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BUSINESS

Cisco cuts thousands of jobs as it shifts focus to AI and cybersecurity

Digital Desk -
Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year as the company shifts its...
BUSINESS

TikTok agrees to withdraw rewards feature amid online addiction concerns

Digital Desk -
TikTok has agreed to withdraw a rewards feature that raised concerns about its potential to encourage excessive screen time, particularly among children, the European...
BUSINESS

Shares sink in Japan following tech-driven retreat on Wall Street

Digital Desk -
Japan’s benchmark Nikkei 225 index sank 5.8% on Friday in what some reports said was the worst single-day loss since Black Monday of 1987. The...
BUSINESS

Elon Musk says he is moving SpaceX and X headquarters from California to Texas

Digital Desk -
Billionaire Elon Musk has said he is moving the headquarters of SpaceX and social media company X to Texas from California. Mr Musk posted on...
BUSINESS

Amazon crosses two trillion dollars in stock market value for the first time

Digital Desk -
Amazon.com has surpassed two trillion dollars (£1.59 trillion) in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s...
BUSINESS

EU regulators accuse Apple of breaching digital competition rules for app stores

Digital Desk -
European Union regulators have accused Apple of breaking new rules on digital competition by preventing software developers on its App Store from steering users...
BUSINESS

UN secretary-general calls for ‘windfall’ tax on profits of fossil fuel companies

Digital Desk -
UN secretary-general Antonio Guterres called on Wednesday for a “windfall” tax on the profits of fossil fuel companies to help pay for the fight...
BUSINESS

Royal Mail owner has agreed to. £5bn takeover from Czech billionaire Daniel Kretinsky

Digital Desk -
The board of the company agreed to a formal takeover offer for the 500-year-old organisation which includes assumed debts for the company Czech billionaire...
BUSINESS

China sanctions Boeing and two US defence contractors for Taiwan arms sales

Digital Desk -
China’s ministry of commerce has announced sanctions against Boeing and two other US defence companies over arms sales to Taiwan, on the day of...
BUSINESS

Air Vanuatu cancels flights and considers bankruptcy protection

Digital Desk -
Air Vanuatu announced that it had cancelled international flights for four days and was considering bankruptcy protection for the South Pacific state-owned carrier. It said...
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