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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.
Claims that the pensions triple lock benefits wealthier older people the most and should be overhauled have been slammed by campaigners.
The Financial Times focuses on anger at COP28, where oil-rich states have been accused of thwarting efforts to tackle the climate crisis.
Free Radical Design, the British studio whose founders created GoldenEye 007, is no more, as 80 staff lose their jobs two weeks before Christmas.
Reuters exclusively reported that Huawei Technologies’ (HWT.UL) new smart car software and components firm is set for a valuation of
The post Huawei’s new smart car firm valued up to $35 billion amid advanced stake talks appeared first on Reuters News Agency.
CITY AM – Stubbed Out The front page of the London business paper reports on…
Labour has enlisted 10 City of London advisers to help the party ditch its “sneering” image, the Financial Times reports.
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