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Snap Lays Off 20% of Employees and Restructures

Business NY Times - August 31, 2022

The maker of Snapchat discontinued some of its products and appointed a chief operating officer, amid financial struggles. » mehr lesen

Eurozone Inflation Sets the Stage for Another Big Rate Increase

Business NY Times - August 31, 2022

The European Central Bank, when it meets next week, is expected to raise interest rates again to curb eurozone inflation, which just set a record. » mehr lesen

Russia Halts Natural Gas Flows to Germany Again

Business NY Times - August 31, 2022

Gazprom said the Nord Stream 1 pipeline would undergo three days of maintenance, raising worries about a complete shutdown of Russian gas deliveries to Germany. » mehr lesen

Bed Bath & Beyond Secures a Financial Lifeline

Business NY Times - August 31, 2022

The retailer confirmed that it has taken out more than $500 million in new financing as it seeks to shore up its struggling business. » mehr lesen

Eurozone Inflation Reaches 9.1 Percent, Driven by Prices for Energy and Food

Business NY Times - August 31, 2022

The rate, a fresh record, came as nine countries registered double-digit inflation in the year through August. » mehr lesen

Legacy Black-Owned Businesses Get a Reboot

Business NY Times - August 31, 2022

Brands like Fashion Fair and Madam, founded with the goal of serving Black communities, faded at the end of the last century. Now, they’re being revived with similar missions in mind. » mehr...

Russia begins shutting down natural gas flows to Germany again.

Business NY Times - August 31, 2022

Gazprom said the Nord Stream 1 pipeline would undergo three days of maintenance, raising worries about a complete shutdown of Russian gas deliveries to Germany. » mehr lesen

Job Openings Picked Up in July, Showing the Labor Market Remains Hot

Business NY Times - August 31, 2022

Even with the Fed raising interest rates, employers are still eager to hire. » mehr lesen