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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 US Treasury Secretary Janet Yellen arrives in Beijing on Saturday for a high-level visit.…
US airline regulators have opened an investigation after an engine cowling on a Boeing 737-800 fell off during take-off and struck a wing flap. The flight returned safely to Denver International Airport at about 08:15 local time after originally departing to Houston.
Disney+ plans Netflix-style password sharing crackdown Disney+ is preparing to follow in the footsteps of…
Profits for Samsung Electronics are expected to jump by more than 10-fold compared to a year earlier. The news comes as prices of chips have recovered from a post-pandemic slump and demand for artificial intelligence (AI) related products booms.
McDonald’s is to buy back all its Israeli restaurants after a boycott of the fast-food chain in response to the Israel-Hamas war. The company said it had reached an agreement with Alonyal for the return of 225 outlets across the country employing 5,000 people.
Amazon has announced layoffs affecting hundreds of employees in its cloud computing division.According to its latest financial report, Amazon Web Services (AWS) has experienced significant growth, now contributing 14% to Amazon’s overall revenue.
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