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June 21, Swiss National Bank President Schlegel said that lowering interest rates below zero is a bolder move than lowering them above that level, suggesting that the central bank may be hesitant to take such a step. "We realize that negative interest rates are a challenge for many stakeholders in the economy," Schlegel said. "Negative interest rates also have a negative impact on savers, bankers, pension funds, etc. We are very aware of this. If we lower interest rates to negative values, the obstacles will certainly be higher than normal interest rate cuts." When asked about the possibility of the Swiss National Bank cutting interest rates at its next decision on September 25, Schlegel was reluctant to make a commitment, saying that officials would weigh data and forecasts at that time. Two days ago, the Swiss National Bank cut interest rates to zero in an attempt to prevent investors from pushing up the Swiss franc.On June 21, local time, French President Emmanuel Macron posted on his personal social media that France and its European allies will speed up the negotiation process on the Iranian nuclear issue. Macron said that he had a telephone conversation with the Iranian president and expressed his deep concerns about Irans nuclear program. Macron said, "My position on this issue is very clear. Iran must not have nuclear weapons, and Iran should provide sufficient guarantees to prove that its nuclear program is indeed peaceful."The U.S. Senate is considering repealing a rule that would have boosted the growth of fuel-efficient cars.On June 21, the Saudi Nuclear and Radiation Regulatory Commission issued a warning on its social media on June 20 that any armed attack or threat against nuclear facilities used for peaceful purposes by any party would violate the principles of the UN Charter, international law and the Statute of the International Atomic Energy Agency. Since June 13, Israel has launched large-scale air strikes on many parts of Iran, bombing Iranian nuclear facilities, which has aroused great concern from the international community.The Israeli military says it is currently attacking military infrastructure in southwestern Iran.

Pinterest Cuts Roughly 150 Staff

Aria Thomas

Feb 02, 2023 11:41

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Bloomberg News reported on Wednesday that Pinterest (NYSE:PINS) Inc is cutting off approximately 150 people, or less than 5% of its overall employment. Pinterest joins a flurry of technology companies that are laying off workers to save costs.


The digital search company that allows users to build online pinboards notified affected employees on Wednesday, according to a report quoting a source with knowledge of the company.


Not all teams inside the San Francisco-based corporation were hit to the same extent by the layoffs.


A corporate representative confirmed layoffs to Reuters, stating, "We're implementing organizational changes to better position us to deliver on our company priorities and long-term strategy." However, the official declined to confirm the amount of layoffs.


The spokesman stated that Pinterest will provide all affected workers with severance packages, benefits, and other services during the transition.