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Meta layoffs: More than half of job cuts are in two US states
Meta is cutting thousands of jobs, focusing on software developers and middle managers. This restructuring aligns with CEO Mark Zuckerberg's vision for a leaner company. The layoffs are driven by Meta's substantial investment in artificial intelligence. California and Washington are most affected. Other departments like data science and product management also saw reductions.
Hugo Boss shares jump as it says it will ‘thoroughly examine’ Frasers offer
Mike Ashley retail group made near-€2bn takeover bid for fashion house, in which it already has 26% stakeBusiness live – latest updatesShares in Hugo Boss jumped nearly 7% on Thursday after it said it would “thoroughly examine” a near-€2bn takeover offer from Sports Direct owner Frasers Group.Mike Ashley’s fashion and sportswear group has pounced on the German fashion house, of which it already owns just over 26%, saying late on Wednesdaythat it was offering to pay about €1.98bn (£1.73bn) to tak...
UK risks 'higher costs and greater energy insecurity' by weakening electric car targets, report warns
Experts have criticised the UK automotive industry's calls for a review of electric car targets, suggesting that more support needs to be provided for the transition away from petrol and diesel.The Zero Emission Vehicle (ZEV) mandate outlines that manufacturers must have a minimum percentage of sales come from electric cars, with a 33 per cent target by the end of this year.Targets will continue to change every year, before reaching 80 per cent of cars and vans by the end of the decade and 100 p...
Gold is now the top reserve asset. Is dollar dominance at risk?
Gold now accounts for 27% of global reserve holdings, overtaking US Treasuries as the world's largest reserve asset.
'Don’t be surprised if your employees turn against you': Palantir CEO message to Altman
Palantir CEO Alex Karp cautions tech leaders against publicizing AI-driven job cuts, warning it could provoke backlash from employees, voters, and policymakers. He suggests such pronouncements risk fueling opposition and strengthening calls for tech regulation. Karp himself acknowledges Palantir uses AI for efficiency but plans to boost revenue without significant workforce expansion.
Opinion: Opinion: Courage Or Folly? Inside Rahul Gandhi's Big Madhya Pradesh Gamble
How the Congress chose confrontation over compromise, even at the risk of going one down in the Rajya Sabha
Drivers warned car finance scandal payouts could be delayed until 2027 amid legal challenges
Millions of drivers waiting for compensation over mis-sold car finance could now face delays until 2027, according to the UK's financial watchdog.The Financial Conduct Authority (FCA) has warned that legal challenges against its compensation scheme mean payments are unlikely to begin next year as originally planned.In a letter to Treasury Committee chair Dame Meg Hillier, FCA Chief Executive Nikhil Rathi said tribunal hearings linked to the legal challenges are not expected before October 2026....
'LPG well covered, crude not a problem': How much energy supplies is India left with?
Indian refiners have secured sufficient crude oil and LPG supplies to last through August and mid-July respectively, mitigating concerns from the ongoing Middle East crisis. Purchases from ADNOC and other suppliers, including significant crude acquisitions from the UAE and Brazil, have bolstered inventories. India and the UAE are also expanding strategic oil reserves to enhance energy security.
Antonio Gracias: Elon Musk's Friend Set To Be Billionaire After SpaceX IPO
Antonio Gracias, one of Musk's closest business allies, is set for a major payday as SpaceX heads to the public markets.
Dubai Chamber of Commerce, MOCCAE organise workshop to strengthen ESG reporting practices - Emirates 24|7
Dubai Chamber of Commerce, MOCCAE organise workshop to strengthen ESG reporting practices Emirates 24|7
Dubai Chamber of Commerce, MOCCAE organise workshop to strengthen ESG reporting practices - Emirates 24|7
Dubai Chamber of Commerce, MOCCAE organise workshop to strengthen ESG reporting practices Emirates 24|7
30 million barrels of oil storage: India, UAE work to expand strategic reserves
As India moves to strengthen its energy security amid persistent geopolitical risks in the Middle East, New Delhi and Abu Dhabi have started implementing initiatives announced during PM Modi's visit to the UAE last month.
Credit Card Spending Tops Rs 1.5 Lakh Crore, Savings Shrink. Trouble Ahead?
Financial planners say a growing number of cardholders pay only the minimum amount due on their monthly credit card bills.
Jeff Bezos' ex-wife MacKenzie Scott 'donated' more than anyone since 2012
Mackenzie Scott, a prominent philanthropist and ex-wife of Jeff Bezos, has donated $26.4 billion in less than seven years, including $7.2 billion in 2025 alone. Her significant contributions, often unrestricted, have notably supported historically Black colleges and universities. Scott's impactful giving has earned her a spot on Forbes' Iconoclast 50 list.
Indian-Origin Financier Mahender Makhijani Used Sex Parties To Defraud US Bank Of $100 Million
According to the US Internal Revenue Service (IRS), Makhijani falsified title insurance records, concealed true lien positions, and used a network of shell companies to mislead a federally insured bank.
Gold, silver price: Will precious metals continue to tank? Check outlook for today
Gold and silver price prediction today: Gold prices are seeing a bearish structure with the downtrend in place. Silver prices are trading cautiously, though with a negative bias, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.
Siblings To Hang, Mother Gets Life For Murder Of Hyderabad Pensioner
Investigators also uncovered digital evidence showing that the accused had searched online and watched videos on "painless" killing methods before committing the crime.
'Saying goodbye to our colleagues': Opendoor shuts India operations, hundreds lose jobs
American digital real estate firm Opendoor is ceasing its India operations, impacting its nearly 250 employees in the country. CEO Kaz Nejatian confirmed the move, stating it's part of a strategic shift to bring roles closer to American customers under the new Opendoor 2.0 model. This decision, driven by technological advancements and streamlining, is not a reflection of employee performance
Trump asked if he is concerned about latest inflation numbers. His answer: 'I love it'
President Trump expressed an unexpectedly positive view on recent inflation data, "loving" the rise in consumer prices despite it being the fastest annual pace in over three years. He attributed the increase primarily to energy costs linked to the Iran conflict, claiming his administration's actions would stabilize oil markets and ease inflationary pressures.
Punjab draws excess water as Sindh and Balochistan face severe shortages
LARKANA: Water shortages in Sindh and Balochistan are deepening as Punjab continues to draw excess water, threatening the downstream provinces’ agricultural activities and drinking water supplies. According to data from the Sukkur Barrage Control Room on Wednesday, the total upstream inflow at Sukkur Barrage was recorded at 50,620 cusecs, while the total withdrawal stood at 32,120 cusecs. Irrigation department sources and representatives of growers and millers stated that the combined water al...