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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.
CITY AM SAYS The Bank of England will likely leave interest rates on hold for the fourth time in a row when it meets on Thursday this week, economists have said, as the UK economy teeters on the brink of recession.
China tightens stock market rules after sell-off To stem a persistent downturn in the world’s…
John Lewis planning major job cuts over five years John Lewis has announced plans for…
Reuters exclusively reported that Chinese military bodies, state-run artificial intelligence research institutes and universities have over the past year purchased
The post China’s military and government acquire Nvidia chips despite US ban appeared first on Reuters News Agency.
WTX Business exclusively reported that Japanese stocks have made a blazing start to 2024, surging…
Reuters exclusively reported that Tesla (TSLA.O), opens new tab has told suppliers it wants to start production of a new mass market
The post Tesla plans to build new electric vehicles in mid-2025 appeared first on Reuters News Agency.
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