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…
A closely watched legal battle involving Meta Platforms is approaching a decisive stage, with closing arguments delivered in a New Mexico courtroom. The case centers on accusations that the technology company misled users about the safety of its social media services for children, raising broader questions about corporate responsibility in the digital economy. The trial follows approximately six weeks of…
Nearly 90,000 bottles of a widely distributed children’s pain reliever have been withdrawn from the U.S. market after reports of potential contamination, according to federal regulators. The affected product is a berry-flavored liquid ibuprofen commonly used to treat fever and pain in children aged 2 to 11. The recall was initiated earlier in March after customers reported unusual contents in…
Senior U.S. and Chinese officials ended high-level trade talks in Paris with a public display of caution rather than a breakthrough. China’s lead trade representative, Li Chenggang, said Beijing had raised serious concerns about new U.S. tariff moves and related trade investigations, warning that further action could undermine the more stable commercial relationship the two sides have recently tried to…
Cambodia has announced plans to eliminate all online scam centers operating within its borders by the end of April, marking the latest phase of an intensified national campaign against cyber fraud. Authorities say the crackdown is part of a broader effort to dismantle networks responsible for online scams targeting victims worldwide. Senior Minister Chhay Sinarith, who leads the government’s Commission…
Governments and traders spent Monday assessing the energy fallout from the expanding war involving Iran, as disruption around the Strait of Hormuz renewed fears over one of the world’s most important oil corridors. Since the conflict began on Feb. 28, tanker traffic through the strait has largely stalled, raising concern that a prolonged interruption could restrict supply well beyond the…
A federal trade court ruled that companies are due refunds for Trump-era tariffs, potentially leading to one of the largest U.S. government trade repayment efforts. This follows a Supreme Court decision invalidating a broad set of emergency import duties. Judge Richard Eaton of the U.S. Court of International Trade said that “all importers of record” are eligible to benefit from…
