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India's TCS, Infosys See Revenue Dips On Client Spending Cuts

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U.S. inflation higher than expected in December, as food and rent rise

Higher rents and food prices boosted overall U.S. inflation in December, a sign that the Federal Reserve's drive to slow inflation to its 2% target may be a bumpy one. The Consumer Price Index grew at an annual rate of 3.4%, according to the latest report from the Labor Depart, a 0.1% rise from the 3.1% annual inflation in November, and 0.2% more than the 3.2% economists expected. Excluding volatile food and energy costs, so-called core prices rose just 0.3% month over month, unchanged from November's increase. Core prices were up 3.9% from a year earlier, down a tick from November's 4% year-over year gain. Economists pay…

See how the prices have changed for popular grocery items

Family grocery bills have been on the rise with higher prices for some items, such as ground beef, and lower prices for others, such as eggs. But unless shoppers are taking notes, it can be hard to really see which items are seeing the biggest spikes. NBC News is monitoring the average point-of-sale prices and how much those prices have changed since December 2022 for six popular supermarket items: orange juice, eggs, chicken breasts, fresh ground beef, bacon and bread. Readers can use this interactive chart to see how the price they have paid for groceries differs from the national average or from the prices shoppers paid in other…

Why Home Office visa plans will be ‘nail in the coffin’ for UK hospitality

What do you call an Italian restaurant that doesn’t serve pizza? During the 2022 Edinburgh fringe, Gusto’s restaurant in the city sounded like the punchline to one of the comedy festival’s jokes. Pizza wasn’t on the menu at the Italian restaurant because it had no maestro to wield the pala , the long-handled tray used to ferry the dough in and out of the kitchen’s searing-hot oven . “The fringe is our busiest month in Edinburgh but we had to close two days a week and couldn’t sell pizza,” says Gusto’s chief executive, Matt Snell. “Pizza chef is a skilled job and we could not find one. Our sales were a third of what they would…

When your colleagues are also your rivals

T he modern company exalts both competition and co-operation. Competition is the defining feature of markets; inside organisations, too, employees compete for limited resources. Sometimes that contest is obvious, as when performance is openly ranked or there is a race for a specific job. Sometimes it is left unspoken: there is only so much money to go round and only so many promotion opportunities on offer. Either way, competition is always there. Yet the reason firms exist is to co-ordinate the activities of many actors in pursuit of common goals. Departments and teams are expected to work together. Collaborative behaviour is…