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Business
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.
Oil prices surged above $106 per barrel amid escalating US-Iran tensions in the Strait of Hormuz, following reciprocal vessel seizures. The increase represents a nearly 5% rise since late Wednesday, reflecting concerns over shipping disruptions in a key global energy transit route.
US liquefied natural gas exporters are poised to gain as markets plummet amid the Iran war: Markets are plummeting as the conflict escalates – but not every industry is affected.
Jeff Bezos to sell another $5bn of Amazon shares Amazon founder Jeff Bezos plans to…
Korean web comic giant set for $2.7bn market debut Webtoon Entertainment, the world’s largest webcomic…
VW to invest up to $5bn in electric vehicle maker Rivian German car giant Volkswagen…
Firm fined for selling China-made cars as Italian The Italian government has fined DR Automobiles…
Microsoft back as most valuable firm as Nvidia slips Nvidia has lost its position as…
Interest rates expected to be held at 5.25% On Thursday, the Bank of England is…
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