Bloomberg Tech

The league looks to grow its investment portfolio with another startup.

Apple Inc. is still planning to unveil its first mixed-reality headset this year, but an even more important follow-up product — lightweight augmented-reality glasses — has been postponed due to technical challenges.

Here’s a running list of the companies planning layoffs. 

Microsoft Corp. said it plans to cut 10,000 jobs, or about 5% of its workforce, taking steps to cope with an increasingly bleak outlook that has now bruised many of the technology industry’s biggest names.

For the first time on record, cash in circulation in Africa’s largest economy dropped ahead of elections following the central bank’s decision to redesign high-value naira notes.

Elon Musk is willing to give up profits to keep the carmaker growing.

It’s as close to a sure-thing bet as markets ever offer. When the S&P 500 falls 20% or more, a recession is close behind. But economists whose dour calls for 2023 are being informed by this signal should look deeper into last year’s rout before betting the farm on it.

Brussels is coming under pressure from European business to respond to the US’s multi-billion dollar clean energy subsidy plan or risk losing investment and falling behind in the green energy revolution.

(Bloomberg) — The world’s governments stand to increase their collective tax revenues by about $250 billion a year by enacting a deal to rewrite the rules for multinational corporations, according to new estimates from the OECD.