The US retail giant Target announced on Thursday that it is cutting 1,800 corporate jobs, a significant and painful restructuring that marks the company’s first major round of layoffs in a decade. The move is a clear and decisive signal from the company’s incoming leadership that it is prepared to take…
Alaska Airlines abruptly grounded its entire fleet of aircraft on Thursday, citing a major, system-wide information technology outage. The move has caused widespread disruption and is the latest in a string of similar technology meltdowns that have plagued the airline industry, raising serious questions about the fragility of the complex…
The latest round of US sanctions on Russia’s two largest oil companies could test the coherence of the OPEC+ strategy to gradually increase supply. In a move to compel Moscow to negotiate a peace agreement in Ukraine, the US has announced fresh sanctions against Russia’s two largest oil companies.On Wednesday, the…
European stocks opened in positive territory on Friday, with a wave of strong corporate earnings reports buoying market sentiment and helping investors look past a complex and often contradictory global backdrop. The gains build on a week of positive momentum that has seen regional indexes push steadily higher.The pan-European Stoxx…
The income loss for German women after childbirth is far more severe than earlier thought, as per a Reuters report that stated a new study the Leibniz Centre for European Economic Research (ZEW) and Tilburg University.Four years after giving birth, mothers earn nearly €30,000 less than women without children —…
Investors are bracing for a fresh round of volatility in the currency and bond markets in Argentina, before midterm elections on Sunday that will determine the course of President Javier Milei’s economic reform agenda. Though President Javier Milei isn’t on the ballot, the performance of his La Libertad Avanza party…
Piyush Pandey, the moustachioed maverick who transformed Indian advertising with his earthy storytelling and infectious joie de vivre, passed away on Thursday at the age of 70.A Padma Shri awardee and the face of Ogilvy India for over four decades, first as chairman and later as chief creative officer, worldwide,…
UK retail sales unexpectedly grew for a fourth consecutive month in September, a surprising show of resilience from the British consumer that provides a glimmer of hope for an economy that has recently shown signs of cooling.The volume of goods sold online and in stores climbed 0.5% month-on-month, the Office for National…
The European Union has charged Meta Platforms Inc. for allegedly failing to properly handle illegal content on Facebook and Instagram, marking the bloc’s first such accusation against a major social media company under its landmark Digital Services Act (DSA).The European Commission, the EU’s executive arm, said on Friday that Meta’s…
Intel shares jumped nearly 10% in Frankfurt and were up more than 8% in US pre-market trading on Friday after the chipmaker reported better-than-expected third-quarter results, marking its first profit after six consecutive quarters of losses. The company’s return to profitability was driven by aggressive cost cuts and renewed investor…