The latest business news around the world. Written by Market Business News's very own editorial team to deliver reliable, up to date, and honest news.

Threat of shutdown hits shares

Threat of shutdown triggered a fall in Dow Jones shares as the midnight deadline to resolve the deadlock looms closer and closer. Soon after opening, the Down Jones and S&P both fell by about 1%, and then recovered. According to…

Siemens to cut workforce by 15,000

German engineering and electronics conglomerate giant Siemens AG has announced it is to cut its workforce by 15,000 (4% of total) as part of its strategy to reduce costs. Siemens and its subsidiaries have about 360,000 employees in…