Holger Scheibe | The Image Bank | Getty Images The rate of job cut announcements at U.S. employers in November was more than five times greater than a year ago, according to a report by Challenger, Gray & Christmas. Overall, U.S.-based firms announced 76,835 job cuts in November, led by the …

Brexit has added more than £200 to the average U.K. household food bill, according to a new study from the London School of Economics. Nathan Stirk | Getty Images News | Getty Images Brexit boosted Britons’ average food bills by £210 ($254) over two years, according to a new study …

The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Kroger on Thursday raised its forecast for the year after its third-quarter earnings topped Wall Street expectations, with inflation continuing to push up the prices that shoppers pay for groceries like milk, eggs and other items. …

European oil sanctions are due to kick in on December 5. The idea is to reduce oil revenues for Russia given its war in Ukraine. Andrey Rudakov | Bloomberg | Getty Images Upcoming sanctions on Russian oil are set to be “really disruptive” for energy markets if European nations fail …

President Cyril Ramaphosa during a pre-World Economic Forum breakfast briefing on January 18, 2018 in Johannesburg, South Africa. Moeletsi Mabe| Sunday Times | Gallo Images | Getty Images South African President Cyril Ramaphosa could face impeachment after an independent panel found that he may have violated anti-corruption law during the …

Customers dine in at a McDonald’s in Guangzhou on Dec. 1, 2022, a day after the city eased Covid restrictions on restaurant operations. Yin Hon Chow | CNBC BEIJING — A trickle of changes around China’s Covid controls in the last 24 hours has raised hopes that broader relaxation is …

ACCRA, GHANA – NOVEMBER 05: Ghanaians march during the ‘Ku Me Preko’ demonstration on November 5, 2022, in Accra, Ghana. People took to the streets of Ghana’s capital to protest against the soaring cost of living, aggravated since the Russian invasion of Ukraine Ernest Ankomah/Getty Images The U.S. Federal Reserve’s …

The Chinese government is unlikely to introduce new regulations for the internet tech sector and there could be more support going forward, according to Jonathan Krane of KraneShares. “I think we’ve seen peak regulation,” he told CNBC’s “Squawk Box Asia” on Wednesday. He said the rules introduced in recent years …

In the past year, movements like “the Great Resignation,” “quiet quitting” and “bai lan” have become hot topics, prompting many employees to reexamine what work means to them. More of such conversations have been taking place on Reddit, according to statistics from the social news aggregator. The top trending keywords …

An aerial of the Strategic Petroleum Reserve storage at the Bryan Mound site seen on October 19, 2022 in Freeport, Texas. The main casualties who will suffer the brunt of high energy prices is neither the United States nor Europe — but emerging and developing nations, said the head of …