Microsoft Announces Workforce Reduction of Up to 4% in Latest Layoffs Microsoft has confirmed plans to reduce its workforce by up to 4%, affecting approximately 9,120 jobs. This decision follows the company’s previous cuts in May, which impacted around 6,000 employees, and additional reductions in June involving about 300 positions. The tech giant, which employed […]
Microsoft Announces Layoffs of 9,000 Employees in Latest Job Cuts Microsoft has announced it will lay off approximately 9,000 workers, representing just under 4% of its global workforce. This decision is part of ongoing efforts to streamline operations and adapt to a dynamic marketplace. “We continue to implement organizational changes necessary to best position the […]
In the evolving landscape of artificial intelligence (AI), major tech companies like Apple and Meta are making significant moves to stay competitive. Recent reports indicate that Apple is exploring the use of external AI technologies to enhance its Siri assistant, potentially shifting away from in-house development. This strategy reflects a broader trend where tech giants […]
Sam Altman Criticizes Meta’s AI Recruitment Drive OpenAI CEO Sam Altman has responded to Meta’s recent recruitment of several top researchers from OpenAI, accusing the tech giant of acting “in a way that feels somewhat distasteful.” In an internal message to staff, Altman claimed that Meta was settling for second-tier hires rather than the “top […]
LONDON – Global stocks are showing slight gains, while the U.S. dollar remains weak, hitting three-year lows against a basket of currencies. Federal Reserve Chair Jerome Powell has indicated that the central bank is not in a hurry to raise interest rates, despite pressure from President Donald Trump. With the July 9 deadline for tariffs […]
Merger of French and Swiss Business Software Firms Heralds New Unicorn ZURICH – A merger between French business software provider LumApps and its Swiss peer Beekeeper will create a new unicorn valued at approximately $1.1 billion, the companies announced. The deal, expected to close this month, is supported by British private equity group Bridgepoint, which […]
ABB is launching three new families of factory robots designed specifically for China, aiming to capitalize on the rising demand for automation among mid-sized companies. These machines will operate in sectors such as electronics, food and beverage, and metals, performing tasks like polishing and placing products around production lines. Sales in China’s mid-market robotics segment, […]
Northeast Asia sent the most jet fuel to Europe in nearly a year in June, with 350,000 metric tons (2.8 million barrels) of aviation fuel heading to Europe from South Korea and China, according to Kpler data. Some estimates put the total at 465,000 tons for bookings made in June. These shipments are expected to […]
Oil futures showed minimal change on Wednesday as markets assessed the potential for increased supply from major producers next month, a softer U.S. dollar, and mixed economic indicators from the U.S., the world’s largest oil consumer. Brent crude rose by 2 cents to $67.13 a barrel at 0345 GMT, while U.S. West Texas Intermediate crude […]
SINGAPORE – Australia’s BHP Group has signed contracts with China’s COSCO Shipping for the charter of two ammonia dual-fuelled Newcastlemax bulk carriers. The mining giant announced that the two vessels are expected to be delivered from 2028 and will be chartered for five years. They will primarily be used to transport iron ore from Western […]
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