US consumer spending ends 2022 on weaker grounds; slowing inflation

Consumer spending fell 0.2% in December personal income increases by 0.2%; The savings rate rose to 3.4%. Core PCE price index rose 0.3%; 4.4% increase year on year WASHINGTON (Reuters) – U.S. consumer spending fell for the second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation … Read more

French workers are striking nationwide, saying “not” to reform Macron’s pension system

Police fire tear gas on the outskirts of a Paris protest The government wants to raise the two-year retirement age to 64 Railways, schools and refineries are among those affected Macron’s reformist credentials are at stake Opinion polls show broad opposition to pension reform PARIS (Reuters) – French workers went on strike and marched across … Read more

Microsoft will cut 10,000 jobs with concern about a recession in the cloud technology sector

DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corporation (MSFT.O) On Wednesday, it said it would cut 10,000 jobs and charge $1.2 billion in profits, as cloud computing customers reassess their spending and the company prepares for a possible recession. The layoffs, which were much larger than the cuts Microsoft made last year, add to the … Read more

Davos 2023: Global recession in 2023 seen as likely in World Economic Forum survey

DAVOS, Switzerland (Reuters) – Two-thirds of leading public and private economists surveyed by the World Economic Forum expect a global recession in 2023, the organizer of the Davos Forum said on Monday, as business and government leaders gathered. its annual meeting. About 18% considered a global recession “highly likely” — more than double that of … Read more