The US economy grows more than expected

The US economy did better than expected at the end of last year, despite higher borrowing costs and rising cost of living. The economy grew at an annual rate of 2.9% in the last three months of 2022. IBM has become the latest tech company to announce layoffs. The software and consulting firm has said it will cut 3,900 jobs. One of India's biggest companies, the Adani Group, says it's considering taking legal action against a US investment firm, Hindenburg Research, that's raised concerns about its finances. The US company alleged that the Adani Group had improperly used offshore tax havens and that some of its key listed companies had substantial debt. The Adani Group has denied the allegations.