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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 New figures out on Friday are expected to show that the economy contracted in the third quarter, raising the possibility that the UK is already in a recession.
‘People are struggling this year and as these results suggest, some household budgets are becoming severely stretched.’
Rishi Sunak to unveil North Sea annual oil and gas licensing bill FT says New…
British Steel plans to shut furnaces putting up to 2,000 jobs at risk More than…
Tyson Foods recalls US nuggets after metal pieces found US meat processor Tyson Foods says…
The Financial Times reports that Rishi Sunak is set to unveil a bill to allow the ability to grant new licences to drill for more North Sea oil and gas.
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