Business Blog

Meta laying off more than 11,000 employees: Read Zuckerberg's letter announcing the cuts

Meta is laying off 13% of its staff, or more than 11,000 employees, CEO Mark Zuckerberg told employees on Wednesday.

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Russia's hopes for a Republican landslide to hurt Ukraine are vanishing fast

While the U.S. midterm election results roll in, the vote count is being closely watched half way across the world by Ukraine and Russia.

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Hunt considers cutting threshold on top rate of UK income tax

Chancellor’s allies say revenue raising move is under active consideration ahead of his Autumn Statement

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Europe shows a united front against Biden's Inflation Reduction Act, says it threatens industry

There is a political consensus among EU finance ministers that Biden's inflation reduction act could harm European companies.

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Photos: How the US voted in the 2022 midterm elections

Election race saw all seats in the House of Representatives, 35 Senate seats and 36 governerships up for grabs.

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Brussels must do more to tackle EU energy crisis, says Czech minister

Jozef Síkela warns lack of action risks economic damage that would undermine support for Ukraine

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