Plus, Prince Harry accuses William of a physical attack
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Ukraine pleads with allies to send tanks, Pope Francis leads Benedict's funeral, and British shoppers defy the cost-of-living crisis by Linda Noakes |
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Representative Jim Jordan listens to House Republican Leader Kevin McCarthy on the second day of the 118th Congress at the U.S. Capitol, January 4, 2023 REUTERS/Jonathan Ernst |
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An ice arena that was destroyed by a missile strike is pictured in Druzhkivka, Ukraine, January 4, 2023. REUTERS/Clodagh Kilcoyne |
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Alana Gomez-Solis, Communications and Content Specialist at Samsung Electronics America, speaks during a news conference at CES 2023 in Las Vegas, January 4, 2023. REUTERS/Steve Marcus | |
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- Samsung Electronics' quarterly profit will likely plunge 58% to its lowest in six years as a global economic downturn saps demand for electronic devices. The world's biggest maker of memory chips, smartphones and TVs is a bellwether for global consumption trends.
- Amazon.com layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note. Meanwhile, Salesforce said it plans to cut jobs by 10% and close some offices, after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown.
- General Motors reclaimed the top spot in U.S. auto sales from rival Toyota in 2022 as it was able to better meet strong demand for cars and trucks despite industry-wide supply disruptions.
- All officials at the Federal Reserve's December 13-14 policy meeting agreed the U.S. central bank should slow the pace of its aggressive interest rate increases, allowing them to continue increasing the cost of credit to control inflation but in a gradual way meant to limit the risks to economic growth.
- Britons spent more than expected over Christmas, Next, one of the country's biggest clothing retailers said, in a sign that resilient shoppers helped the High Street dodge a cost-of-living crisis that threatened to hit festive sales.
- FTX's former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm's collapse, a source familiar with the matter said, adding pressure on founder Sam Bankman-Fried who was arrested on criminal fraud charges last month.
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A ski center is seen in Sarajevo, Bosnia and Herzegovina, January 4, 2023. REUTERS/Kirsten Donovan |
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