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Boss apologises for firing 900 workers over a Zoom call

The CEO of mortgage company Better.com has apologised for firing 900 of his employees on a Zoom call. The video of Vishal Garg announcing the layoffs went viral online, and he has now published a statement admitting he "blundered" through the move, and that the manner of his announcement "made a difficult situation worse." Also today, Turkey's President appeals for patience over his economic policies, as Turks face spiralling inflation and a plunge in the value of the lira.

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Eurozone inflation hits record 8.9% despite better-than-expected growth

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia's war in Ukraine, but the economy still managed better-than-expected, if meager, growth in the second quarter.

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European Central Bank hikes interest rates in race to tame runaway inflation

The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped growth considerations, even while the euro zone economy reels from the impact of Russia's war in Ukraine.

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Pandemic, slow recovery set back gender parity ‘by a generation’

The pandemic and a weak economic recovery have pushed back progress on closing the gender gap around the world. Saadia Zahidi, Managing Director of the World Economic Forum, says that issues including family care policies, an increasingly digital economy, and ongoing struggles in certain industries have all been setbacks for women. The WEF Global Gender Gap Report 2022 now projects it will take 132 years to reach gender parity.

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