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- Euronews to air flagship morning programme at 8 am Brussels time
- Mall of Louisiana shooting leaves one dead and five injured, police say
- US-Israeli War on Iran to Push 30 Million into Poverty, UN Warns
- Real Madrid Face Real Betis in La Liga Clash to Narrow Barcelona Lead
- Meta to Lay Off 8,000 Workers as Microsoft Offers Buyouts to 8,750
- Oil Prices Surpass $106 Amid US-Iran Tensions in Strait of Hormuz
- At least 17 injured in train crash near Copenhagen, four in critical condition
- French MEP criticises EU’s “Made in Europe” law for broad foreign scope
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 FT reports that President Donald Trump’s return to the White House has “put more than £300bn of potential federal infrastructure funding at risk”.
CITY AM says Further tax rises or spending cuts look increasingly likely after the latest borrowing figures, but there were a few silver linings for the Chancellor.
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