Us Economy

Hewlett Packard (HP) plans to cut thousands of jobs over the next three years as the slumping world economy continues to embroil the US tech sector. With the layoff of as many as 6,000 employees, the global PC maker said it aimed to secure $1.4 billion in annual savings through 2025.

China became the first major economy to launch a digital currency in 2021.

Amazon founder Jeff Bezos's advice that consumers keep cash safe and avoid unnecessary spending has reconfirmed fears of the US economy slipping into recession.

The rupee has weathered a storm in the face of heavy selling by foreign institutional investors, monetary policy tightening by the US Fed, and the ongoing war in Ukraine which led to high international oil prices.

The US Department of Treasury on Friday removed India along with Italy, Mexico, Thailand and Vietnam from its Currency Monitoring List.

The rupee rose sharply on Friday, reversing losses in the previous session as the dollar took a hit.

Stock Market India: Equity benchmarks rose sharply on Friday, tracking the biggest rally in Wall Street stocks since 2020.

Finance Minister Nirmala Sitharaman and visiting US Treasury Secretary Janet Yellen will discuss a host of issues of mutual interest, including climate finance on Friday here.

The rupee weakened on Thursday, pulling back from sharp gains in the previous session.

Stock Market India: Equity benchmarks fell on Thursday ahead of key US inflation data, tracking a sea of red in global stocks.

US President Joe Biden will stick to his efforts to develop a greener economy even if Republicans win the midterm elections on Tuesday, his climate envoy John Kerry said at COP27.

Large-scale layoffs in the US may have spooked techies in India. But the global downturn is likely to boost the domestic job market and trained talents are likely to find many takers, IT industry experts have said.

The unemployment rate in the US rose to 3.7 percent in October, even as the number of non-farm jobs increased by 2,61,000 to 6.1 million.

Rupee Today: The domestic currency weakened further against a resurgent dollar on Thursday.

Stock Market India: Equity benchmarks extended losses from the previous session to slump in early trade on Thursday.

Hewlett Packard (HP) plans to cut thousands of jobs over the next three years as the slumping world economy continues to embroil the US tech sector. With the layoff of as many as 6,000 employees, the global PC maker said it aimed to secure $1.4 billion in annual savings through 2025.

China became the first major economy to launch a digital currency in 2021.

Amazon founder Jeff Bezos's advice that consumers keep cash safe and avoid unnecessary spending has reconfirmed fears of the US economy slipping into recession.

The rupee has weathered a storm in the face of heavy selling by foreign institutional investors, monetary policy tightening by the US Fed, and the ongoing war in Ukraine which led to high international oil prices.

The US Department of Treasury on Friday removed India along with Italy, Mexico, Thailand and Vietnam from its Currency Monitoring List.

The rupee rose sharply on Friday, reversing losses in the previous session as the dollar took a hit.

Stock Market India: Equity benchmarks rose sharply on Friday, tracking the biggest rally in Wall Street stocks since 2020.

Finance Minister Nirmala Sitharaman and visiting US Treasury Secretary Janet Yellen will discuss a host of issues of mutual interest, including climate finance on Friday here.

The rupee weakened on Thursday, pulling back from sharp gains in the previous session.

Stock Market India: Equity benchmarks fell on Thursday ahead of key US inflation data, tracking a sea of red in global stocks.

US President Joe Biden will stick to his efforts to develop a greener economy even if Republicans win the midterm elections on Tuesday, his climate envoy John Kerry said at COP27.

Large-scale layoffs in the US may have spooked techies in India. But the global downturn is likely to boost the domestic job market and trained talents are likely to find many takers, IT industry experts have said.

The unemployment rate in the US rose to 3.7 percent in October, even as the number of non-farm jobs increased by 2,61,000 to 6.1 million.

Rupee Today: The domestic currency weakened further against a resurgent dollar on Thursday.

Stock Market India: Equity benchmarks extended losses from the previous session to slump in early trade on Thursday.