Delays in building the final stretch of the high-speed railway HS2 to Euston Station in central London will mean extra costs and potentially even higher spending, a government spending watchdog has warned. Transport Secretary Mark Harper announced earlier this month that “inflationary pressures” will cause delays to the construction of key parts of HS2. He…
Delays to HS2’s Euston Leg May Lead to Higher Spending, Watchdog Warns
Tech Firms Leading Job Cuts in Corporate America
January 8, 2023
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Business & MarketsCompaniescuteconomiceconomyemployeeinflationInflationaryjobsMedia & Big Techrecession
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Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Persisting inflation leading to interest rate hikes, weak consumer demand, and an economic slowdown in China have forced firms from Amazon to Walt Disney and banks to trim their workforce….
Tech Firms Lead Job Cuts in Corporate America
January 8, 2023
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Business & MarketsCompaniescuteconomiceconomyemployeeinflationInflationaryjobsMedia & Big Techrecession
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Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Persisting inflation leading to interest rate hikes, weak consumer demand, and an economic slowdown in China have forced firms from Amazon to Walt Disney and banks to trim their workforce….
Ottawa to Invest Nearly $1 Billion in Dental Care for Children
The federal government is investing nearly $1 billion in a dental care program for children under the age of 12 from uninsured families. Federal ministers announced the interim dental program in a press conference on Sept. 20. The program is part of Bill C-31, a bill that introduces a series of cost-of-living relief measures. The…
Musk Says Tesla, SpaceX Face ‘Significant’ Inflationary Pressure
March 14, 2022
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Business & EconomyCompanieseconomyElon MuskEuropeinflationInflationarypressureRussia-Ukraine WarSpaceXTechteslaUSUS NewsVideoWorld
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Tesla Inc. Chief Executive Officer Elon Musk said the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics. Musk in a tweet on Sunday also asked about inflation rate outlook and said his companies “are not alone,” retweeting an article saying the Ukraine-Russia conflict sent commodity…
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