Nike to lay off 1,400, majority cuts in tech team; COO says 'not a new direction'
Nike is laying off 1400 employees globally, primarily in its technology division, as part of its 'Win Now' plan to streamline operations and ensure long-term growth. The company is modernizing its technology, manufacturing, and supply chain, consolidating key hubs and improving integration. Affected employees will receive direct communication and support.
Stock market crash: Why have Sensex, Nifty dropped over 1% in trade today? Top reasons
Technology stocks bore the brunt of the selling. Shares of Infosys, HCLTech, Tech Mahindra and Tata Consultancy Services fell between 2 per cent and 4 per cent after Infosys’ fourth-quarter results failed to meet market expectations.
Volkswagen's Cisek on China Business
Volkswagen is accelerating its China strategy by deepening partnerships with local technology and electric vehicle makers, including Xpeng, as it faces intensifying competition and a prolonged price war. The company is pushing greater localisation across manufacturing, R&D and product development to shorten vehicle cycles and cut costs. The strategy comes as China’s auto market shifts toward replacement buyers and faster innovation, putting pressure on foreign carmakers to adapt quickly. Robert...
American Express Sees Strong Card Spending, Higher Costs
American Express Co. plans to boost spending on marketing and technology and said its customers’ spending on air travel has been slowing. Romaine Bostick discusses his interview with American Express CEO Stephen Squeri on "Bloomberg Open Interest." (Source: Bloomberg)
The Carbon Removal Market Was Built On One Customer. Now What?
InnovationSustainabilityThe Carbon Removal Market Was Built On One Customer. Now What?ByPhil De Luna,Contributor.Forbes contributors publish independent expert analyses and insights. I’m a materials scientist building technology to decarbonize industryFollow AuthorApr 23, 2026, 09:33am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.NEW YORK, NY - JUNE 24: People walk past the front entrance to a Microsoft office building...
'I'm a scam expert - even I fell for this simple trick that's targeting every Brit'
'I'm a scam expert - even I fell for this simple trick that's targeting every Brit'Even experts get caught - investigative journalist Kaf Okpattah shares how a single click lost him his account, and why every Brit is now a target for the new generation of cyber scammers.TechnologyAimée Walsh Columnist and U35 Deputy Editor08:00, 23 Apr 2026View 2 ImagesKat Okpattah spoke to The Mirror about the prevalence of scams plaguing BritsMost people in the UK will have, at one point or...
Morrisons, Asda and Co-op to roll out new label technology which could lead to 'price hikes'
UK supermarkets including Morrisons, Co-op and Asda are rolling out electronic shelf labels (ESLs) that could enable real-time price changes, raising concerns over instant price hikes and the cost of living
Consumers Warm Up To AI, Will Trust Follow?
InnovationEnterprise TechConsumers Warm Up To AI, Will Trust Follow?ByJoe McKendrick,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Joe McKendrick covers how technology moves markets and careersFollow AuthorApr 22, 2026, 10:04pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Can AI handle it?gettyMake way for unattended, autonomous systems, right? Actually they have been with us f...
Tesla's profits beat expectations, but Elon Musk says big costs are ahead
Tesla's profits were up from this time last year. But the company warned investors to prepare for expensive investments in next-generation technology like humanoid robots and AI.(Image credit: Jenny Kane)
Earn Rs50,000 through CM Internship Program 2026
Must ReadPakistanEarn Rs50,000 through CM Internship Program 2026By Web Desk-Apr 22, 2026LAHORE: Punjab Information Technology Board (PITB) has opened candidate registrations for the second cohort of the Chief Minister IT Internship Program. The initiative aims to strengthen the IT industry by connecting skilled graduates with leading IT companies, fostering a job-ready digital workforce across the province. The program now accepts applications from eligible graduates for structured, hands-on in...
