Google is searching for ways to reassure people that it is still out in front in the race for the best artificial intelligence technology. And so far, the internet giant…
Category: Business News
USA: Amazon to axe 18,000 jobs as it cuts costs
Amazon plans to cut more than 18,000 jobs, the largest number in the firm’s history, as it battles to save costs. The online giant, which employs 1.5 million people globally,…
USA: PayPal cuts 2,000 jobs as global economy weakens
PayPal is shedding around 2,000 jobs, or 7% of its workers, as it becomes the latest big tech firm to cut costs. The online payments company says it was forced…
USA: Microsoft to cut 10,000 jobs as spending slows
Microsoft will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry. It will affect up to 5% of its global workforce and cost the…
USA: Dell to cut workforce
Dell is to lay off about 6,650 workers because of the decline in demand for personal computers. The job cuts are expected to affect about 5% of its global workforce.…
USA: Google parent Alphabet to cut 12,000 jobs
Google’s parent company Alphabet will cut 12,000 jobs, in the latest staff redundancies to hit the tech industry. Google and Alphabet CEO Sundar Pichai said he took “full responsibility” for…
USA: Yahoo to slash 20% of its workforce
Yahoo plans to lay off more than 20% of its total 8,600 workforce as part of a major restructuring. The veteran tech company is reorganising its advertising unit, which will…
India: Indians outdrink France as top buyer of Scotch whisky by volume
India has replaced France as the world’s biggest buyer of Scotch whisky by volume, latest figures show. Whisky makers exported 219 million bottles to India, up 60% on 2021, the…
Pakistan: Karachi seeks IMF bailout to stave off economic collapse
Pakistan is holding last-ditch talks with the International Monetary Fund (IMF) to secure help to stem a deepening economic crisis that has all but emptied its foreign exchange reserves. It…
Nigeria: Bank workers use a ladder to flee protesters
A video of Nigerian bank staff members fleeing from bank premises by climbing over the security wall to escape irate customers has been widely speculated on social media. The workers…