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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.
Retail sales for November rose by just 2.7% compared with a 4.2% surge at the same time last year.
Reuters was first to report Meta Platforms’ (META.O) paid no-ads subscription service launched in Europe this month faced one of
Spotify cuts almost 1,600 jobs amid rising costs Streaming giant Spotify is to cut almost…
Gold hits record-high Gold has climbed to a record high for the second session in…
THE ECONOMIST says for the first time since Vladimir Putin invaded Ukraine on February 24th 2022, he looks as if he could win.
FT says EU leaders risk leaving Ukraine empty-handed at a perilous moment in its war against Russia as divisions over finances threaten a €50bn lifeline.
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