India’s footwear, textile exports vulnerable to global slowdown: Report

[ad_1] Image for representational purpose only. | Photo Credit: Special Arrangement A slowdown in 2023 in advanced economies, especially the U.S. and the eurozone, is expected to make India’s footwear and leather products export trade vulnerable, said Crisil Ratings. “Domestic labour-intensive sectors such as textiles, footwear, and leather depend significantly on these two regions, making […]

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Soaring rent, food costs keep U.S. inflation on front burner

[ad_1] U.S. Labor Department report shows a measure of underlying inflation posting its biggest annual increase in 40 years U.S. Labor Department report shows a measure of underlying inflation posting its biggest annual increase in 40 years U.S. consumer prices increased more than expected in September as rents surged by the most since 1990 and […]

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Recession unlikely to hit India due to ‘not so coupled’ nature with global economy: Rating agency S&P

[ad_1] Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. […]

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U.S. Senate passes Biden’s mega health, climate bill; House to vote next

[ad_1] The U. S. Senate has approved President Joe Biden $740 billion economic package  — aka the Inflation Reduction Act  — after Vice President Kamala Harris cast the tie-breaking vote The U. S. Senate has approved President Joe Biden $740 billion economic package  — aka the Inflation Reduction Act  — after Vice President Kamala Harris […]

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U.S. economy shrinks for 2nd straight quarter, raising fears of a recession

[ad_1] The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the […]

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Apple to slow hiring, spending for some teams next year

[ad_1] The changes will not affect all teams, and Apple is still planning an aggressive product launch schedule in 2023 that includes a mixed-reality headset The changes will not affect all teams, and Apple is still planning an aggressive product launch schedule in 2023 that includes a mixed-reality headset Apple Inc intends to slow hiring […]

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Tesla’s run of record deliveries may be reaching the end of the road

[ad_1] Elon Musk’s crown jewel, Tesla, has grappled with production glitches in China and slow output growth at new factories in Texas and Berlin Elon Musk’s crown jewel, Tesla, has grappled with production glitches in China and slow output growth at new factories in Texas and Berlin Tesla Inc is expected to end its nearly […]

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Anticipating U.S. downturn, Elon Musk details Tesla staff cuts

[ad_1] Musk said the cuts would apply only to salaried workers, meaning a 3.5% reduction in total headcount, changes he described as “not super material” Musk said the cuts would apply only to salaried workers, meaning a 3.5% reduction in total headcount, changes he described as “not super material” Elon Musk, CEO of Tesla, said […]

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Musk backtracks on job cuts, says Tesla salaried staff to be ‘fairly flat’

[ad_1] Musk in an email to Tesla executives on Thursday said he has a “super bad feeling” about the U.S. economy and needed to cut jobs by about 10%. Musk in an email to Tesla executives on Thursday said he has a “super bad feeling” about the U.S. economy and needed to cut jobs by […]

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Joe Biden says U.S. recession not inevitable, pain to last ‘some time’

[ad_1] ‘This is going to be a haul,’ U.S. President says ‘This is going to be a haul,’ U.S. President says United States President Joe Biden said that he does not believe a economic recession in the U.S. is inevitable despite record high inflation and supply shortages partly caused by Russia’s invasion of Ukraine. Speaking […]

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