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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 loss of nearly 2,000 jobs has been great for Microsoft’s share price, as details begin to come through about which teams are affected.
Property website Rightmove says it takes an average of 51 days to find a buyer if you list your home in February
CITY AM says Daily Royal Mail deliveries are vital to the UK economy and losing them could risk “real disruption” to the nation’s finances, MPs and business lobbyists have warned.
The Financial Times splashes on the news that Paris is pressing Britain to help fund nuclear power projects in the UK being built by the French government-owned energy company EDF.
A top think tank warns that tax cut promises in elections may need to be reversed due to severe economic challenges.
UK economy off to promising start in 2024 as business activity rises again The UK…
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