Business and Technology
The Business and Technology Section of IR Insider publishes breaking news reports and analyses regarding developments relating to the U.S. and World Economy. Topics covered may include the global debt crises, changes to tech and privacy policies, updates on U.S. foreign trade, and ratification of economic treaties and sanctions. Additionally, news and data on world financial markets and leading banking institutions will be discussed. The section editor is Elaine Lang.
Russia Announces Rate Hikes Amidst Budget Constraints and Geopolitical Conflicts
On Friday, Oct. 28, the Bank of Russia announced an interest rate hike by 200 basis points, raising the rate to 15 percent, higher than most experts' predictions. The announcement is the fourth consecutive rate hike from Russia in response to weak rubles, inflationary pressure, and increased government spending.
Apple Joins Fellow Tech Giants by Falling Victim to the Layoff Epidemic
In response to the post-pandemic hiring binge and fear of a slowing economy, tech giants have decided to cut back on thousands of jobs.
European Commission Reported Eased Eurozone Inflation Yet Higher Price
On Thursday, March 2, the European Commission's report indicated an eased inflation level in Europe from last month. However, the looming pressure on central bankers to raise interest rates still exists as the high prices have yet to show a sign of cooling down.