Give truckers more time at rest stops . First, to our top story. Wework says job cuts will start this week. The struggling Office Sharing startup said that cuts will improve efficiency and accountability. Bloomberg has learned that about 2000 jobs will be eliminated, some 16 of weworks global workforce. Ellen huet joins us with more. What do we know about these layoffs and where it fits into their broader strategy of slimming down, if you will . Effort that has been going on in bits and pieces but it sounds like based on this new memo that the executive chairman sent this morning, it is going to start in earnest in the u. S. This week. They had already been starting to have some layoffs overseas and there have been some cuts in side businesses like meetup and other side businesses they owned, but it seems like maybe this week is going to be the big time. They had originally scheduled an all hands meeting for tuesday and another part of the memo says the meeting will be moved to friday.
Mutilation so after Britains High Court accepted it was powerless to prevent the home office from deporting a 10 year old deemed to be a risk of being forced to undergo the procedure. This is from moscow warm welcome to the program a full hour of news were kicking off this hour because later on were expecting the russian delegation to address the u. N. General assembly will bring that to you live were going to wind back a few hours 1st though the Russian Foreign minister has criticized the United States for failing to grant visas to members of moscows delegation to the Un General Assembly so the issue during talks with his american counterpart like on the sidelines of this years session lets go live to new york now r. T. Correspondent kelly. Had a glimpse into the meeting room a few hours ago but what do we know about the talks between the countrys top diplomat. Well the top. Between mike pompei o the u. S. Secretary of state and the Russian Foreign minister Sergei Lavrov were held beh
Generation keim. He resigned as parliamentary vice minister for Foreign Affairs after the raid. Prime minister Kishida Fumio says its regrettable that the situation has aroused the publics suspicion. He declined to discuss it further due to the ongoing investigation. But he says the government will continue to promote Renewable Energy policies. Japan Wind Development denies bribery. The company failed to join offshore wind Power Generation projects. The government held biddings for them between 2020 and 2021. Akimoto brought up the bidding process during a diet session in february of last year. He asked for evaluation standards to be reviewed. The government later changed them. Akimoto was involved in drafting a bill several years ago on promoting offshore wind Power Generation. He did not respond to questions from reporters when he returned to japan from an overseas trip on thursday evening. Two u. S. Navy sailors have been arrested and indicted on charges of leaking sensitive militar
With another rate hike likely. He is prepared for higher oil and gas prices and rates. As a matter of being prepared, the geopolitical situation is most concerning. The shine comes from luxury stocks as disappointing sales growth in china leads to a series of downgrades for the sector. Asmi shares drop after the chipmaker raises the top line target, but falls short of expectations from the street. Good morning. Lets get a check of the markets. You see the early hours of trading is a lot of red on the heat map. You coulcould say markets are grappling with the news from the Central Banks last week. Namely most of them are done with the rate hiking cycle the, but higher rates are here to stay with us. It has been a difficult couple days for the indices. We have china concerns and real estate sector down for another session. Concerns of evergrande and concerns of the auto strikes in the u. S. And a new one. The potential u. S. Shutdown as well. All of those things together is not making fo
We will bring you everything you need to know. Ed we will get the inside look into the Digital Asset industry as the Firm Announces it has raised 500 80 million for new funds. Caroline the ai startup raises 100 Million Dollars to further grow its business. We will have an exclusive conversation with the ceo. Lets check in on markets. We are all looking at what is happening in terms of the fed, the bank of england, the bank of japan as well. The twoyear yield ticking higher. Some nervousness about whether we are expecting a pause later this week. New york crude the Inflationary Pressure point. 92 a barrel, up one point 2 again. 1. 2 again. Even amid the caution and nerves, we are seeing a bid into bitcoin. We are seeing some outsized moves. Still above the 27,000. Ed there is a lot of news driving movers. Apple rallying up 1. 9 . They are trying to make sense of the early preorder data for the iphone 15. The market seems to like what it is seeing. He goes on sale september 22 in this co