European heads of state are bracing themselves for a challenging two-day gathering to address the urgent matter of supporting Ukraine. However, internal divisions within the European Union (EU) are posing significant obstacles to any substantial actions in favor of Kyiv. At this critical juncture, Ukrainian President Volodymyr Zelenskyy has been tirelessly seeking aid in the
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In a decision that was widely expected, the Bank of England announced on Thursday that it will keep its main interest rate unchanged at 5.25%. This decision comes as the central bank aims to maintain a restrictive monetary policy for an extended period of time. Although some members of the Monetary Policy Committee (MPC) argued
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Adobe, the software giant, saw a sharp decline in its shares during extended trading on Wednesday, dropping more than 6%. The company’s underwhelming forecast for 2024 left investors disappointed. Despite beating estimates for its latest quarter’s earnings and revenue, Adobe’s guidance failed to meet Wall Street’s expectations. In the fiscal fourth quarter, Adobe’s revenue grew
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Etsy, the renowned e-commerce platform known for its handmade items and connections with local artisans, is facing significant challenges as it navigates a “very challenging” macro and competitive environment. In response to these difficulties, the company has made the difficult decision to lay off approximately 11% of its workforce, amounting to around 225 employees, during
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