Business
Get the latest updates on market trends, corporate deals, financial insights, and global economic developments shaping industries worldwide
New Starbucks CEO Laxman Narasimhan takes over nearly two weeks earlier than expected
About two weeks sooner than anticipated, Starbucks announced on Monday that Laxman Narasimhan has assumed the role of CEO. It...
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Amazon lays off another 9,000 employees as cost-cutting measures intensify
The CEO of Amazon, Andy Jassy, revealed in a statement on Monday morning that the firm will lay off another...
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Laid-off employees claim Google not paying for authorized maternity leave
According to reports, Google is reportedly taking other cost-cutting measures, such as not paying for the maternity and medical leaves...
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UBS to buy Credit Suisse for nearly $3.25B to calm the turmoil
In an effort to prevent future market-shaking turbulence in the global banking system, banking behemoth UBS is purchasing ailing rival...
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The group that owns Silicon Valley Bank seeks bankruptcy protection
The parent company of the seized Silicon Valley Bank is filing for bankruptcy protection. Here's everything you need to know....
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Microsoft incorporates ChatGPT-style AI into Word, Outlook
As part of its artificial intelligence (AI) revolution, Microsoft revealed on Thursday that it will be integrating an AI system...
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UAE spymaster invests $100 million in TikTok parent ByteDance; firm valued at $220 billion
According to Bloomberg, the United Arab Emirates espionage head, royal Sheikh Tahnoon bin Zayed Al Nahyan, has invested more than...
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Credit Suisse leads Europe bank rout in renewed SVB fallout
The Europe bank stocks came under pressure again as Credit Suisse tumbled to a new low on Wednesday. Read to...
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TikTok mulls splitting from ByteDance if proposal with U.S. fails
TikTok, a well-known video-sharing app, apparently contemplates severing ties with parent company ByteDance. According to Bloomberg, the United States' concerns...
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