Latest News, Updates & Breaking Headlines
Pakistan will enforce planned evening power cuts of around two hours as it grapples with rising energy costs amid disruptions linked to the Iran war.In a statement on Wednesday, the government said electricity demand surges between 5.00 pm and 1.00 am (local time), while reduced hydropower output has widened supply gaps, as cited by Bloomberg….
Disney CEO Josh D’Amaro has announced that the company is undergoing a change, working to reshape its massive media empire. In a memo to employees, the CEO said that the company is cutting approximately 1,000 roles this week to “streamline” its operations. According to the memo, the majority of the job losses are a direct…
‘No gas for roti, naan’: Karachi families struggle as unannounced cuts enter second week For the second consecutive week, unannounced gas outages have thrown daily life into chaos across Karachi, Pakistan forcing families to queue for roti and LPG while drawing sharp criticism from political leaders and a denial of lapses from the utility company.The…
A shopper at Kroger. The supermarket chain’s proposed Albertsons merger drew an FTC antitrust lawsuit. Retail chain Albertsons Companies is aggressively scaling back its physical footprint and thinning its workforce across the country as the grocery giant struggles to find its footing in the wake of its collapsed $24.6 billion merger with Kroger. The Boise-based…
US inflation rose in line with expectations in February, with further upside risks emerging from the Iran war, a trend that could delay interest rate cuts by the Federal Reserve, Reuters reported.The personal consumption expenditures (PCE) price index –the Fed’s preferred inflation gauge– increased 0.4% in February after a 0.3% rise in January, data from…
In pic: Sony Pictures CEO Ravi Ahuja Sony Pictures Entertainment reportedly started laying off employees across its motion picture group, television division, and corporate offices this week. The latest round of job cuts is part of a restructuring effort expected to unfold over several months, a report claims. A Deadline report suggests that the move…
Amazon may be planning another round of layoffs in May 2026, potentially affecting around 14,000 employees globally. The cuts are expected to primarily target white-collar workers and mid-level management at job levels L5 through L7, across divisions including AWS, retail, and human resources. This would be Amazon’s third major reduction in under a year, following…
Oracle is laying off at least 10,000 employees—potentially up to 30,000—as it struggles to manage the cash demands of a $300 billion cloud computing deal with OpenAI. The cuts, Oracle’s largest-ever restructuring, span divisions including Oracle Health, Cloud, Sales, and NetSuite. With debt exceeding $100 billion and free cash flow deeply negative, the company is…
NEW DELHI: Moody’s Ratings has slashed India’s economic growth estimates for the current fiscal to 6% from 6.8% earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks.In its credit opinion report on India, Moody’s said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term…
Mark Zuckerberg‘s Meta is cutting more jobs. Meta is laying off hundreds of employees in Silicon Valley as the tech giant heavily invests in artificial intelligence (AI). Meta is slashing hundreds of employees in Silicon Valley as the tech giant heavily invests in artificial intelligence and weighs axing over 20% of its workforce. Two filings…
