The 5 business news to remember this Friday morning

2023-05-19 06:57:00

Tsunami alert in New Caledonia, the coast evacuated by the police

A powerful earthquake of magnitude 7.7 occurred Friday in the Pacific Ocean southeast of New Caledonia, triggering a tsunami warning, announced the American Institute of Geophysics (USGS).

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After Vodafone, BT is also cutting its workforce with an axe: 55,000 jobs will be cut by 2030

On Thursday, the British telephony group announced the elimination of 55,000 jobs by 2030 in order to “considerably” reduce its costs. A decision which is part of a plan already underway and which has made it possible since April 2020 to achieve “2.1 billion pounds” of gross savings. In a difficult context for the sector, this announcement follows that of Vodafone, two days earlier, which will cut 11,000 jobs.

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European natural gas prices at two-year low

Thanks to the temperatures and sufficient stocks, the demand for natural gas and its price are falling in Europe to levels not seen since 2021. European states will for the first time make group purchases of gas.

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Oil: the production of “pariah” states at their highest

Russia, Iran and Venezuela show high crude production, despite Western sanctions.

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United States: standoff over raising the debt ceiling, Biden pushed to use the 14th amendment

Congress has still not voted to raise the American debt ceiling, the Republicans hoping to obtain in exchange substantial cuts in public spending. For their part, some Democratic senators are pushing Joe Biden to invoke the 14th Amendment to the Constitution to issue state bonds even without a vote from Congress. Joe Biden, however, is confident regarding reaching an agreement, as is the leader of Republicans in Congress Kevin McCarthy.

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