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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.
Red Sea attacks could shrink economy, warns Treasury Ongoing attacks on shipping in the Red…
UK economic growth rebounds in November The UK’s economy rebounded in November after shrinking during…
Get 2024 started on the right financial footing.
‘We’re possibly talking thousands back for many.’
The Financial Times reports that Rishi Sunak has promised a new law “within weeks” to overturn the convictions of sub-postmasters and sub-postmistresses involved in the Post Office Horizon scandal, the paper describes the legislation as “unprecedented”.
Tesco and M&S report strong Christmas sales Retail giants Tesco and Marks & Spencer have…
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