The European Union's electricity sector has warned that Spain's reform plan for the region's power market could lead to higher costs for consumers.
SAP, a German enterprise software company, announced on Thursday that it will be cutting up to 3,000 jobs, or about 2.5% of its workforce. This makes SAP the latest tech giant to announce significant layoffs.
According to economists, the U.S. GDP is expected to grow at a rate of 2.3% per year in the fourth quarter of 2022. This would be a slight increase from the previous quarter's growth rate of 2.2%.
Stock performance has been lackluster after earnings reports, which is disappointing for a market that was expecting strong results.
India’s oil processors are willing to buy more Russian crude if the price is right, said refinery executives, potentially providing a bigger outlet for Moscow almost a year after its invasion of Ukraine.
Overnight on Tuesday, the conservative media network Newsmax was dropped by DirecTV, prompting the news organization to accuse the satellite service of politically motivated censorship.
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