July 1, 2023
Crisis-hit Pakistan strikes $3bn IMF bailout deal
Crisis-hit Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) over $3bn (£2.4bn) of funding. The deal, which still needs to be approved by the global lender's board, comes after an eight-month delay. The South…
June 27, 2023
UK Supermarkets under pressure to explain high prices
Supermarket executives will be questioned by MPs on Tuesday over why food prices are still rising as some wholesale costs are falling. The UK's biggest grocers - Tesco, Sainsbury's, Asda, and Morrisons - will face a parliamentary committee examining…
June 22, 2023
Elon Musk and Mark Zuckerberg agree to hold cage fight
Two of the world's most high-profile technology billionaires - Elon Musk and Mark Zuckerberg - have agreed to fight each other in a cage match. Mr. Musk posted a message on his social media platform Twitter that he was "up for a cage fight" with Mr…
June 20, 2023
Amazon, Hilton and Pepsi to hire thousands of refugees in Europe
Amazon has pledged to hire 5,000 Ukrainian and other refugees in Europe as part of a wider drive to help people fleeing persecution. Hilton Hotels, Adecco, and Microsoft are also among the firms promising to offer work or career support. It comes as…
June 16, 2023
Branson to launch space tourism flights this month
Sir Richard Branson's space tourism company Virgin Galactic says it will launch its first commercial flight before the end of this month. The firm is targeting a launch window for the flight, which is called Galactic 01, from 27 June to 30 June.…
June 13, 2023
US inflation rate continues to fall
Prices for eggs used cars and furniture in the US dropped in May, helping to slash inflation to less than half of its peak a year ago. Inflation, the rate at which prices rise, was 4% over the 12 months to the end of May, the Labor Department said.…
June 11, 2023
Australian airline relaxes gender-based uniform rules
Australian airline Qantas has relaxed its gender-based uniform rules, allowing male employees to wear makeup and have long hair. Its new style guide means female employees will no longer have to wear makeup and heels while on duty. Last year, an…
June 7, 2023
CNN chief Chris Licht out after just 13 months
The chief executive of CNN has stepped down after just 13 months in the job. Chris Licht had been under pressure after a recent article about him in the Atlantic magazine, for which he provided an unusual level of access, raised questions about his…
June 6, 2023
Linda Yaccarino replaces Elon Musk as Twitter boss
Linda Yaccarino, the new boss of troubled social media firm Twitter, has started the role earlier than expected. Ms. Yaccarino, previously head of advertising at NBCUniversal, joined days after Twitter lost its second head of trust and safety. Elon…
June 2, 2023
US adds 339,000 jobs in May
Job creation in the US remained robust last month, despite rising prices and a sharp spike in borrowing costs weighing on the economy. Employers added 339,000 jobs, but the unemployment rate rose to 3.7%, from April's unusually low 3.4%. The gains…