Disney layoffs will begin this week, CEO Bob Iger says in memo
Disney CEO Bob Iger notified employees in a memo that job losses will begin this week.
Israel’s Netanyahu delays controversial judiciary overhaul after mass protests
Israeli Prime Minister Benjamin Netanyahu on Monday agreed to suspend a planned judiciary reform until the next parliament session after nationwide protests paralyzed the country.
Binance and founder Changpeng Zhao violated compliance rules to attract U.S. users, CFTC alleges
The CFTC alleged that Binance violated federal law to solicit U.S. users for millions in revenue, a potentially existential threat to the exchange.
Huawei reportedly says it has developed domestic chip design tools despite U.S. sanctions
Huawei along with other domestic firms, created electronic chip design tools required to make semiconductors at 14 nanometers and above, a top exec said.
Starlink rival OneWeb aims for global satellite internet coverage after passing a key milestone
Internet satellite company OneWeb is aiming to roll out coverage globally after successfully launching an additional 36 satellites Sunday.
Largest strike in decades brings Germany to a standstill
Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions at the start of the working week.
Humza Yousaf wins leadership election of Scotland’s ruling party, set to lead the country
Humza Yousaf has been elected the new head of the Scottish National Party by party members.
Saudi National Bank chair resigns just days after Credit Suisse comments sparked sell-off
Al-Khudairy’s resignation comes days after his comments fueled investor panic and contributed to a selloff in the shares of embattled lender Credit Suisse.
Lebanon wakes up in two simultaneous time zones as government can’t agree on daylight saving change
The disagreement has led to chaos and confusion for airports, businesses, and people across Lebanon.
Club Med owner is bullish on China’s reopening, says resort is ‘definitely not for sale’
Club Med is “very optimistic” about China’s reopening, and says the luxury resort chain is “definitely not for sale,” an executive from Fosun Tourism Group told CNBC.
