Economy

'Copycat founders' imitating Elon Musk in laying off employees: Ashneer Grover

‘Copycat founders’ imitating Elon Musk in laying off employees: Ashneer Grover

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‘Copycats’ imitating Musk in laying off employees: Ashneer Musk laid off nearly half of Twitter employees, in addition to laying off thousands of contract workers IANS, New Delhi, 20 November 2022, 08:27 updated: November 20, 2022, 08:32 Former BharatPe founder Ashneer Grover has joined the impassioned Elon Musk-Twitter takeover drama, saying “copycat founders” are now …

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FOCUS: East Asian chipmakers see high-tech decoupling from China inevitable

FOCUS: East Asian chipmakers see high-tech decoupling from China inevitable

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Major players in the East Asian semiconductor supply chain appear to consider it inevitable for them to decouple from China in high-tech industries involving sensitive technologies, given concerns over the rapid pace of Beijing’s military modernization. The United States is taking the lead in building a “Chip 4” alliance with Taiwan, South Korea, and Japan …

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Black Friday could lose its shine as football and inflation hit online sales

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The words Black Friday used to conjure up images of frantic shoppers rushing to shops and online stores to grab as many bargains as possible. This year it’s likely to be a more low-key affair, with non-essential spending set to drop due to cost-of-living pressures and distractions from the Men’s FIFA World Cup. Britons are …

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The Observer’s take on the ongoing UK financial crisis in Russia – oh come on, Jeremy Hunt | Observer Editorial

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Brittany is impoverished. Independent forecasts from the Office for Budget Responsibility released last week predicted a 7% drop in living standards over the next two years – an average of £1,700 per household, wiping out eight years of growth. Real wages will not return to the levels they were before the 2008 financial crisis until …

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Inflation increases cost of menstrual products on top of 'pink tax' and pandemic

Inflation increases cost of menstrual products on top of ‘pink tax’ and pandemic

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Decades-high inflation is the big economic story of 2022, making it difficult for American consumers to afford essential supplies, including vintage goods. Menstrual hygiene, which was already facing cost increases due to state taxes (i.e. the so-called “tampon tax”), was also affected by inflation over several foreheads. According to data from analytics firm NielsenIQ and …

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Meet Queen Caroline and other characters in FTX's stunning Collapse

Meet Queen Caroline and other characters in FTX’s stunning Collapse

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Caroline Ellison, CEO of Alameda Research, Tweet image below Inside Sam Bankman-Fried’s Doomed FTX Empire The Wall Street Journal Takes a Look Inside Sam Bankman-Fried’s Doomed FTX Empire It’s a free link. Here are some excerpts. The emerging picture of what went wrong suggests that the crypto empire was a mess almost from the start, …

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"It's the extinction of crypto": Peter Schiff predicted the financial crash of 2008 - now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes

“It’s the extinction of crypto”: Peter Schiff predicted the financial crash of 2008 – now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes

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“It’s the extinction of crypto”: Peter Schiff predicted the financial crash of 2008 – now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes With the massive pullback in cryptocurrency prices and the collapse of crypto exchange FTX, the term “crypto winter” is now in the …

“It’s the extinction of crypto”: Peter Schiff predicted the financial crash of 2008 – now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes Read More »