Economy
World / Countries / MNCs
San Francisco: Music streaming service company Spotify announced on Monday that it will lay off about 6 percent of its global workforce, impacting some 600 employees. more
Report shows Kenya’s reliance on China proves to be a sour experience

Nairobi: Kenya's over-dependence on China is slowly leading to trouble, experts believe.

Economic slowdown may force workers into ‘lower quality’ jobs

New York: Finding a decent and well-paid job is likely to be harder this year, thanks to the continuing global economic downturn, the UN labour agency said on Monday.

China registers second-lowest annual economic growth rate in decades

Beijing: China's economic state witnessed one of its slowest growths in several decades amid COVID-19 infection surge in recent times.

Food prices decline in December following ‘two very volatile years’: FAO

New York: World food prices declined for the ninth consecutive month in December, though many commodities are still at record highs, the Food and Agriculture Organization (FAO) reported o ...

Fast food giant McDonalds likely to make job cuts: Reports

Washington: Fast food titan McDonald's is planning to cut some of its corporate staff, CNN reported citing a company memorandum.

Video hosting platform Vimeo announces 11 percent layoff of employees

Video hosting platform Vimeo has announced 11 percent layoff of its employees.

China's reopening policy fails to save mutual fund industry for another year: Reports

Beijing: China's reopening policy has arrived too late and this has failed to save the country’s mutual fund industry from another dismal year, media reports said on Saturday.

Arab region registers world’s highest unemployment rate, UN survey finds

New York: According to the latest UN survey, released on Friday, the Arab region registered a 12 per cent unemployment rate in 2022, the highest in the world.

China: Shrinking working-age population may hit global economy

Beijing: China's working age population, which is defined as those aged between 15 and 64, has declined from the peak of 997 million in 2014 to 986 million last year, media reports sa ...