British telecoms group BT said Thursday it will axe up to 55,000 jobs by the end of the decade in the latest tech jobs cull in response to rampant inflation.. The grim news follows the axing this year of tens of thousands of jobs across the global tech sector, including by Facebook parent Meta, as soaring inflation also saps the world economy.
Prime Minister Rishi Sunak Thursday announced Japanese investment of more than $22 billion into the UK, but accepted carmakers' concern about Brexit trade rules as he confirmed talks with the European Union.. European carmaker Stellantis has warned it could close some UK factories should Sunak's government fail to tweak Brexit trade rules, to ease the supply of batteries for electric vehicles.
Sierra Leone's president expressed hope in an AFP interview that a new African mediation mission would help end Russia's war in Ukraine which has hit the "poorest of the poor" around the world.. For the sake of humanity, for what is happening, let's end the war," he said in an interview in the capital Freetown on Wednesday.
Authorities in Ravenna issued an immediate evacuation order Thursday for three villages threatened by floods after heavy rains left nine people dead across northeastern Italy.. More than 10,000 people have been evacuated from their homes and hundreds of landslides were reported, regional officials said.
Srichand Hinduja, the tycoon who headed Britain's richest family, has died at the age of 87, a spokesman said.. The eldest of four brothers behind the Hinduja Group conglomerate, he died on Wednesday, according to a family spokesman.
China has lifted an import ban on Australian timber, Beijing's ambassador said Thursday, hailing warming ties between the two countries.. Timber was among a slew of Australian commodities hit with import bans and restrictions as diplomatic relations between Beijing and Canberra soured during the height of the pandemic.
Deutsche Bank will pay $75 million to settle litigation alleging the German lender financially benefited from supporting Jeffrey Epstein's sex trafficking scheme, according to a report Wednesday.. Deutsche Bank in July 2020 agreed to pay $150 million to settle allegations brought by the New York Department of Financial Services for compliance failures connected to the bank's work for Epstein.
Micron said Thursday it will invest $3.6 billion to produce next-generation semiconductors in Japan, after Prime Minister Fumio Kishida held talks with some of the world's biggest chipmakers.. Attendees at the Kishida meeting on Thursday included senior executives from Taiwan's TSMC, South Korean giant Samsung, and US titans Intel, Micron and IBM. "Micron expects to invest up to 500 billion yen ($3.6 billion) in 1-gamma process technology over the next few years, with close support from the Japanese government," the firm said in a statement, referring to the production of advanced DRAM memory chips.
Asian investors on Thursday tracked a strong Wall Street rally, fanned by optimism over talks to avert a catastrophic US debt default.. The news of progress was greeted warmly on Wall Street, where all three main indexes ended more than one percent higher, and Asia followed in early business Thursday.
Netflix on Wednesday wooed marketers with word that its nascent ad-supported plan has grown to nearly five million users globally.. Membership in its ad-supported tier has more than doubled since early this year, growing to nearly five million, according to Netflix.
