The Bank of England has struggled to get mortgage rates lower in spite of Bank Rate cuts

via notayesmanseconomics This morning the focus is back on the Bank of England and we cam start with something which will match the new autumnal mood for the weather at least for the research student presenting the morning meeting. “August saw a slight softening in the rate of annual house price growth to 2.1%, from …

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Japan sees GDP fall in spite of a surge in investment

via notayesmanseconomics: This morning the economic news has been made in the east in Nihon. Japan’s economy shrank for the first time in four quarters in the January-to-March period. Private consumption was virtually unchanged for the first three months of the year. The Cabinet Office released preliminary gross domestic product figures for the first three …

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Microsoft plans to lay off 1000 in spite of all time high stocks and profits

ANALYSIS Microsoft plans to lay off about 1,000 people across the tech giant, despite what CEO Satya Nadella described during the corporation’s April earnings call as “a record third quarter.” While reports have suggested Microsoft would cut as many 1,500 people just from its Azure for Operators group, The Register has been told that number is not accurate …

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