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…
Ferrero Expands Into Breakfast With Bold Acquisition Italian confectionery giant Ferrero is making another major push into the North American food market, announcing a $ 3.1 billion deal to acquire WK Kellogg Co., the iconic cereal producer known for Froot Loops, Frosted Flakes, and Corn Flakes. The agreement, revealed on July 10, 2025, includes a cash offer of $23 per share,…
Seven Tariff Letters to Be Sent as August 1 Deadline Looms President Donald Trump has intensified his trade offensive by announcing that at least seven new tariff letters will be delivered to U.S. trade partners on Wednesday, warning that a strict deadline of August 1 will not be extended. This move is part of a broader strategy aimed at pressuring…
President Donald Trump has announced that starting August 1, the United States will impose 25% tariffs on a wide range of imports from Japan, South Korea, and 12 other countries. The decision was published through formal letters addressed to each country’s leadership and posted on Trump’s Truth Social platform. According to the documents, the tariffs aim to correct trade imbalances…
Australian airline confirms third-party platform was compromised; investigation underway. Qantas Airways has confirmed that a cyberattack on a third-party customer service platform has exposed the personal data of up to six million customers, in what could be one of the most significant data breaches in the country’s aviation sector. In a statement released Wednesday, the airline said the breach was…
On July 3, 2025, after intense overnight negotiations, the U.S. House of Representatives narrowly passed President Trump’s sweeping tax-and-spending package, dubbed the One Big Beautiful Bill, by a vote of 218–214. This nearly 900‑page legislation had previously cleared the Senate in a 51–50 tie, with Vice President J.D. Vance casting the deciding vote. The passage fulfills Trump’s self-imposed deadline ahead…
With low adoption rates, the Kingdom ramps up infrastructure and manufacturing to meet 2030 targets. Slow Start, Fast Growth Electric vehicles currently make up just over 1% of new car sales in Saudi Arabia, far below the global average of 18% recorded in 2023. But that figure may soon change as the Kingdom intensifies efforts to become a hub for…
