Meta said Thursday it would cut about 8,000 jobs, or roughly 10% of its workforce, as the company pushes further into artificial intelligence spending while trying to improve efficiency. The company said the reductions are meant to free up resources for new investments in other parts of the business. Bloomberg also reported that Meta plans to leave about 6,000 positions…
South African fashion and homeware retailer Mr Price has agreed to buy German-based value chain NKD Group in a transaction worth up to 487 million EUR (around $568 million USD), marking its first move into the European market. Announced on December 10, 2025, the deal signals a clear strategic shift for the Durban-based group, which has largely concentrated on South…
More people are relying on GoFundMe to pay for rent, groceries and other necessities as living costs squeeze household budgets. The for-profit crowdfunding platform’s 2025 “Year in Help” report says campaigns created to cover “essential” expenses such as housing, utilities and food rose by 20% this year, after already quadrupling in 2024. “Monthly bills” was the platform’s second-fastest-growing category in…
Paramount has moved to a full-scale hostile bid for Warner Bros. Discovery (WBD), confronting the previously announced takeover agreement between Netflix and the Hollywood studio. The company said it is bypassing WBD’s board and appealing directly to shareholders with an all-cash offer valued at about $74.4 billion, or $30 per share. Unlike Netflix, Paramount is also offering to buy WBD’s…
Netflix has agreed to buy the studio and streaming operations of Warner Bros. Discovery in a cash-and-stock transaction valued at $72 billion, a deal that would unite two of the most influential names in film and television. The planned acquisition would put Warner’s movie and television studio, as well as HBO, HBO Max and DC Studios, under the control of…
Italian prosecutors in Rome have ordered 13 luxury fashion houses to submit detailed records on their corporate governance, internal controls and audit systems as part of a widening investigation into alleged labor exploitation in the sector. Judicial documents seen by reporters show that the request focuses on possible abuse of Chinese workers employed in subcontracted workshops that manufacture goods for…
Costco Wholesale Corp. has become the largest U.S. company so far to challenge former President Donald Trump’s sweeping import tariffs, asking a federal trade court to order a refund of the duties it has already paid. The warehouse-club retailer has filed suit in the U.S. Court of International Trade in New York, arguing that the levies, imposed under the 1977…