How AI tools ‘killed’ this almost $15 billion company in less than 4 years
Chegg, a major education technology firm, faces near extinction due to artificial intelligence. Once valued at billions, its stock has plummeted. Students now use free AI tools like OpenAI's ChatGPT for homework help, bypassing Chegg's paid services. The company has also sued Google over AI-driven search summaries impacting its traffic.
Biotech-led boom as 8 China firms flock to Hong Kong’s thriving stock market
Eight mainland China-based companies – five of them biotech firms – passed listing hearings on the Hong Kong stock market in April, clearing the way for them to tap the city’s deep liquidity. The influx, including an AI-driven drug discovery firm, a driverless technology developer and a maker of industrial robots, comes as the China Securities Regulatory Commission (CSRC) has been pushing private firms to list in Hong Kong. The market regulator has required companies that established so-called.....
DMCC launches Uptown Dubai twin office towers
Dubai: Dubai Multi Commodities Centre (DMCC) announced the launch of new commercial towers in Uptown Dubai, adding more than 560,000 square feet of luxury office space as demand from finance and technology firms gathers pace.The twin developments — One Uptown Place and Two Uptown Place — will take the district’s total commercial office space beyond 1 million square feet. Leasing is expected to open in the second half of 2026, with completion scheduled for the first quarter of 2028.Sign up for ou...
Mediclinic City Hospital reinforces leadership in robotic-assisted surgery
Mediclinic City Hospital continues to strengthen its position in robotic-assisted surgery, combining advanced surgical expertise, ongoing innovation and a strong focus on patient education. As part of its commitment to increasing awareness of surgical innovation, the hospital hosted a display of robotic surgical system, giving patients the opportunity to engage with the technology and better understand how robotic-assisted surgery supports modern, minimally invasive care.With the highest number...
UAE jobs: 56% of employers plan to expand their workforce, says new report
The UAE has ranked first globally in hiring intent for 2026, with 56 per cent of employers planning to expand their workforce, new data from human capital firm Taaeen Group shows.Across the Gulf, more than five million private sector jobs are expected to be created by 2030, driven by growth in technology, artificial intelligence, healthcare, and energy.The figures come as Gulf governments accelerate economic diversification, with the UAE and Saudi Arabia investing heavily in smart cities, clean...
Microsoft must face $2.8 billion UK lawsuit over cloud computing licences
Science & TechnologyMicrosoft must face $2.8 billion UK lawsuit over cloud computing licencesBy Reuters -Apr 22, 2026LONDON: Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon, Google and Alibaba, a London tribunal ruled on Tuesday. Competition lawyer Maria Luisa Stasi is bringing the case on behalf of nearly 60,000 businesses that run Windows Server on rival cloud platform...
FASCANO closes $10 million round to enhance F&B operations across the region
Oman-based foodtech FASCANO has closed its third investment round at $10 million. The round included participation from His Highness Sayyid Dr. Kamel bin Fahd Al Said and Cyfr Capital, in partnership with the Future Fund Oman under the Oman Investment Authority. Founded in 2021 by Ahmed Al Kharusi and Murak Al Muairki, FASCANO provides operational and technology solutions for the hospitality and food & beverage sector, focusing on improving efficiency and streamlining processes. Th...
Saudi IT Firm to Press Ahead with IPO Despite War Uncertainty
Saudi Arabian information technology services firm Dar Al Balad Business Solutions Co. is pressing ahead with plans to list on the kingdom’s stock exchange despite the disruptions caused by the regional conflict.
German central bank chief calls for wide access to Anthropic’s Mythos
Anthropic has rolled out a preview of Mythos to a select number of companies and some organisations that build or maintain critical software infrastructure, prompting calls for wider access to the technology.
Jeff Bezos’s wife Lauren Sanchez is giving away $10 billion for husband’s climate pledge
Jeff Bezos's $10 billion Earth Fund, co-led by Lauren Sanchez Bezos, is accelerating its mission to combat climate change and biodiversity loss by 2030. With billions still to allocate, the fund is backing a diverse portfolio including nature protection, sustainable agriculture, and climate technology, aiming for measurable global impact.