Meta CEO Mark Zuckerberg says the company is implementing layoffs due to rising artificial intelligence spending and warns that additional job cuts may follow.

BoC's Macklem warns of possible consecutive rate hikes if energy prices fuel broad inflation. He says if higher energy costs lead to generalized inflation, the policy rate may need to rise consecutively.

Bank of Canada Governor Macklem stated that if higher energy prices start leading to ongoing generalized inflation, the central bank may need to implement consecutive increases in the policy rate.

The Bank of Canada holds its policy interest rate at 2.25%, matching market expectations.

The Bank of Canada has maintained its policy interest rate at 2.25%, a decision that aligns with market expectations.

India Finance Ministry warns supply shocks from Middle East war are hitting domestic demand, calling it a 'serious concern' in monthly review.

India is facing supply shocks from the war in the Middle East, and the resulting hit to domestic demand is a serious concern, the Finance Ministry said in its monthly economic review.

U.S. gas prices hit a fresh record since the start of the war with Iran, rising to an average of $4.23 per gallon, according to AAA.

U.S. gas prices have reached a new record high since the onset of the war with Iran, with the national average rising to $4.23 per gallon, according to AAA.