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LinkedIn cuts hundreds of jobs; CEO says economic opportunity is key societal issue
LinkedIn is cutting around 5% of its global workforce—roughly 875 jobs—across its Global Business Organization, marketing, engineering, and product teams. CEO Daniel Shapero broke the news in an internal memo, saying the Microsoft-owned platform needs to "reinvent how we work." The layoffs land despite a 12% revenue jump last quarter, with AI's role in the decision left conspicuously unspoken.
AI stock boom pushes Seoul's Kospi index over 8,000
South Korea's benchmark Kospi index topped 8,000 points for the first time Friday, buoyed by an artificial intelligence-driven boom in the country's semiconductor industry.The index briefly rose above the milestone in morning trade before falling back into the 7,900 range later in the session.It marked the latest high point in a meteoric rise for the Kospi, which was trading at around 2,600 points just a year ago.Samsung Electronics market value tops $1 tn on chip boomSouth Korea is home to tech...
Japan Producer Prices Jump by Most Since 2014, Backing BOJ Hike
Japan’s corporate goods prices surged in April by the most in 12 years, in another sign of how the war in Iran is boosting inflationary pressures and supporting the case for the Bank of Japan to raise interest rates.
IMF highlights ‘Gulf exposure’ as biggest external risk for Pakistan
ISLAMABAD: Following the release of a $1.1 billion tranche for Pakistan, the International Monetary Fund (IMF) has identified Pakistan’s economic exposure to the Gulf Cooperation Council (GCC) as its most acute external vulnerability. In its staff report, the lender warned that “the war weighs on the near-term outlook as Pakistan is highly exposed to energy imports and remittances from the Gulf countries as well as to global financial conditions”. According to the report, 81 per cent of Pakista...
Petrol, diesel prices: Check latest fuel rates in your city and state after Rs 3 increase
Fuel prices have surged across India, with petrol now exceeding Rs 110 per litre in several states and diesel nearing Rs 100 in many regions. This hike, averaging Rs 3 per litre, follows sustained pressure from elevated global crude oil prices, exacerbated by the West Asia crisis.
Restaurants turning back the clock to lure customers
Some restaurants are going retro to try to bring customers into dining rooms. Bradley Blackburn got a taste of how they
The PGA Championship Payday Is Big, But So Are The Taxes And Expenses
Professional golfers lead complicated financial lives, with prize money, endorsements, taxes owed to multiple states, and expenses ranging from travel to caddies.
JON HENDRY PICKUP: I'm the boss of Butlin's. The Government's senseless tax on holidays will impact families who can least afford it the most
JON HENDRY PICKUP: I’m the boss of Butlin’s. The Government’s senseless tax on holidays will impact families who can least afford it the mostBy JON HENDRY PICKUP Published: 01:01, 15 May 2026 | Updated: 02:22, 15 May 2026 e-mail 7 View comments
US Expects Dramatic Agricultural Purchases by China, Greer Says
US Trade Representative Jamieson Greer said he anticipates that China would commit to billions in American agricultural purchases, as Presidents Donald Trump and Xi Jinping complete their summit in Beijing.
Greer: A Lot of Success in Rebalancing Trade With China
United States Trade Representative Jamieson Greer talks about the results so far from the Trump-Xi summit, saying the meetings have already delivered tangible returns. He speaks with Bloomberg's Annmarie Hordern in Beijing. (Source: Bloomberg)
Petrol, diesel prices hiked by Rs 3 per litre effective immediately; check new list of rates
The Centre has repeatedly asserted that there is no fuel shortage in the country and no plan to introduce rationing of petrol, diesel or LPG despite disruptions in global energy shipments linked to the Iran conflict and the Strait of Hormuz crisis.
Greer: US, China Willing to Continue Trade Truce
Jamieson Greer, Trade Representative of the United States, signaled cautious optimism that US-China trade relations are stabilizing, with progress on agriculture purchases and rare earth supplies, though tariffs and supply chain issues remain. He speaks exclusively to Bloomberg's Annmarie Hordern, on the sidelines of the US-China summit in Beijing on "Bloomberg: The Asia Trade". (Source: Bloomberg)
Russia remains Kyrgyzstan’s strategic partner with $5 billion trade volume
Kyrgyz First Deputy Prime Minister Daniyar Amangeldiyev says the country is interested in cooperation and building a strategic partnership with the Republic of Tatarstan
Albanese government backs wage rise for millions of Aussie workers: How much more you could get paid
Albanese government backs wage rise for millions of Aussie workers: How much more you could get paidBy CAMERON CARPENTER, DEPUTY NEWS EDITOR, AUSTRALIA Published: 01:09, 15 May 2026 | Updated: 01:10, 15 May 2026 e-mail View comments
Australia’s housing affordability expected to worsen and homelessness soar under fossil-fuelled future
Rents will rise and homelessness quadruple in a decade unless serious steps to cut emissions are taken, University of Sydney researchers findFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastGlobal heating could worsen housing affordability, push up rents and quadruple homelessness in a decade without fairer housing policies and action to reduce emissions, new research has found.Home prices and rents in Australia are influenced by a...
A new personal finance experience in ChatGPT
Preview a new personal finance experience in ChatGPT for Pro users in the U.S. Securely connect your financial accounts and get AI-powered insights and guidance grounded in your financial context, goals, and priorities.
Americans increasingly relying on food pantries as prices outpace wages
Families are flooding back to food pantries across the country as prices are rising faster than paychecks for the first time in three years. Jason Allen reports.
Nigel Farage says £5million 'gift' from crypto billionaire was his reward for Brexit campaign
Nigel Farage says £5million ‘gift’ from crypto billionaire was his reward for Brexit campaignBy SOPHIE CHURCH - POLITICAL REPORTER Published: 00:33, 15 May 2026 | Updated: 00:33, 15 May 2026 e-mail View comments
Royal finances face a cut. But will much really change?
Royal finances face a cut. But will much really change?Just nowShareSaveAdd as preferred on GoogleSean CoughlanRoyal correspondentBBCRoyal finances can feel mysterious, like trying to see what's in a crowded room with very little light. The funding mechanisms are complicated, the language antiquated and much about the income remains under a padlock of privacy.But there are challenging months ahead. A funding cut is on the way, the first for many years.And in the wake of the scandal surrounding A...
PE Firm Lightrock Raises $500 Million for New Clean Energy Fund
Private equity firm Lightrock, which was spun out from Liechtenstein’s LGT Group, has raised a new $500 million fund to back businesses advancing access to affordable and clean energy in Asia and Africa.