Business news
- Layoff announcements this year top 1.1 million, the most since 2020 when pandemic hit, Challenger says - The firm said layoff plans totaled 76,835 in November, a step down from October but still enough to bring the 2025 total up to 1.17 million.
- Nvidia has a cash problem -- too much of it - Nvidia's recent slew of billion-dollar checks highlight the company's growing cash pile.
- Meta faces Europe antitrust investigation over WhatsApp AI policy - The European bloc has launched an antitrust investigation into the social media giant over its WhatsApp AI policy.
- RFK Jr.'s vaccine panel to vote on changing hepatitis B shot recommendation for babies - The current recommendation for babies to receive a hepatitis B shot within 24 hours of birth is credited with driving down infections in kids by 99%.
- Europe's plan to use $105 billion of frozen Russian assets tantamount to war, says Russia's Medvedev - It follows fresh proposals by the European Commission to unlock $105 billion to support Ukraine.
- Ukraine, trade, pandas: What China's Xi and France's Macron discussed in Beijing - China said it is open to importing more high-quality goods from France while urging a "fair, conducive environment" for Chinese businesses in the European nation.
- Inside Europe’s biggest rare earths factory on Russia's doorstep - Developed by Canada's Neo Performance Materials, Europe's largest rare earths facility sits in Estonia's border city of Narva.
- Software startup deploys Singapore’s first quantum computer for commercial use - Singapore-based software firm Horizon Quantum Computing has become the first private firm to deploy a quantum computer for commercial use in the city-state.
- Asia markets mostly rise after Wall Street gains on rate-cut hopes fueled by weak jobs data - The ADP report is the last jobs picture the Federal Reserve gets before it meets Dec. 9-10. Markets are now pricing in an 89% chance of a cut.
- Bank of Japan faces a policy dilemma as government bond yields keep hitting new highs - Experts said the rise in yields is due to inflation running above target, hawkish remarks from the Bank of Japan and an expansionary fiscal policy.