Economy

Amazon tells workers it will cut 16,000 jobs worldwide in second big wave of layoffs

Workers informed after message erroneously said affected employees in US, Canada and Costa Rica had already been told

Powell to face press for first time since open defiance of Trump

Federal Reserve Chairman Jerome Powell will face questions from reporters on Wednesday after disclosing a Justice Department investigation that he has blamed on an effort by President Donald Trump to influence interest rate policy.

Amazon slashing some 16,000 jobs in its latest layoff round

Updated on: January 28, 2026 / 6:40 AM EST / AP

U.S.-India trade talks could get a boost as America sees life going on without it

There could be a renewed push to conclude a U.S.-India trade deal, analysts say, as the White House sees other countries signing trade deals.

The ‘strongest currency on earth’ just hit an 11-year high

The Swiss franc is widely viewed as a safe haven asset, rising in value in times of geopolitical or macroeconomic uncertainty.

Why would anyone buy Lily Allen’s haunted house? I have an inkling ...

The Brooklyn townhouse is filled with spectres of her ill-fated marriage to David Harbour. But perhaps the buyer has some creative ideas

The EU-Mercosur deal shows what the US is leaving behind

This past weekend, the European Union signed a comprehensive free trade agreement with the Mercosur bloc comprising Argentina, Brazil, Paraguay, and Uruguay. This marks the culmination of more than a quarter-century of negotiations. When fully implemented, the pact will create one of the world’s largest free trade zones, encompassing more than 700 million people.

US dollar sinks to its lowest level in four years

Dollar drops against basket of currencies after Donald Trump brushed off concerns over slide

European chip stocks end lower after ASML earnings; LVMH falls

European stocks finished Wednesday lower as regional investors geared up for earnings season.

Why is Greenland so rich in natural resources?

Island’s mineral and resource wealth is result of mountain building, rifting and volcanic activity over 4bn years

Stable genius? How a defective ‘crying horse’ toy went viral in China

Toy becomes a popular symbol of workplace fatigue after manufacturing error gave it a frown instead of a smile

Boeing shares swing wildly on mixed results, but the turnaround is progressing

Production improvements, coupled with improving free cash flow, tell us the stock should move higher this year.