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Month: July 2022

US officials say ‘biggest fear’ has come true as Russia cuts gas supplies to Europe

By Natasha Bertrand, CNN The Biden administration is working furiously behind the scenes to keep European allies united against Russia as Moscow further cuts its energy supplies to the European Union, prompting panic on both sides of the Atlantic over potentially severe gas shortages heading into winter, US officials say. On Monday, Russia’s state-owned gas

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Shopify to cut 10% of staff after making ‘wrong’ bet about pandemic online shopping boom

By Catherine Thorbecke, CNN Business Shopify will lay off approximately 10% of its global staff after making the “wrong” bet on how long the pandemic-fueled surge in online shopping would continue, the CEO of the Canadian e-commerce company announced Tuesday. The cuts span divisions including recruiting, support and sales, according to CEO Tobi Lutke in

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