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- EPP pushes for EU-US trade deal discussions, Socialist chair insists on 19 May
- Laos detains hostel owner as investigation into methanol poisoning continues
- Sanctions target Hamas amid international criticism of Israel’s settlements
- Manchester’s Gay Village Sealed Off as Hotel Evacuated Following ‘Chemical Incident’
- Turkish Airlines plane catches fire upon landing at Kathmandu airport
- Keir Starmer pledges to restore hope and rebuild ties with Europe
- EU to approve sanctions on Israeli settlers, says Kallas
- Trump Rejects Iran’s Peace Proposal, Fuelling Escalation in Oil Prices
Business
The EU’s trade deal with South America’s Mercosur bloc has begun provisional implementation after 25 years of negotiations. This agreement forms one of the world’s largest free trade areas, encompassing 720 million consumers and aiming to reduce tariffs on over 90% of bilateral trade.
President Trump announced that the US blockade of Iranian ports is proving effective, urging Tehran to “just give up” amid escalating tensions. Iran’s Parliament Speaker dismissed the blockade’s impact, stating it has only increased global oil prices, while tensions in the Strait of Hormuz continue to disrupt markets.
Meta is laying off 8,000 workers, about 10 per cent of its workforce, to enhance efficiency and focus on artificial intelligence investments. Concurrently, Microsoft is offering voluntary buyouts to approximately 8,750 employees, marking a significant shift for the company amid industry-wide cost adjustments.
The European Union’s proposal for the EU-INC aims to create a single company structure to enhance cross-border growth for startups, addressing fragmentation in company laws. The initiative has gained support from over 23,000 in the tech startup community.
Original Factory Shop faces potential closure of all 137 stores, raising concerns about job losses and the future of discount retail in the UK.
In a bold move, the company invites employees to vote on potential layoffs, echoing the moral dilemmas of “Squid Game,” highlighting employee involvement in tough choices.
UK employment dips as wage growth stalls, signaling economic concerns. The shrinking workforce highlights the need for strategic policy shifts.
“I run Britain’s officially most f***ed pub – our rates are going up more than 600%! Rising costs threaten our survival and local community.”
In 2025, timely financial planning is crucial for the holiday season. The DWP has released important payment dates, ensuring families can prepare ahead. Don’t miss these updates to manage your festive budget effectively!
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