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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.
China car firms seek 25% tax on EU – state media Chinese car companies are…
City AM – Finally the England wine summer arrives Lead story The English wine industry…
FT – Russia scours China for second-hand machine tools needed to make arms Lead story …
KEY POINTS London becomes Europe’s largest stock market again The UK’s main stock market has…
Apple makes a blunder and now admits its mistake by ending its in-house buy now,…
Martin Lewis warning to London renters – you could be owed thousands The rental market…
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