Business

US Job Market Remains Strong Despite Economic Woes

According to the Labor Department, employers in the US added 253,000 jobs to their payrolls in April, resulting in an unemployment rate of 3.4%....

Caribbean Islands Once Owned by Jeffrey Epstein Sold to US Investor

The Caribbean islands of Great St. James and Little St. James have been sold to US investor Stephen Deckoff for $60m. Once owned by...

Shopify Shifts Focus to AI and Sells Logistics Arm to Flexport

Canadian e-commerce platform Shopify has announced that it is cutting 20% of its workforce and selling most of its logistics business to supply chain...

US risks economic catastrophe if Congress fails to raise federal borrowing limit, warns White House report

A failure by Congress to raise the US federal borrowing limit could lead to the loss of almost eight million jobs and trigger an “immediate,...

Cognizant Plans to Lay off 4,000 Employees to Reduce Costs

Cognizant, the US-based IT services company with a significant presence in India, has announced plans to lay off around 4,000 workers, which amounts to...

US Allows Chinese Airlines to Increase Weekly Round-Trip Flights to 12

The US Transportation Department has recently announced that it will permit Chinese airlines to increase their US passenger services from the current eight weekly...
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