Ensuring an Equitable Employee Experience

The key to providing all your team members with the opportunity to thrive in your organization is ensuring an equitable employee experience. In other words, you must do everything you can to ensure every employee is happy with the work environment and willing to invest whatever effort is required. But what can you do to … Read more

Microsoft layoffs: Big job cuts reportedly coming

Microsoft layoffs: Big job cuts reportedly coming

New York/London CNN  —  Microsoft (MSFT) could announce thousands of job cuts on Wednesday, according to multiple news reports, potentially becoming the latest tech company to cull its workforce as the global economy slows. Sky News, without naming sources, reported the layoffs would affect roughly 5% of the company’s workforce. Microsoft employs 221,000 people around … Read more

Credit Suisse CEO says outflows have reduced ‘very significantly’ as overhaul progresses

Credit Suisse CEO says outflows have reduced ‘very significantly’ as overhaul progresses

Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse is seeing a sharp reduction in client outflows, as the embattled Swiss lender progresses with its major strategic overhaul, new CEO Ulrich Koerner told CNBC on Wednesday. The bank … Read more

Mortgage demand jumps, as interest rates drop to lowest in months

Mortgage demand jumps, as interest rates drop to lowest in months

The Good Brigade | Digitalvision | Getty Images Consumers returned from the holiday season to find mortgage rates at their lowest point since September, and they are responding in dramatic fashion. Mortgage application volume jumped nearly 28% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average … Read more

Exclusive: ECB union says staff losing faith in leadership over inflation, pay

Exclusive: ECB union says staff losing faith in leadership over inflation, pay

40% of ECB staff has low or no trust Two-thirds say confidence is damaged 63% worried about ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This Jan. 17 story has been corrected to restore the dropped words in paragraph 11) European Central Bank staff are losing confidence in the institution’s leadership following … Read more

BOJ defies market bets for policy tweaks, yen tumbles

BOJ defies market bets for policy tweaks, yen tumbles

BOJ keeps interest rate targets, yield band intact BOJ ramps up market operation tool, signal status quo on YCC Board raises inflation forecasts but cuts growth projections TOKYO, Jan 18 (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including a bond yield cap it was struggling to defend, defying market expectations … Read more

Asia-Pacific shares trade higher, BOJ makes no change to yield range

Asia-Pacific shares trade higher, BOJ makes no change to yield range

Bank of Japan’s Kuroda: No need to further expand bond target band Bank of Japan’s governor Haruhiko Kuroda said in an afternoon press conference on Wednesday that there is no further need to expand its yield curve control range, according to a Reuters translation. “We don’t need to further expand the band around our yield … Read more

PGE, Pacific Power electricity rates increase Jan. 1

PGE, Pacific Power electricity rates increase Jan. 1

Portland General Electric’s Beaver Power Plant has been in operation since 1974. Courtesy of PGE Many Oregonians can expect higher electricity bills starting on New Year’s Day. Oregon’s utility regulator on Thursday announced approved rate increases for Portland General Electric and Pacific Power customers, citing increased costs to produce and purchase electricity. “Unfortunately, fuel cost … Read more