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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.
Australia’s newest budget airline – Bonza – has gone into voluntary administration, after cancelling all of its flights on Tuesday. The airline’s financial difficulties have left thousands of passengers stranded around the country. “We apologise to our customers who are impacted by this and we’re working as quickly as possible to determine a way forward that ensures there is ongoing competition in the Australian aviation market,” Bonza said in a statement.
Deliveroo users have been left to go hungry this evening, as the food delivery app is reporting thousands of outages throughout the UK and abroad.
From eleven-year-old activists to rural farmers, ordinary people around the world are taking on oil giants – and winning.
X – aka Twitter – goes down for thousands of users across the UK Social…
Mercedes Unveils Fastest Accelerating AMG Model Yet: The GT 63 S Coupe Mercedes has just…
Electric car company Tesla has cut its prices in a number of major markets – including the US, China and Germany – as it faces falling sales. The move comes after it reported a sharp fall in its global vehicle deliveries in the first three months of this year.
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