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- Freediver explores Strait of Hormuz amid ongoing military tensions in region
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- Meta to Lay Off 8,000 Workers as Microsoft Offers Buyouts to 8,750
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.
UK government borrowing costs continued rising on Wednesday, and the value of sterling dropped as investors recalibrated their views on the UK economy.
European leaders warned Donald Trump not to meddle with the continent’s borders on Wednesday, a day after the president-elect refused to rule out taking Greenland by force.
The Ministry of Economy, Employment and Digital Transformation, through the General Directorate of Business, launches…
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