Monday, May 4, 2026
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Tag: economic downturn

Microsoft to axe 10,000 jobs amid US tech downturn

WASHINGTON—Microsoft on Wednesday said it would lay off 10,000 employees in the coming months as the economic downturn continues to punish US tech giants. The...

US recession unlikely, says Janet Yellen

NEW YORK, United States—The United States is unlikely to suffer an economic downturn, despite sky-high inflation, US Treasury Secretary Janet Yellen said Thursday. “There’s nothing...

Lawyers: Repeal emergency state

Sri Lanka’s influential lawyers’ body Saturday urged the president to repeal a state of emergency, which was imposed after a general strike brought the...

Hunger, economic downturn amid COVID-19

"The bad news does not end there."     The bad news just doesn't seem to stop coming. The latest survey by the Social Weather Stations shows that...
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