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Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. Brent crude futures dropped 63 cents, or 0.7%, to $95.14 a barrel by 0420 GMT, after slipping 1.2% on Friday. U.S. West Texas Intermediate (WTI) crude was at $87.43 a barrel, down 47 cents, or 0.5%, after settling down 1.3% on Friday. "The purchasing managers' index (PMI) data contracting adds to the post-China congress ...
Oil slips on China COVID curbs, weak factory activity data
Alphabet and Google CEO Sundar Pichai aims to make the company 20 per cent more efficient hinting at job cuts, as the tech giant cancelled the projects at its in-house research and development (R&D) division called Area 120. Addressing the gathering at the Code Conference in the US, Pichai said that the more the company tries to understand the macroeconomic conditions, it feels very uncertain about it. "The macroeconomic performance is correlated to ad spend, consumer spend and...
Google slashes R&D projects as Pichai to make company 20% more efficient
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