Analysis: Europic Inc. earnings season is a test for market optimism

LONDON (Reuters) – The upcoming company earnings season in Europe is more likely to present whether or not the renewed optimism in regards to the financial system that has boosted equities in latest weeks is on the bottom. The pan-European STOXX index (.STOXX) It has risen 6% for the reason that begin of the yr, … Read more

Microsoft will cut 10,000 jobs with concern about a recession in the cloud technology sector

DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Company (MSFT.O) On Wednesday, it stated it will reduce 10,000 jobs and cost $1.2 billion in charges, as cloud computing prospects reassess their spending and the corporate prepares for a possible recession. The layoffs, a lot bigger than the cuts Microsoft made final 12 months, are piling as … Read more