BUSINESS

'Mr. Wonderful' urged workers to be more miserly or they will 'piss away about $15,000 a year on stupid stuff'

The world's largest maker of memory chips, smartphones, and televisions reportedly plans to implement the global headcount reduction by the end of the year, and it would hit jobs across the Americas, Asia, Europe, and Africa.

Spanish Prime Minister Pedro Sanchez met Thursday with Venezuelan opposition candidate Edmundo Gonzalez Urrutia, who fled to Madrid over the weekend requesting asylum, as tensions mounted between Caracas and its former colonial ruler.

Regulators in the European Union are looking into Google's Pathways Language Model 2 (PaLM2) for possible GDPR infractions. They are concentrating on impact assessments and the processing of personal data.

OpenAI is set on cementing itself as a leader in AI tech with its plan to raise funds at a $150 billion valuation.

J&J CEO explained that the new drug-price negotiation law threatens development of new drugs, according to Bloomberg.

Major Japanese and American business groups have urged US Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.

An Irish regulator helping to police European Union data privacy on Thursday launched an investigation into Google's artificial intelligence development.

Japan's leadership race kicked off Thursday with a record nine candidates including the surfing son of a former prime minister and an arch-nationalist vying to be the first woman premier.

Prices for bread have jumped so much over the last few years that Russian pensioner Oleg Ivanovich sometimes has to go without.

US Secretary of State Antony Blinken on Thursday meets Poland's leaders to forge common cause on Ukraine as upcoming US elections and Russian attacks raise new jitters.

Taylor Swift on Wednesday repeated her call for fans to register to vote in the US presidential election as she accepted MTV's top Video Music Award.

With inflation slowing and the economic outlook darkening, the European Central Bank is expected to cut interest rates again Thursday but is unlikely to give much away about its next moves.

A surge in tech firms Thursday helped Asian markets track a Wall Street rally after data showed US inflation at a more than three-year low, reinforcing expectations the Federal Reserve will cut interest rates next week.

Boeing faces a potentially crippling strike in the Seattle region, depending on how 33,000 workers vote Thursday on a new contract that has angered many employees despite solid wage gains.

Brand new Mercedes, state-of-the-art 4x4s, even Teslas: high-end, modern cars have started appearing in Havana, a city whose image is intricately linked to the classic American sedans and Soviet-era Ladas that cruise its streets.

Max Verstappen will look for an improved personal and team performance this weekend when Red Bull seek to stop the rot and stay on top in the Formula One title race at this weekend's Azerbaijan Grand Prix.

A wildfire in the hills near Los Angeles exploded overnight, torching dozens of homes as its footprint swelled 1,000 percent by Wednesday.

A US dive team has discovered the wreck of a French steamship, Le Lyonnais, that sank in the Atlantic Ocean in 1856 after a "hit-and-run" collision with an American sailing vessel, claiming 114 lives.

After trekking deeper into space than any humans in the last half-century, a pioneering private crew is set to make history Thursday with the first-ever spacewalk by non-professional astronauts.

Severe flooding in the northeastern Nigerian city of Maiduguri has claimed at least 30 lives and forced 400,000 people from their homes, officials said Wednesday.

The company does not plan to close any location during the reorganization.

A bridge partially collapsed in the eastern German city of Dresden early on Wednesday, with authorities saying that no one was injured but that there was a risk of further sections crumbling.

Afghanistan said Wednesday work would begin on a $10 billion gas pipeline traversing South Asia as officials joined dignitaries in neighbouring Turkmenistan to celebrate its completion on that side of the border.

US consumer inflation eased more than expected last month, according to government data published Wednesday, bolstering expectations that the Federal Reserve will cut interest rates next week.

Kamala Harris and Donald Trump set out Wednesday to ride the momentum from their high-stakes debate into the final sprint to November as they seek to persuade undecided voters and shake up a presidential election locked in a dead heat.

Britain's economy stalled again in July, official data showed Wednesday, dealing a blow to the new Labour government that has put growth expansion at the top of its priority list.

US tech giant Amazon is to invest GBP8 billion ($10.5 billion) in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced Wednesday.

Commerzbank shares soared Wednesday after Italian bank UniCredit acquired a nine-percent stake in Germany's second-biggest lender, half of it from the German state, fueling speculation about a potential takeover.