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Business

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THE LATEST Business NEWS
Google axes 12,000 jobs, layoffs spread across tech sector

Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs.

US jobless claims rise to 286K, highest since October

The number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant disrupted the job market.

Google target in Justice Department antitrust lawsuit

The lawsuit marks the government’s most significant act to protect competition since its groundbreaking case against Microsoft more than 20 years ago.

Boeing woes grow as United drops 737 Max flights through June

The developments follow Boeing’s announcement Monday that it would halt Max production in January as it became increasingly clear that it still has many regulatory hurdles to clear. It did not say when production would resume.

Walmart to stop selling electronic cigarettes at all stores

Walmart says it will stop selling electronic cigarettes at its namesake stores and Sam’s Clubs following a string illnesses and deaths related to vaping.

More companies handing over tech for China access, report says

The number of foreign companies that feel compelled to hand over technology in exchange for Chinese market access — an issue that sparked President Trump’s tariff fight — has doubled since two years ago, says a report.

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