyer from Belgrade and some anti-war organizations filed a complaint against the Russian ambassador to Serbia and the head of Serbia’s […]
If Western countries supply long-range weapons to Kyiv, it could lead to a dangerous escalation of the conflict between Russia and Ukraine. The Kremlin made this statement on Thursday. Kremlin spokesman Dmitry Peskov thus warns against the supply of “weapons capable of striking Russian territory”. “That is potentially very dangerous. […]
Tech group Microsoft will announce within a few days that it will cut thousands of jobs. British news channel Sky News claims this without clarifying the message’s source. It would be about five percent of the total workforce of more than 220,000 people. So that would mean that more than […]
Apple has been fined in Russia for requiring app developers to use the iPhone maker’s own payment system. According to the Russian competition watchdog, Apple is abusing its dominant market position. Incidentally, Apple has withdrawn from Russia after the Russian invasion of Ukraine. As a result, new apps can no […]
Gas prices can fluctuate wildly back and forth for years to come because there will be too little supply to meet all demand for a long time. Saad al-Kaabi, the energy minister of Qatar, made this prediction during a conference in the neighbouring United Arab Emirates. “We bring a lot […]
JPMorgan Chase, the largest bank in the United States, posted more profit in the past quarter. The bank benefited, among other things, from the higher interest rates, which resulted in a substantial increase in interest income. However, the financial group had to save more money for bad loans. These loans […]
The German concern Volkswagen (VW) sold fewer vehicles in 2022 for the third year in a row. Group sales totalled 8.26 million vehicles, the lowest level in eleven years, VW announced on Thursday. Sales of cars (with brands such as Volkswagen, Audi, Skoda, Seat and Porsche), buses and trucks (MAN, […]
Advertisers on Instagram and Facebook will soon no longer be able to target young people based on gender. Meta, the parent company of the platforms, has announced this. From February, companies that want to advertise specifically to young people will only be able to do so based on their age […]
