March 23, 2023
Meta will focus on restructuring the organization as well as canceling lower priority projects and reducing hiring, CEO Mark Zuckerberg said in a blog post on Tuesday. The move came after the company said it would cut its workforce by another 10,000 employees following a cut announced last November. The company previously announced that it
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Investors lowered interest rate expectations in response to a jump in unemployment, lower wages and worries about the collapse of the Silicon Valley bank, and most are now forecasting a 0.25 percentage point rise from the Federal Reserve this month. Just this week, investors have been betting that the Fed will step up its pace
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The UK economic outlook for this year has improved, with analysts predicting a smaller cut in output than before due to falling energy prices and better-than-expected business and consumer sentiment. In December and January, economists had expected gross domestic product to fall 1 percent this year, according to Consensus Economics, which polls top forecasters. However,
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Australian media columnist Sophie Ellsworth says the “inner city” media is not “reaching out” enough to smaller communities like Alice Springs. “That’s what The Australian did and they told what’s going on there,” Ms Ellsworth told Sky News anchor Andrew Bolt. “This led to the fact that the rest of the media had to follow
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Yves is here. Articles like this are annoying. They are of the opinion that demographic growth is necessary because the world’s population was largely static before the Industrial Revolution. Moreover, given the scarcity of natural resources, advanced and middle-income countries would need to adapt to zero/negative population growth. It’s also no secret that China is
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A “Wolf Micromoon” will light up the night sky on Friday night, marking the first full moon of the year. This rare display occurs when the Moon is at its furthest point from Earth, at 251,910 miles, making it smaller for people on earth. A micromoon is about seven percent smaller than average, and a
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Over the past few months, Indian employment tech startups have seen their businesses drop as most startups have slowed recruitment and some have laid off employees. Now companies like the Masai School, Simplilearn and Relevel are rethinking their approach and bringing in non-tech firms to fight the downturn. Also in this letter:■ Clients of IT
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US stocks rose on Wednesday after a speech by Federal Reserve Chairman Jay Powell in which he suggested it might be appropriate to slow down the pace of interest rate hikes in December, but otherwise reaffirmed the central bank’s clear commitment to root out inflation. Stocks have gone green, Powell said, with the underlying Wall
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HYPERMARKETS and supermarkets appear to be losing money as Filipinos looking to buy essentials such as packaged groceries, toiletries and other consumables are choosing to go to smaller, more nearby stores to cut costs, according to the local arm of analytics firm Kantar. said. In an online presentation, Kantar Philippines director of consumer research Loris
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Collingwood captain Steph Ciocci said all AFLW finals should be played “on the best available pitch” as the league continues to be heavily criticized for giving in to Richmond’s desire to play its semi-finals this weekend at Punt Road Oval. The decision was criticized on several fronts, including that the venue only seats 2,000 people.
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