Economy
World / Countries / MNCs
ChatGPT might be helping you perform your day-to-day activities with ease, and now you can shop directly from the AI bot that became a global phenomenon since its arrival. more
AI-driven restructuring: Accenture lays off 11,000 employees

IT giant Accenture has announced it has removed 11,000 employees in the last three months, and more layoffs could be expected in the upcoming months as part of its AI restructuring.

Lufthansa is planning to remove 4,000 jobs by 2030

German airline group Lufthansa on Monday announced plans to cut about 4,000 jobs, or around 4 percent of its global workforce, by 2030, with the majority of reductions to be made in Germa ...

Amazon to pay $2.5 bln in U.S. FTC settlement over Prime sign-up practices

The U.S. Federal Trade Commission (FTC) said on Thursday it has reached a “historic” settlement with Amazon.com Inc and two senior executives over allegations the company enro ...

IT major Google removes over 200 AI contractors: Reports

IT major Google has laid off more than 200 contract workers who were working on its Artificial Intelligence projects, including Gemini, according to media reports.

Military spending worldwide hits record $2.7 trillion

Global military spending reached an unprecedented $2.7 trillion in 2024 amid intensifying wars and rising geopolitical tensions worldwide.

IT major Accenture to acquire cybersecurity service CyberCX

Accenture has agreed to acquire CyberCX, a leading privately-owned cybersecurity services provider serving both private and public sector organizations across Australia, New Zealand and i ...

Top UN economist warns US tariff delay deepens trade uncertainty

A leading UN trade official warned on Tuesday that the United States’ decision to delay the end of a tariff suspension by a few weeks risks prolonging global uncertainty and undermi ...

AirAsia signs agreement with Airbus for 70 A321XLRs

AirAsia Berhad, a wholly-owned subsidiary of Capital A Berhad, signed an agreement with Airbus valued at USD12.25 billion for 50 A321XLRs with rights for 20 A321XLRs.

Microsoft quits Pakistan operations, ex-President expresses concerns

Tech giant Microsoft on Friday announced shutting down its office in Pakistan, ending its 25-year journey in the country.