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BUSINESS

Charles Schwab plans job cuts and office downsizing amid efforts to reduce costs

Digital Desk -
Charles Schwab plans to cut jobs and close or downsize some corporate offices as part of company efforts to reduce operating costs, the financial...
BUSINESS

IBM selling The Weather Company assets to private equity firm Francisco Partners

Digital Desk -
IBM is selling assets of The Weather Company – including Weather.com and The Weather Channel mobile app — to private equity firm Francisco Partners. The...
BUSINESS

Elon Musk says ability to block other X accounts may be removed in future

Digital Desk -
Users of the social media platform X will not be able to block people from seeing their posts or commenting on them in future,...
BUSINESS

China’s Evergrande asks court to approve debt plan and rejects bankruptcy claims

Digital Desk -
A giant Chinese real estate developer that is struggling to avoid defaulting on $340 billion debt (€312 billion) said it is asking a US...
EUROPE

Italian banks’ shares plunge after ministers back tax on profits

Digital Desk -
Shares in Italian banks have plunged after the Cabinet approved a proposal to apply a temporary tax on some profits this year to help...
BUSINESS

Biogen to bolster rare disease treatments with £5.4 billion Reata acquisition

Digital Desk -
Biogen is spending more than seven billion US dollars (£5.4 billion) to buy Reata Pharmaceuticals and bolster its rare disease treatments. The Alzheimer’s treatment developer...
BUSINESS

Microsoft and UK regulators seek more time to work on Activision deal

Digital Desk -
Microsoft and British regulators have sought more time from a court as the US tech company uses a rare second chance to overcome opposition...
BUSINESS

US food agency called on to investigate Logan Paul & KSI backed Prime Energy Drink

Digital Desk -
An energy drink backed by two YouTube stars that has earned viral popularity among children is facing scrutiny from lawmakers and health experts over...
BUSINESS

Switzerland ‘to become a net importer of cheese this year for the first time’

Digital Desk -
Switzerland will import more cheese than it exports this year for the first time, according to the head of the country’s dairy association. The opening...
BUSINESS

Ant Group fined £769 million by Chinese regulators

Digital Desk -
Chinese regulators said they have fined Ant Group 7.123 billion yuan (£769 million), claiming the financial technology provider violated laws related to corporate governance...
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