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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.
The chair of the Senate Banking Committee, Senator Sherrod Brown, wrote “Chinese electric vehicles are an existential threat to the American auto industry”.
ECB keeps interest rates unchanged but edges closer to potential rate cuts but is monitoring wage inflation
California, known for its economic prowess, may soon lose its bragging rights as the world’s…
Heathrow Airport has raised concerns about the impact of a new £10 fee for transit…
UK economy: No overall improvement for business in Q1 The UK’s economy hasn’t gotten better…
Hundreds of customers at one of the UK’s most popular broadband networks are struggling to get online this morning.
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